Manhattan DA’s probe ramps up, placing new scrutiny on Trump’s debt-ridden New York properties

trump tower debt buildings
Banks have now placed three of the four of former President Donald Trump’s real estate holdings on debt “watch lists,” CBS News said.

  • The Manhattan DA probe into former President Donald Trump is heating up, Insider reported on Friday.
  • The investigation is placing new scrutiny on Trump’s commercial properties.
  • Banks have placed three of the former president’s buildings on debt “watch lists,” CBS News said.
  • See more stories on Insider’s business page.

As Manhattan District Attorney Cyrus Vance Jr.’s probe into former President Donald Trump steps up a gear, four of Trump’s New York properties have come under renewed scrutiny.

Trump Tower, Trump International Hotel and Tower, 40 Wall Street, and Trump Plaza have missed lenders’ earning projections for five consecutive years, CBS News reported.

Banks have now placed three of the four real estate holdings on debt “watch lists,” the media outlet said.

Mortgage-payment processors have flagged the loans tied to these three properties due to consistent financial underperformance, CBS said.

Wells Fargo and other banks have told investors that reduced incomes on these holdings, due partly to the COVID-19 pandemic, could result in the properties not generating enough money to cover their mortgage payments, CBS News reported.

In addition to presenting Trump with financial troubles, investigations into these properties could also pose legal challenges.

The Manhattan District Attorney’s office has subpoenaed a New York property tax agency as part of the broad criminal probe, Reuters reported. Prosecutors are looking for signs of possible fraud, the media outlet said.

While Vance’s sprawling probe’s exact scope is not known, court filings suggest that he could be looking into whether Trump and the Trump Organization violated New York laws by manipulating the values of these commercial properties for tax and loan purposes.

The wide-ranging investigation into whether Trump or his businesses violated state tax laws could be reaching its conclusion imminently, Insider reported on Friday.

John Dean, President Richard Nixon’s White House counsel who played a major role in the Watergate scandal, said on Twitter that Trump could be indicted in just a matter of days.

“From personal experience as a key witness, I assure you that you do not visit a prosecutor’s office 7 times if they are not planning to indict those about whom you have knowledge,” Dean’s tweet said.

This refers to Michael Cohen, Trump’s former personal attorney, meeting with prosecutors for the seventh time this week. His latest meeting lasted for over two hours, NBC News reported.

Cohen, who was sentenced to three years in prison after pleading guilty to several felonies, has previously testified to Congress about Trump’s alleged financial mismanagement. In the 2019 testimony, Cohen said that Trump had manipulated the value of assets “when it served his purposes.”

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Take a look inside billionaire lawyer David Boies’ California ranch, which includes 6 houses, 4 lakes, and is up for sale for $23 million

Diamond B house
  • Superlawyer David Boies is selling his California ranch for $23 million.
  • Boies is one of this generation’s best known lawyers, and he has represented Al Gore, Harvey Weinstein, and some of Jeffrey Epstein’s victims.
  • The 1,183 acre property, known as Diamond B, contains five houses, extensive vineyards, and four lakes.
  • The ranch, vineyard, and equestrian facilities, located in the Lower Lake area, can be operated commercially, estate agent Red Oak Realty said in the listing.
  • Take a look inside.
  • Visit Business Insider’s homepage for more stories.

Billionaire superlawyer David Boies, who has represented Al Gore, Harvey Weinstein, and some of Jeffrey Epstein’s victims, has listed his California ranch for $23 million.

Diamond B, as the property is known, contains five houses and extensive vineyards.

Located off the major wine corridor Highway 29 in the Lower Lake area, and two hours from San Francisco, the ranch spans about 1,183 acres and includes four lakes and a pool.

“It offers the ability to create an entirely off-the-grid, organic ecosystem employing the closed system biodynamic philosophy, and a rare opportunity to live safely and independently away from it all,” estate agent Red Oak Realty said in the listing.

The owners can “easily” operate the ranch, vineyard, and equestrian facilities commercially, it added, and there are potential locations to add a helicopter landing pad.

