Prosecutor in Trump criminal probe convenes grand jury to hear evidence, weigh potential charges
Category: News & PoliticsVia: john-russell • 3 weeks ago • 17 comments
NEW YORK — Manhattan's district attorney has convened the grand jury that is expected to decide whether to indict former president Donald Trump, other executives at his company or the business itself should prosecutors present the panel with criminal charges, according to two people familiar with the development.
The panel was convened recently and will sit three days a week for six months. It is likely to hear several matters — not just the Trump case — during the duration of its term, which is longer than a traditional New York state grand-jury assignment, these people said. Like others, they spoke on the condition of anonymity to discuss an ongoing investigation. Generally, special grand juries such as this one are convened to participate in long-term matters rather than to hear evidence of crimes charged routinely.
The move indicates that District Attorney Cyrus R. Vance Jr.’s investigation of the former president and his business has reached an advanced stage after more than two years. It suggests, too, that Vance believes he has found evidence of a crime — if not by Trump then by someone potentially close to him or by his company.
Vance’s investigation is expansive, according to people familiar the probe and public disclosures made during related litigation. His investigators are scrutinizing Trump’s business practices before he was president, including whether the value of specific properties in the Trump Organization’s real estate portfolio were manipulated in a way that defrauded banks and insurance companies, and if any tax benefits were obtained illegally through unscrupulous asset valuation.
The district attorney also is examining the compensation provided to top Trump Organization executives, people familiar with the matter have said.
A spokesman for Trump and an attorney for the Trump Organization did not respond to requests for comment. The former president has adamantly and repeatedly denied wrongdoing, deriding the investigation as politically motivated.