How New York Cleared a Path for Congress to Get Trump’s Tax Returns – The New York Times
Remind me: Why does anybody care about Mr. Trump’s finances?
Mr. Trump rode to office, in part, by arguing that his business acumen made him qualified for the job. But in 2016, he became the first president in decades to not publicly disclose his tax returns. Mr. Trump’s aides are now fighting efforts to obtain them.
In 2018, a Times investigation of Mr. Trump’s business records found that he had engaged in outright fraud, potentially denying New York coffers millions in tax revenue. Tax information later showed that he had lost more than $1 billion in a decade.
And his former personal lawyer, Michael Cohen, told Congress that Mr. Trump pursued a business deal in Russia during the presidential campaign.
Also, there may be penalties for providing false or misleading information on tax returns.
Speaking of Mr. Trump’s connection to New York …
Michael Avenatti, the celebrity lawyer, was charged by federal prosecutors in Manhattan yesterday with misappropriating thousands of dollars belonging to one of his clients, Stormy Daniels, the pornographic film star who claimed she had an extramarital affair with Mr. Trump.
Mr. Avenatti has denied any wrongdoing.
From my colleague Rebecca Ruiz:
According to prosecutors, Mr. Avenatti took more than $295,000 from Ms. Daniels. After helping her secure a book contract, they said, he sent “a fraudulent and unauthorized letter” bearing Ms. Daniels’s signature to her literary agent, instructing the agent to wire a portion of the book advance to a client trust account that Mr. Avenatti controlled.