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Manhattan DA Agrees to Delay Trump Financial Records Subpoena

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Manhattan DA Agrees to Delay Trump Financial Records Subpoena

2020-08-25 21:08:31

By Laura Tucker, Staff writer; Image: Cyrus Vance Jr. (Image source: Screenshot)

The fight for Donald Trump's financial records and tax returns has taken another surprising turn. With recent court decisions boiling down to the possibility of Manhattan district attorney, Cyrus Vance Jr., demanding the taxes as soon as Friday, he decided to give the president another chance at throwing out the prosecutor's subpoena and issued a delay.

It's been a long fight for Trump's financial records. There has to be something on there that would bring great harm to him and his family in some way, as hard as he has fought to not disclose this information.

While Trump has been refusing to release his tax returns since the 2016 election, nearly a year ago, Vance obtained a grand jury subpoena for Mazars USA, Trump's accounting firm, to release his financial records.

The DA is looking into the hush-money payments that Trump's former attorney, Michael Cohen, says were made to two alleged mistresses of Trump's. If they were made to ensure a Trump win in the election, it amounts to a campaign finance violation. Additionally, the DA is probing criminal conduct at the Trump Organization.

The president eventually pushed the fight for the records to the Supreme Court, only to have the justices deny his belief that as president, he has absolute immunity from criminal investigations. However, they left it open for Trump's legal team to take the fight back to lower courts with a different argument.

This landed the case on the desk of federal trial court judge in the Southern District of New York, Victor Marrero, last week. He refused Trump attorneys' arguments that the subpoena was overly broad and issued for political reasons. He said Trump's argument "amounts to absolute immunity through a back door."

Tump's attorneys took the fight to the New York-based U.S. Court of Appeals for the 2nd Circuit hours after Marrero had denied them to force Vance into allowing them time to mount an appeal. This was denied as well.

Though with those dismissals last week, Vance could demand the records as early as Friday. instead, Vance is allowing Trump's legal team to pursue another chance to find a court to agree with their argument. He issued a delay. The 2nd Circuit will hear the case next on September 1.

The question is, why did Vance agree to allow Trump to continue this — he had the financial records in his crosshairs. His reasoning for issuing a delay is unknown.   While experts say it's unlikely the public would see the records before the election anyway, Vance would, and he'd be able to determine if a further criminal investigation is warranted or perhaps even criminal charges. 

Yet, Vance decided to let Trump make one last attempt. Perhaps he just wants to be sure Trump exhausts all his efforts so that there cannot be any more attempts to stop it so that as a prosecutor, he can see the records and get down to work deciding whether a criminal charges or further investigation is needed.

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