It’s highly unlikely that the Manhattan DA will bring an indictment against Trump before the election so there’s little chance we’ll see any of Trump’s tax returns and financial records until later. It’s a shame.
But there’s some reason he worked so hard to keep them secret and we may know the answer to that within a fairly short period of time:
The Manhattan District Attorney’s office is probing the Trump Organization over fraud allegations, state prosecutors suggested in a Monday court filing.
The probe covers allegations of potential bank and insurance fraud, wrote Manhattan District Attorney Cyrus Vance in a motion to dismiss a federal case that President Trump filed to block a subpoena that New York prosecutors obtained for the President’s tax returns, which are held by a third-party accounting firm.
The Supreme Court dismissed a challenge from President Trump to the subpoena last month, but left room for him to continue objecting to the demand for documents at the district court level.
Vance cited news reports and an article referencing former Trump lawyer Michael Cohen’s congressional testimony in the filing. At a hearing before the House Oversight Committee last year, Cohen alleged that Trump would change the book value of his properties for lenders and insurers.
The filing does not appear to cite a specific act of alleged wrongdoing as the focus of the investigation, however, instead arguing that “undisputed information in the public record” invalidates Trump’s earlier accusation that the subpoena was “wildly overbroad.”
Rather, Vance argued, there have been “public allegations of possible criminal activity at Plaintiff’s New York County-based Trump Organization dating back over a decade.”
“Although the Office bears no affirmative burden to justify the breadth of the Mazars Subpoena, and although Plaintiff is not entitled to know the scope and nature of the grand jury investigation, publicly available information itself establishes a satisfactory predicate for the Mazars Subpoena,” Vance argued.
[…]
A New York grand jury first issued the subpoena to Trump’s longtime accountant Mazars USA LLP in August 2019. The subpoena has remained dormant for the past year as litigation progressed up to the Supreme Court.
State prosecutors had suggested at the time that their focus was on whether any New York State laws were broken when Cohen set up hush-money payments to Stormy Daniels and Karen McDougal.
Who knows what they’ll find in those tax returns? I think we have a right to now, even if he loses the election. It’s important to see everything he may have put in motion for his own enrichment.