The NYC investigation of former President Donald Trump was shelved after Alvin Bragg replaced Cyrus Vance as Manhattan District Attorney.
The investigation has no legal basis, based on information Fox News Digital claims it received from a knowledgeable source.
The source told Fox that President Trump did not inflate his financial statements, as prosecutors had believed. In fact, he appears to have undervalued his assets.
The source further said Trump never defaulted on payments to banks, adding his statement of financial condition included caveats that “refuted” claims by the DA’s office.
Prosecutors Mark Pomerantz and Carey Dunne, who had been leading the investigation under Vance, resigned last month after Bragg began questioned pursuing the Trump case.
Pomerantz reportedly said in his resignation letter he disagreed with Bragg’s decision to indefinitely suspend the Trump investigation.
“I believe that your decision not to prosecute Donald Trump now, and on the existing record, is misguided and completely contrary to the public interest,” Pomerantz wrote. “I fear that your decision means that Mr. Trump will not be held fully accountable for his crimes.” Pomerantz added he worked too hard and long as a lawyer to become a passive participant in what he called “a grave failure of justice”.
“I therefore resign from my position as a Special Assistant District Attorney, effective immediately.”
One source whom Fox said was familiar with the investigation claimed Trump’s case was political, fueled by the former president’s political enemies, adding Pomerantz “shouldn’t have been in the DA’s office in the first place.”
Pomerantz was of counsel at New York law firm Paul, Weiss, Rifkind, Wharton & Garrison before joining Vance’s office. He reportedly took a leave of absence to join the DA’s office to investigate Trump’s financial dealings.
Senate Majority Leader Chuck Schumer’s brother, Robert Schumer, is a partner at the firm.
Pomerantz donated to Hillary Clinton’s 2016 presidential campaign.
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