Trump, who is seeking re-election on November 3, has fought to keep his tax returns a secret.
Court says Trump is not exempt from investigations, but tax returns may remain private for now
Manhattan District Attorney Cyrus Vance has subpoenaed Trump’s accounting firm for eight years of his business and personal statements and other documents in connection with a criminal investigation involving Trump and the Trump Organization, the his family’s real estate business.
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Carey Dunne, general counsel for Vance, on July 16 warned U.S. District Court Judge Victor Marrero against allowing Trump to delay long enough to exceed the statute of limitations.
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Trump filed a lawsuit last year to prevent Vance from obtaining his records, arguing the subpoena was invalid. On July 9, the Supreme Court in a 7-2 vote rejected his argument that he was immune from state criminal investigations while in the White House.
The High Court, however, said Trump could challenge the subpoena for other reasons.
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Vance’s office noted in a file this month that the judge previously dismissed Trump’s claims that the subpoena was in bad faith, intended to harass or undermine his presidential office.
Vance’s investigation began after reports that former Trump attorney Michael Cohen paid porn actress Stormy Daniels $ 130,000 to buy her silence ahead of the 2016 election over sex with Trump , which he denied.
Even if Vance wins, the rules of grand jury secrecy make it unlikely that Trump’s financial records will become public anytime soon. But that could change if charges were laid against other defendants.