Two judicial investigations, one criminal and one civil, have been opened in New York state for possible tax fraud by President Donald Trump and his companies and others linked to his family, which could have procured inappropriate deductions for the president, he indicated this Thursday exclusively the newspaper The New York Times.
Manhattan District Judge Cyrus R. Vance is investigating a possible criminal case, while State Attorney General Letitia James is investigating a civil case. Both investigations take place separately.
According to the newspaper, the origin of the investigations are consulting expenses worth more than $ 740,000 that Trump would have deducted through his businesses and that would have gone to a company in the name of his daughter and presidential adviser, Ivanka Trump.
Both judge and prosecutor have requested documentation from the Trump family business conglomerate, the Trump Organization, regarding these expenses, which could add to a list of judicial problems that the president will have to face once he leaves the White House in January.
Suspicions about Trump’s tax breaks and these two investigations come after The New York Times published at the end of September details of how the president had managed to avoid paying or paying very little taxes for years because he declared or carried losses in his personal businesses .
Among the expenses that allowed Trump to avoid paying the US treasury were deductions worth 26 million in business expenses with unidentified consultants.
“They are undermining the democratic election!” Shouted one of the journalists as President Donald Trump refused to acknowledge Joe Biden’s projected electoral victory.
In 2017, the statement indicated the deduction for consulting costs of $ 747,622, which exactly coincided with income in other documents declared by Ivanka Trump through a company in which she is a co-owner.
These expenses of the Trump Organization responded to projects in Hawaii and Vancouver, Canada, in which Ivanka Trump already works as a member of the family business.
The company targeted is the consultancy TTT Consulting, in which Ivanka Trump was a partner, allegedly along with other members of the Trump family, as the name seems to suggest.
Trump’s children have described the judicial investigations in the family businesses as political revenge, while the Trump Organization assures that they have not incurred any type of malpractice in hiring consulting services.