Trump Investigation Enters Crucial Phase as Prosecutor’s Term Nears End
The New York Times
New developments suggest the long-running inquiry has returned to an earlier focus: the valuations the former president and his family business applied to properties as it sought loans.
A long-running criminal investigation into Donald J. Trump and his family business is reaching a critical phase as Cyrus R. Vance Jr., the prosecutor overseeing the inquiry, enters his final weeks as Manhattan district attorney.
Mr. Vance’s prosecutors have issued new subpoenas for records about Mr. Trump’s hotels, golf clubs and office buildings. They recently interviewed a banker employed by Deutsche Bank, Mr. Trump’s top lender. And earlier this month, they told a top Trump executive who had been under scrutiny, Matthew Calamari, that they did not currently plan to indict him in the purported tax-evasion scheme that led to charges against Mr. Trump’s company and its chief financial officer.
The developments, described by people with knowledge of the matter, show that the Manhattan prosecutors have shifted away from investigating those tax issues and returned to an original focus of their three-year investigation: Mr. Trump’s statements about the value of his assets.
