NY convenes grand jury to consider Trump’s criminal charges and indictment

The prosecutor overseeing the criminal investigation into former President Donald Trump and his business connections has convened a grand jury, saying he has a case against Trump or his organization and that an indictment is highly likely and imminent.

New York District Attorney Cyrus R. Vance Jr. has been investigating the former president and his business for more than two years. The decision suggests she’s reached an advanced stage and that Vance believes he’s found evidence of a crime, The Washington Post reported.

Investigators are looking into Trump’s business practices before he was president, according to people familiar with the matter who spoke anonymously to The Washington Post. This includes whether the value of properties in Trump’s real estate portfolio have been manipulated to defraud banks and insurance companies and whether tax advantages have been taken from illegal asset appraisals. The DA is also reviewing the compensation of top executives at the Trump Organization.

Trump no longer has the immunity from prosecution he had as president or the power to forgive himself and his allies. He called the investigation politically motivated in a statement Tuesday, saying the grand jury nomination “was a continuation of the greatest witch hunt in American history.”

“It’s purely political and an affront to the nearly 75 million voters who supported me in the presidential election, and it’s being led by very partisan Democratic prosecutors,” Trump said.

The involvement of a grand jury suggests an indictment is “highly likely” and imminent, said Patrick Cotter, a former federal prosecutor who oversaw organized crime investigations, in a USAToday report.

“I guess…it’s that Vance feels he has the evidence to get an indictment and he’s in a hurry to have it presented, so he can get the indictment voted on and filed” , Cotter said. “It will take time, and there is further work required to finalize an indictment, but I imagine an indictment is essentially imminent.”

In April, the Manhattan District Attorney’s Office seized financial documents from the home of Jennifer Weisselberg, former stepdaughter of Allen Weisselberg, chief financial officer of the Trump Organization.

“If Vance intends to seek an indictment against Trump or the children, it’s likely to be the last step taken, and only after he first gathers cooperating witnesses like Weisselberg,” he said. said Bradley Moss, a national security attorney, in a USA Today report.

Trump is facing two investigations into his business practices in New York. Vance’s criminal investigation began in 2018, after longtime former Trump attorney Michael Cohen turned against Trump after pleading guilty to paying money on Trump’s behalf and lying to Congress. Cohen pleaded guilty.

A separate probe relates to New York Attorney General Letitia James’ civil investigation into the Trump Organization, launched in 2019 after Cohen testified before Congress and said Trump misled lenders and authorities. taxes by manipulating the valuations of its assets.

Last week, James announced that she had partnered with Vance in the Trump Organization’s criminal investigation, adding pressure on Trump over what was a civil matter.

READ MORE: Walls are closing in, Trump dropped by biggest lender Deutsche Bank for future business

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