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Prosecutors Leading Manhattan DA’s Fraud Inquiry Into Trump Org Abruptly Resign

Prosecutors Leading Manhattan DA’s Fraud Inquiry Into Trump Org Abruptly Resign

The New York Times is reporting that the two prosecutors leading the Manhattan district attorney’s investigation into Donald Trump and his business practices abruptly resigned on Wednesday amid a monthlong pause in their presentation of evidence to a grand jury, according to people with knowledge of the matter. The unexpected development comes not long after the high-stakes inquiry appeared to be gaining momentum, and throws its future into serious doubt.

The prosecutors, Carey R. Dunne and Mark F. Pomerantz, submitted their resignations after the new Manhattan district attorney, Alvin Bragg, indicated to them that he had doubts about moving forward with a case against Trump. The resignations, following a month-long pause in the inquiry, mark a reversal after the investigation had recently intensified. Cyrus R. Vance Jr., Bragg’s predecessor, had convened the grand jury in the fall, and prosecutors began questioning witnesses before his term concluded at the end of the year. (Vance did not seek re-election.)

[US President-elect Donald Trump along with his son Donald, Jr., arrive for a press conference at Trump Tower in New York, as Allen Weisselberg (C), Trump Org CEO looks on. Photo credit: TIMOTHY A. CLARY/AFP via Getty Images]
Without Bragg’s willingness to move forward, the prosecutors late last month postponed a plan to question at least one witness before the grand jury. They have not questioned any witnesses in front of the grand jury for more than a month, essentially pausing their investigation into whether Trump inflated the value of his assets to obtain favorable loan terms from banks. Pomerantz confirmed in a brief interview with the Times that he had resigned, but declined to elaborate. The paper was unable to get a comment from Dunne.

The surprising news coincides with an escalation in the activity of a separate civil inquiry by the New York state attorney general, Letitia James, whose office is examining some of the same conduct by Trump. James received approval from a judge to question Trump, Ivanka Trump, and Donald Trump, Jr under oath and has filed court documents describing a number of ways in which the Trump Organization appeared to have misrepresented the value of its properties. AG James concluded that the company had engaged in “fraudulent or misleading” practices, and although she lacks the authority to criminally charge Trump, she could sue him.

Even with the announcement from Mazars saying they were publicly splitting from Trump, the future of the investigation into the Trump Organization now remains uncertain.

 

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Read the full profile at the New York Times.

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