"The New York City Tax Commission has received a subpoena from the Manhattan District Attorney regarding Trump Organization properties," Laura Feyer, a spokesperson for the New York City Mayor, which also speaks on behalf of the property tax agency's office, told CNN. The Manhattan District Attorney Cy Vance's office declined to comment. CNN has reached out to the Trump Organization for comment. Vance's office is investigating whether the Trump Organization violated any state laws, including insurance fraud or tax fraud. His team of prosecutors are looking into what the Trump Organization told lenders and tax authorities about the value of its assets and the legality of tax deductions, including from conservation easements and consulting fees the company took.

Source: CNN February 20, 2021 19:41 UTC