Trump hotels, other businesses reportedly subpoenaed, but executive Matthew Calamari expected to avoid charges

- Advertisement -


  • New York prosecutors issued new subpoenas on former President Donald Trump’s properties for records as part of an ongoing criminal investigation of his business, a new report says.
  • Prosecutors for Manhattan District Attorney Cyrus Vance Jr. also recently told top Trump Organization executive Matthew Calamari that they did not plan to indict him.
  • Events unfold as Trump, the de facto leader of the Republican Party, despite losing the 2020 election to President Joe Biden, signals that he may run for president again in three years.

- Advertisement -

Prosecutors in New York have issued new subpoenas for records on former President Donald Trump’s properties as part of an ongoing criminal investigation into his business, A new report said on Wednesday,

- Advertisement -

Calamari’s attorney said prosecutors in the office of Manhattan District Attorney Cyrus Vance Jr. recently told Trump Organization Chief Operating Officer Matthew Calamari that they do not plan to indict him.

According to The New York Times, the demand for the documents sparks a renewed focus on the accuracy of Trump’s statements by investigators from the DA’s office about the value of his company’s various real estate assets.

- Advertisement -

Michael Cohen, Trump’s lifelong personal attorney and fixer, in a testimony to Congress in 2019 accused Trump of inflating the value of his assets and inflating his personal wealth in financial documents for potential lenders. Experts at the time said the testimony raised questions about possible fraud.

CNBC Politics

Read more about CNBC’s politics coverage:

  • Oath Keepers, Proud Boys, Leaders of Pro-Trump Groups Summons Capitol Riot Investigation on Jan.
  • Biden taps Shalanda Young to become OMB director in his second attempt at the lead role
  • California docks see ‘significant progress’ with supply chain backlog, port chief says

The DA’s office this summer charged both the Trump Organization and its chief financial officer, Alan Weiselberg, of crimes related to an alleged scheme to evade paying taxes on executive compensation.

The Times reported that prosecutors weighed in for months whether to pursue related charges against Calamari.

“I have been informed that there is no intention to make allegations against Mr. Calamari,” his lawyer, Nicolas Gravante, told CNBC in an email. “We believe this is a fair and just decision.”

“What the future holds in terms of the District Attorney’s continued investigation is anyone’s guess,” Gravante said. “In the meantime, however, we are glad that the views raised by Mr. Kalamari have not fallen on deaf ears.”

Calamari’s son, Matthew Calamari Jr., was called in September to testify before a Manhattan grand jury, which is hearing evidence about the investigation behind closed doors.

Gravante told NBC News that if Elder Calamari is called to speak before a grand jury, “he will appear and testify truthfully.”

The new developments come as Trump, despite losing the 2020 election to President Joe Biden, the de facto leader of the Republican Party, openly hints that he may run for president again in three years.

The Times reports that Vance’s new summons to prosecutors includes requests for records of Trump’s hotels, golf clubs and office buildings.

Investigators also recently interviewed a Deutsche Bank banker who lent hundreds of millions of dollars Trump’s company, the Times reported, citing people with knowledge of the investigation.

Vance spokesman Danny Frost declined to comment on CNBC.

A spokeswoman for New York State Attorney General Letitia James, whose office is also involved in the investigation, did not immediately comment.

,

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox