‘Here is Cyrus Vance’s moment’: Trump’s new legal nemesis
New York prosecutor is at the helm of a criminal probe that could have dire consequences for the Trump family
Among the many challenges facing Donald Trump in his post-presidential life — from reviving a sputtering business empire to fending off impeachment and restoring lustre to his brand — the most grave may be Cyrus Vance.
Vance, the Manhattan district attorney, is pursuing what is the only known criminal investigation into Trump and The Trump Organisation. The probe began in 2018 in response to reports the president’s former lawyer and fixer, Michael Cohen, had arranged hush money payments for two women who claimed to have had extramarital affairs with Trump. Cohen subsequently pleaded guilty to criminal charges stemming from the pay-offs.
Vance’s investigation has since broadened. According to recent court filings, the DA is now exploring possible banking, tax and insurance-related fraud committed by The Trump Organisation. One possibility under examination is whether Trump inflated the value of his properties for some purposes — say, securing a bank loan or insurance — while minimising them when it came to paying taxes. When Cohen testified before Congress in 2019, he accused the president of doing so routinely...