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Photo: Brendan Smialowski/AFP

The Manhattan District Attorney's office suggested for the first time Monday that it's investigating President Trump and his company for "alleged bank and insurance fraud," the New York Times first reported.

The state of play: The disclosure was made in a filing in federal court that seeks to force accounting firm Mazars USA to comply with a subpoena for eight years of Trump's personal and corporate tax returns.

The big picture: The revelation comes less than a month after the Supreme Court paved the way for District Attorney Cy Vance's subpoena, ruling that presidents cannot be immune from investigation.

  • The filing suggests that Vance's investigation, which was believed to be examining hush money payments made by Trump's former fixer Michael Cohen during the 2016 election, is much broader in scope.
  • Trump and his lawyers have denied any wrongdoing.

What they're saying: "Plaintiff goes so far as to declare that these payments — and these payments alone — are what the 'grand jury claims to be investigating,' and thus the Mazars Subpoena is overbroad because it seeks documents dating back to 2011. But this Court is already aware that this assertion is fatally undermined by undisputed information in the public record," the district attorney's office writes in the filing.

  • "See Vance, 395 F. Supp. 3d at 300 (the Office's investigation may result in 'a favorable outcome ... substantially related to[,]" among other things, 'alleged insurance and bank fraud by the Trump Organization and its officers')."
  • "Although the Office bears no affirmative burden to justify the breadth of the Mazars Subpoena, and although Plaintiff is not entitled to know the scope and nature of the grand jury investigation, publicly available information itself establishes a satisfactory predicate for the Mazars Subpoena."

Worth noting: The filing points to three media reports about "possibly extensive and protracted criminal conduct at the Trump Organization" to support Vance's argument about the legitimacy of the subpoena.

  • Washington Post: How Donald Trump inflated his net worth to lenders and investors
  • Wall Street Journal: Michael Cohen Details Allegations of Trump’s Role in Hush-Money Scheme
  • Washington Post: After selling off his father’s properties, Trump embraced unorthodox strategies to expand his empire

Read the filing via DocumentCloud:

Go deeper

Former top GOP fundraiser Elliott Broidy charged for foreign lobbying

Elliot Broidy (R) with business executive Fred Sands (L). Photo: Stefanie Keenan/Getty Images for Pepperdine University

Elliott Broidy, the former deputy finance chairman of the Republican National Committee, appears set to plead guilty to conspiracy to act as an unregistered foreign agent by lobbying the Trump administration to drop an investigation into the massive Malaysian embezzlement scheme 1MDB, according to a court filing.

Why it matters: Broidy is the latest 2016 Trump campaign associate to face criminal charges, joining former campaign chairman Paul Manafort, deputy chairman Rick Gates, chief executive Steve Bannon, adviser Michael Flynn, outside adviser Roger Stone and fellow deputy finance chairman Michael Cohen.

Meadows confirms Trump's tweets "declassifying" Russia documents were false

Photo: Tom Williams-Pool/Getty Images

White House Chief of Staff Mark Meadows confirmed in court on Tuesday that President Trump's tweets authorizing the disclosure of documents related to the Russia investigation and Hillary Clinton's emails "were not self-executing declassification orders," after a federal judge demanded that Trump be asked about his intentions.

Why it matters: BuzzFeed News reporter Jason Leopold cited the tweets in an emergency motion seeking to gain access to special counsel Robert Mueller's unredacted report as part of a Freedom of Information Act request. This is the first time Trump himself has indicated, according to Meadows, that his tweets are not official directives.

Woman who allegedly stole laptop from Pelosi's office to sell to Russia is arrested

Photo: FBI

A woman accused of breaching the Capitol and planning to sell to Russia a laptop or hard drive she allegedly stole from Speaker Nancy Pelosi's office was arrested in Pennsylvania's Middle District Monday, the Department of Justice said.

Driving the news: Riley June Williams, 22, is charged with illegally entering the Capitol as well as violent entry and disorderly conduct. She has not been charged over the laptop allegation and the case remains under investigation, per the DOJ.