US Supreme Court orders release of Trump tax records

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Donald Trump suffered a major setback on Monday in his long quest to conceal details of his finances as the U.S. Supreme Court paved the way for a New York City prosecutor to obtain the former president’s tax returns and other records as part of an accelerating criminal investigation.

The justices without comment rebuffed Trump’s request to put on hold an Oct. 7 lower court ruling directing the Republican businessman-turned-politician’s longtime accounting firm, Mazars USA, to comply with a subpoena to turn over the materials to a grand jury convened by Manhattan District Attorney Cyrus Vance, a Democrat.

“The work continues,” Vance said in a statement issued after the court’s action.

Vance had previously said in a letter to Trump’s lawyers that his office would be free to immediately enforce the subpoena if the justices rejected Trump’s request.

A Mazars spokesman said the company was aware of the court’s action and “remains committed to fulfilling all of our professional and legal obligations.” A lawyer for Trump did not immediately respond to a request for comment.

The Supreme Court’s action, coming soon after Vance’s hiring of a prominent lawyer with deep experience in white-collar and organized-crime cases, could boost the district attorney’s investigation into Trump’s family real-estate company, the Trump Organization, following a flurry of recent subpoenas.

Reuters reported on Friday that Vance’s office had subpoenaed a New York City property tax agency as part of the investigation, suggesting prosecutors are examining Trump’s efforts to reduce his commercial real-estate taxes for possible evidence of fraud.

(Reuters)

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