https://www.nationalreview.com/corner/trump-loses-another-round-to-manhattan-da/
A quick update on developments in Manhattan District attorney Cyrus Vance’s investigation, in which the DA has subpoenaed years of President Trump’s financial records (including tax information) from his accountant, Mazars.
The DA’s office has just agreed to forbear from any effort to enforce the subpoena until after the Second Circuit federal appeals court has a chance to review the president’s motion to stay the latest ruling he just lost. At the end of last week, Judge Victor Marrero of the Southern District of New York (SDNY) issued a lengthy opinion denying Trump’s motion to quash the subpoena.
Before I go on with that, let’s back up to how we got here, because I believe the DA’s grand jury investigation has been widely misinterpreted.
The common assumption has been that Vance is focused on the hush money payments to the two women who claim to have had trysts with Donald Trump about a decade before he ran for office. Of these, the Stephanie Clifford (a.k.a Stormy Daniels) transaction would presumably be of more interest to the DA because it more directly involves the Trump Organization. On that deal, Michael Cohen (the now-convicted former lawyer and self-described “fixer” for Trump) laid out the payment and was reimbursed by the Trump Organization, and there are questions about whether the business properly accounted for the payments under New York law.
To be clear, I am not saying a crime was committed — I have no idea. I am just saying the DA’s interest in and jurisdiction over that transaction is easy to grasp. By contrast, the Karen McDougal transaction involved the purchase of her story by American Media Inc. (owner of National Enquirer), with no reimbursement by the president or his business conglomerate.