Why Trump’s Tax Returns Might Be Important to New York Prosecutors

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The U.S. Supreme Court on Feb. 22 cleared the way for Manhattan District Attorney Cyrus Vance Jr.’s office to obtain tax records and other financial documents from the accountant for former President Donald Trump. The high court’s order, consisting of one sentence with no noted dissents, ends a legal battle over a subpoena for the documents that began in 2019.

What is the district attorney investigating?

Mr. Vance is conducting an investigation into possible bank, insurance and tax fraud, according to court documents the district attorney’s office filed in the legal dispute over the subpoena.

Prosecutors are looking into financial dealings around some of Mr. Trump’s signature Manhattan properties, including his flagship Fifth Avenue building, Trump Tower, and 40 Wall St., an art deco skyscraper in the Financial District, The Wall Street Journal has previously reported. Mr. Vance’s office has also subpoenaed information about the valuation of Seven Springs, a 213-acre estate in Westchester County, N.Y..

On Monday, Mr. Trump called the investigation “a continuation of the greatest political witch hunt in the history of our country.”

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