- The Manhattan District Attorney’s office has convened a new grand jury for its ongoing probe of the company owned by former President Donald Trump, according to a new report.
- The Trump Organization, which is owned by Donald Trump, has faced a criminal probe for several years.
- The news comes months after the first grand jury issued an indictment criminally charging Trump companies and the Trump Organization’s chief financial officer Allen Weisselberg
The offices of Manhattan DA Cyrus Vance Jr., who is leaving office this winter, and of New York Attorney General Letitia James for more than a year have been eyeing how the company valued such assets, and whether it reported different values for the same properties to lower their tax burden and insurance costs, and maximize the value of loans against them.
James last week announced her run for the Democratic nomination for governor in the 2022 election.
Vance’s spokesman Danny Frost declined to comment on The Post’s report.
A Trump Organization spokeswoman did not immediately respond to requests for comment by CNBC.
This is breaking news. Check back for updates.
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Source: Business - cnbc.com
