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Manhattan prosecutor empanels second grand jury to probe Trump Organization’s property valuation tax avoidance scheme

Washington Post:  “The Manhattan District Attorney has convened a second long-term grand jury to hear evidence about the Trump Organization’s financial practices, and potentially to vote on criminal charges, according to people with knowledge of the matter.

“An earlier grand jury — convened this spring in Manhattan — previously handed down felony indictments against two Trump companies and Trump’s longtime chief financial officer Allen Weisselberg, charging them with tax evasion. It is unclear if that grand jury is still hearing evidence about the Trump Organization.  The new grand jury was seated last week, and is expected to meet three days a week over six months, people familiar with the matter said. It was expected to hear evidence on Thursday, meeting in Manhattan’s Surrogate’s Court — usually a forum for disputes over the estates of the deceased — because the criminal court buildings are jammed with a rush of post-pandemic trials.

“One person familiar with the matter said the second grand jury was expected to examine how former president Donald Trump’s company valued its assets.  That appears to be a separate issue than the one described in indictments from the first grand jury, which has dealt with allegations that Weisselberg and other Trump executives evaded taxes on their pay by systematically hiding some of their compensation from the IRS. Both Weisselberg and the two companies have pleaded not guilty.  The second grand jury’s term indicates that it could outlast District Attorney Cyrus R. Vance Jr. (D) — who leaves office at year’s end — and extend into the term of newly elected District Attorney Alvin Bragg (D).”

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