A longtime outside accountant for the Trump Organization testified recently before a New York grand jury investigating former President Donald Trump's financial practices, and Trump's former Deutsche Bank banker, Rosemary Vrablic, has been interviewed by prosecutors in Manhattan District Attorney Cyrus Vance Jr.'s office, The Washington Post and The New York Times report, citing people familiar with Vance's Trump investigation.
Donald Bender, a Mazars USA accountant who has handled Trump's finances for decades, was automatically granted immunity from prosecution by appearing before Vance's grand jury, the Post reports. "The appearances by Bender and Vrablic suggest prosecutors are seeking information about Trump's finances from a small circle of outside partners who handled details of Trump's taxes and real estate deals. Bender and Vrablic were never Trump's employees, but they knew more about his company's inner workings than many employees did."
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Both investigations are looking into whether Trump or his organization committed fraud by intentionally overvaluing assets and excluding liabilities to get bank loans and publicly inflate Trump's wealth while claiming a fraction of that value to tax authorities. "If Vance or Bragg ever seeks to file charges against Trump himself, the burden of proof will be high," the Post notes. "They would need to do more than simply prove the Trump Organization's numbers were wrong."
Trump's legal team will likely point to disclaimers on the "statements of personal financial condition" Bender has prepared for Trump noting that Mazars has "not audited or reviewed" the information provided by Trump and is "aware of departures from accounting principles generally accepted in the United States of America," the Times notes. Armed with those caveats, "Trump's lawyers would most likely argue that no one, let alone sophisticated lenders, should have taken his valuations at face value."
-
September 1 editorial cartoonsCartoons Monday’s political cartoons include Labor Day picnic, branding strategy, and more
-
What is Tony Blair's plan for Gaza?Today's Big Question Former PM has reportedly been putting together a post-war strategy 'for the past several months'
-
When does autumn begin?The Explainer The UK is experiencing a 'false autumn', as climate change shifts seasonal weather patterns
-
Lisa Cook and Trump's battle for control the US FedTalking Point The president's attempts to fire one of the Federal Reserve's seven governor is represents 'a stunning escalation' of his attacks on the US central bank
-
RFK Jr. names new CDC head as staff revoltSpeed Read Kennedy installed his deputy, Jim O'Neill, as acting CDC director
-
Why is Trump suddenly interested in his enemies' mortgages?TODAY'S BIG QUESTION As the president continues targeting adversaries, he's turned to a surprising ally to provide ammunition for an emerging line of attack
-
'A symbol of the faceless corporate desire'Instant Opinion Opinion, comment and editorials of the day
-
Truck drivers are questioning the Trump administration's English mandateTalking Points Some have praised the rules, others are concerned they could lead to profiling
-
DC prosecutors lose bid to indict sandwich throwerSpeed Read Prosecutors sought to charge Sean Dunn with assaulting a federal officer
-
White House fires new CDC head amid agency exodusSpeed Read CDC Director Susan Monarez was ousted after butting heads with HHS Secretary Robert F. Kennedy Jr. over vaccines
-
Trump soaks up adoration in his made-for-TV Cabinet meetingsIN THE SPOTLIGHT The president's televised sessions have become a platform for his top lieutenants to demonstrate executive flattery
