New York prosecutors set deadline for Trump on legal action – report
New York prosecutors have given lawyers for Donald Trump 24 hours to respond with any last arguments as to why criminal charges should not be filed against his family business, according to a report on Sunday.
The deadline set for Monday was another strong signal that the Manhattan district attorney, Cyrus Vance, and the New York attorney general, Letitia James, are considering criminal charges against the former president’s company as an entity, according to sources quoted by the Washington Post.
On Friday, it was reported that Vance could announce charges against the Trump Organization and its chief financial officer, Allen Weisselberg, within seven days.
Any criminal charges would be the first in Vance’s probe into Trump and his business dealings.
Legal experts have said an indictment against the Trump Organization could bankrupt the company by undermining its relationships with banks and other business partners.
Vance’s office has said it was investigating “possibly extensive and protracted criminal conduct” at the Trump Organization, including tax and insurance fraud and falsification of business records.
Even if no charges were brought, Vance’s investigation could complicate any return to politics by Trump, who has lost some of his ability to communicate publicly after being permanently banned from Twitter and suspended for two years by Facebook.
James’ office has been investigating whether the Trump Organization inflated the values of some properties to obtain better terms on loans, and lowered their values to obtain property tax breaks.