Donald Trump, the United States President, plays golf at Trump National Golf Club, Sterling, Virginia, U.S.A, November 22, 2020. REUTERS / Hannah McKay
According to a Washington Post report, prosecutions are focused on high admission fees for Trump golf clubs.
Trump owns 15 golf courses all over the globe, some of which charge joining fees up to $350,000
The grand jury was convened by prosecutors to review new charges against Trump Organization.
Manhattan prosecutors are looking into Donald Trump's high fees for golf club memberships, The Washington Post reported. This is part of their investigation into Trump's business dealings.
The Post reported that Manhattan District Attorney's Office prosecutors had asked about the initiation fees and Trump's role setting them at his 15 courses across the globe.
Cyrus Vance Jr., Manhattan District Attorney, has been investigating the finances of Trump Organization for many years.
He is investigating whether the company's executives misrepresented its finances in order to obtain tax and loan benefits.
The Trump Organization's new interest in Trump's courses was sparked by the appointment of a second grand jury to review whether criminal charges should be brought against them.
It is not clear what role the fees of the golf clubs may have in the investigation. In the post, Trump frequently cited the initiation fee in statements he sent lenders.
According to The Washington Examiner, his West Palm Beach club near Mar-A-Lago resort saw his initiation fee increase from $150,000 in 2021 to $350,000.
According to a New York Times report, the former president lost over $300 million dollars in his golf courses during the past 20 years.
As shown in public filings, many of his courses continue to lose millions each year.
According to the Post, the new grand was due to begin hearing evidence this week.
Business Insider has the original article.
