Judge Denies Trump’s Motion To Stay Ruling Allowing Subpoena Of His Tax Returns
U.S. District Judge Victor Marrero denied President Trump’s motion to stay his ruling that allows Manhattan District Attorney Cyrus Vance to subpoena Trump’s financial records, including his tax returns.
- Courthouse News reporter Adam Klasfeld reported that Marrero cited concerns about "further delay on the grand jury’s" probe.
- The court document Klasfeld provided via tweet said: "The court notes that its views remain unchanged with respect to the president’s likelihood of success on the merits... particularly given the concerns ... regarding the effect of further delay on the grand jury’s investigation."
- Klasfeld noted in another tweet that “Trump has asked for an identical stay from the Second Circuit and SCOTUS.”
On Thursday, Marrero rejected the president's argument that the subpoena was "wildly overbroad" and issued in bad faith and ruled that Vance may “seek Trump’s tax returns and other documents from the accounting firm Mazars, for a criminal investigation whose scope remains unclear,” Courthouse News reported.
The district attorney signaled a potentially broad investigation earlier this month in a brief stating that he is looking into “possibly extensive and protracted criminal conduct at the Trump Organization,” citing a Wall Street Journal write-up of Michael Cohen’s congressional testimony and two Washington Post articles reporting that the president inflated his assets to lenders and used questionable tactics to sell off his father’s holdings.