The US Supreme Court has ruled the former President Donald Trump may not block the release of his tax records.
Manhattan prosecutors have requested the tax records for their investigation against the Trump Organization for alleged insurance and bank fraud.
Manhattan District Attorney Cyrus Vance has already subpoenaed eight years’ worth of financial records from Trump’s accounting firm Mazars USA LLP so far.
Mazars said it will comply with the final ruling of the courts and would give the tax documents to the grand jury
Since the investigation was announced in 2019, the Trump Organization has defended that the documents are protected from the public by attorney-client privilege and that he was sitting as President at that time.
The US Supreme Court ruled 7-2 last July that Trump did not have immunity from a state criminal subpoena and that he was not entitled to any kind of heightened standard unavailable to ordinary citizens.
Vance argued that prosecutors should have access to the documents because of possible “extensive and protracted criminal conduct at the Trump Organization.”
Vance said that there was a need to look into Trump’s properties in New York and the alleged hush-money given to porn star Stormy Daniels and former Playboy pinup Karen McDougal to keep them quiet about their allegations of affairs with Trump before the 2016 election.
Michael Cohen, formerly Trump’s personal lawyer and an executive of the Trump Organization was the one who revealed the alleged payoffs during his congressional testimony last February 2019.