New York hearing on Trump finances ends with no charges against the former president

New York hearing on Trump finances ends with no charges against the former president

A grand jury hearing evidence in the Manhattan district attorney’s investigation into the Trump Organization’s finances will reportedly not be extended when its term expires at the end of the week.

Manhattan District Attorney Alvin Bragg has previously denied speculation that his office was about to drop its high-profile investigation into the former president, but this development suggests that no charges will be made against Donald Trump.

The grand jury was convened in November with a mandate to hear evidence against the former president. But the decision on whether to finish the presentation and ask the panel to vote on charges would ultimately fall on Bragg, who decided to pause the process, according to people with knowledge of the situation. They agreed to speak on the condition of anonymity.

The sources said one point of concern was whether former Trump fixer Michael Cohen should be used as a witness.

Bragg has stated on a previous occasion that his investigation could always present fresh evidence to a future grand jury. “There’s no magic in any previously reported schedule,” he told CNN this month. “This investigation is going to be dictated by the facts we unearth.”

Mark Pomerantz, 70, who is a top deputy who had been tasked with running the investigation daily, used his resignation letter to state that he believed Trump was guilty of several felonies.

“His financial statements were false, and he has a long history of fabricating information relating to his personal finances and lying about his assets to banks, the national media, counterparties, and many others, including the American people,” he wrote in the letter obtained by the New York Times.

“The team that has been investigating Mr. Trump harbors no doubt about whether he committed crimes, he did.” Pomerantz added that it was a “a grave failure of justice” not to hold him accountable.

Lawyers in the office of New York Attorney General Letitia James (D-NY), who is a partner in the probe, are sceptical that any criminal case will be brought, people familiar with the situation said. They also spoke on the condition of anonymity because of the sensitivity of the matter. A spokeswoman for James said the investigation continues.

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