Manhattan District Attorney convenes new grand jury in Trump Organization probe, report says

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  • According to a new report, the Manhattan District Attorney’s office has convened a new grand jury to investigate an ongoing investigation into a company owned by former President Donald Trump.
  • The Trump Organization, owned by Donald Trump, has been facing criminal investigations for several years.
  • The news comes months after the first grand jury charged the Trump companies and Trump Organization chief financial officer Alan Weiselberg with criminal charges.

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The Manhattan District Attorney’s office has convened a new grand jury to investigate an ongoing investigation into a company owned by former President Donald Trump. A new report on Thursday.

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The grand jury will hear evidence about the company’s financial practices, and potentially vote on criminal charges, The Washington Post reported, citing people familiar with the matter.

News of the second grand jury comes months after the first grand jury convened by the DA criminally charged Trump companies and Trump Organization chief financial officer Alan Weiselberg with a plan to avoid paying taxes on executive compensation.

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The defendants have pleaded not guilty in that case.

A source quoted by The Post said a second grand jury is expected to see how the Trump Organization evaluates its real estate assets.

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The offices of Manhattan DA Cyrus Vance Jr., who is leaving office this winter, and the offices of New York Attorney General Letitia James have been monitoring for more than a year how the company evaluates such properties, and Does it report different values ​​for similar properties? To reduce their tax burden and insurance cost, and to maximize the value of the loan against them.

James announced last week that he would run for the Democratic nomination for governor in the 2022 election.

Vance spokesman Danny Frost declined to comment on The Post’s report.

A Trump Organization spokesman did not immediately respond to requests for comment by CNBC.

This is breaking news. Check back for updates.

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