Weeks after leaving office, Trump loses big lawsuit over his tax returns, may face trial

Weeks after leaving office, Trump loses big lawsuit over his tax returns, may face trial

- Former president Trump has lost a legal bid to shield his financial documents from being subjected to investigations

- The US Supreme Court in a new ruling cleared the way for a New York prosecutor to obtain the former president's tax returns

- The ruling has paved the way for investigations into Trump's alleged hush-money payments and other issues

PAY ATTENTION: Join Legit.ng Telegram channel! Never miss important updates!

The former president of the United States, Donald Trump, has lost a bid to protect documents detailing his tax returns from prosecutors.

CNN reports that the US Supreme Court has issued a verdict that cleared the way for a New York prosecutor to obtain Trump's tax returns.

Legit.ng gathers that Trump had fiercely put up a strong legal battle to protect his financial papers from prosecutors.

Former US president Trump loses big lawsuit over his tax returns, may face trial

US President Donald Trump speaks to the media before boarding Marine One as he departs the White House in Washington, DC, on January 20, 2021. Photo credit: MANDEL NGAN/AFP
Source: Getty Images

It is gathered that with the Supreme Court's ruling, Trump's financial documents will be subject to grand jury secrecy rules that restrict their public release.

Nigeria tops global list of cryptocurrency-using countries, says World Economic Forum

Also, with the ruling also, the investigation into Trump's alleged hush-money payments and other issues will no longer be hampered by any legal restriction.

Trump's financial documents under investigation reportedly span from January 2011 to August 2019, including his tax returns.

The documents relate to the Trump Organization's employment of ex-President Trump's former lawyer, Michael Cohen and a hush-money payment the lawyer allegedly made to two women who claimed to have had extramarital affairs with Trump.

Earlier, Legit.ng reported that a former aspect of Trump's massive real estate portfolio was demolished recently.

On Wednesday, February 17, the Trump Plaza Hotel and Casino located in Atlantic City, New Jersey was imploded after being unused since 2014.

The plaza which was opened in 1984 used to be the spot where countless parties were hosted for Hollywood stars and sportspeople before it finally closed its doors in 2014.

Man sentenced to life imprisonment for stealing N3430 in 1982, still in prison after 38 years, seeks help

PAY ATTENTION: Install our latest app for Android, read the best news on Nigeria’s #1 news app

In other news, Trump has reacted to his acquittal by the Senate late on Saturday, February 13.

The immediate past American leader celebrated his second-time victory in a Senate trial. He thanked all those who stood by him during the trial as well as his lawyers and millions of supporters.

********

Nurudeen Lawal is a Legit.ng journalist passionate about fact-checking/verification journalism. He holds a Bachelor of Arts degree in Literature-in-English from Obafemi Awolowo University, Ile-Ife, Osun State. As Politics Editor, Nurudeen mostly writes on Nigeria’s political and socio-economic developments. He has attended different workshops, conferences and training on fact-checking and digital reporting, among others. Learn more about him on Twitter, @Nurudeen Lawal_

Source: Legit

Online view pixel