The Supreme Court is hearing arguments now on the Donald J. Trump v. Cyrus Vance case. The case concerns Trump's broad claims of immunity, in a dispute arising from a New York prosecutor's subpoena to Trump's accounting firm for his tax returns and other financial documents.
The Manhattan District Attorney's office issued grand jury subpoenas to Trump’s accounting firm, Mazars USA, and Deutsche Bank and Capital One seeking eight years of financial documents and work papers from Trump, his family and the Trump Organization.
Some context: The DA's office is investigating whether the president and the Trump Organization violated state laws in several different ways. The DA is looking at hush money payments made to women alleging affairs with Trump and whether business records filed with the state were falsified and if any tax laws were violated, according to people familiar with the investigation.
The criminal investigation goes beyond those payments, according to prosecutors, who redacted several paragraphs in court filings describing the scope of the inquiry.
According to people familiar with the investigation, prosecutors are also exploring whether the Trump Organization, and any of its officers, mislead tax authorities and lenders about their business. Trump ran the family business until he was sworn into office. Then Trump transferred the leadership to his two sons Donald Trump Jr and Eric Trump.