Boies is one of this generation’s best known lawyers. He represented Al Gore in the 2000 Bush v. Gore case, led the federal government’s antitrust case against Microsoft, and has fought for same-sex marriage rights. But he’s also represented some controversial clients, including Harvey Weinstein.

An investigation this year by Insider spoke to more than 50 people about a massive shakeup at his elite law firm Boies Schiller that saw more than 30 members of staff leave the company.

Their investigation uncovered pay rifts, a partner divide, and a threat at the Ritz Carlton.

Read more: Elite law firm Boies Schiller just named 3 new managing partners, including lawyers who have represented Epstein accusers and Hunter Biden’s business partner

Diamond B spans around 1,183 acres in total …

Diamond B view

… including five houses.

Diamond B ranch

The main property is a traditional three-story log cabin.

Diamond B house

The interior is spacious …

Diamond B  interior

… and it has five bedrooms and five bathrooms.

Diamond B bedroom

Between the five properties, the ranch has 12 bedrooms.

Across the main property and four additional ranch homes, there is plenty of space to host and entertain guests.

Diamond B  lounge

The properties have stunning views across the ranch, too.

Diamond B balcony

The property is dominated by 18 acres of vineyards, and has permission to extend this to 58.

Diamond B wine

The ranch currently is home to 15 acres of Cabernet Sauvignon, and one each of Petit Verdot, Cabernet Franc, and Petit Sirah.

The site also includes an equestrian center with both indoor and outdoor riding facilities.

Diamond B house stables

The property has a covered 14-stall, cedar-lined mare barn and a covered indoor arena with stadium seating.

The site offers “everything a horse lover needs, plus the opportunity to host equestrian events and horse breeding operations,” Red Oak Realty said in the listing.

As well as horses, there’s plenty of space for cattle. The ranch currently has more than 30 Highland cattle.

Diamond B cattle

The property and its surrounding area is also full of wild turkey, boar, quail, vultures, hawks, deer, coyote, and mountain lions and bears, Red Oak Realty says.

The property also includes four lakes.

Diamond B lake

These are well stocked with catfish, black bass, minnows, and red ear sunfish, according to Red Oak Realty.

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Take a look inside Baltimore’s largest penthouse, a $15 million property that belonged to Tom Clancy and is now up for auction

Tom Clancy
  • Tom Clancy’s former Baltimore penthouse is up for auction.
  • The four-bed waterfront property is located in the Ritz-Carlton Residences and has views over the harbor, as well as the city.
  • It has two offices, a private gym, six balconies, and access to a shared pool and meditation gardens.
  • Photos show just how luxurious the property is.
  • Visit Business Insider’s homepage for more stories.

A penthouse that was custom-designed for author Tom Clancy for $15 million has been put up for auction.

The open plan penthouse is located in the Ritz-Carlton Residences in the Inner Harbor area of Baltimore, Maryland, and has 10-foot ceilings throughout.

It also comes with five parking spaces, including valet parking services, and an elevator that takes you from the garage right inside the penthouse.

Elite Auctions described it as “the most impressive and opulent home in Baltimore.”

The penthouse is located in Maryland’s Ritz-Carlton Residences.

Tom Clancy

The 12,000 square foot penthouse was specially made for Clancy in 2010 by combining three individual penthouses, making it the largest penthouse in the city.

It cost $12 million for the three properties, and he spent a further $3 million refurbishing it.

It sits right on the waterfront by the Inner Harbor.

Tom Clancy

Its prime location means the property has views over the harbor and the downtown city skyline.

Clancy designed the property for entertaining. It features multiple generous living spaces so you can host guests.

Tom Clancy

The design is “inspiring and exceptionally modern,” Elite Auctions says.

Tom Clancy

The lighting, window shades, and in-home audio can all be controlled via an app, too.

Tom Clancy

The master bedroom has not just one but two en-suites, as well as enclosed and walk-in closets and dressing areas.

Tom Clancy

The property has four bedrooms in total …

Tom Clancy

… and six full- and one-half bath.

Tom Clancy

The penthouse comes with access to the Ritz-Carlton’s shared pool …

Tom Clancy

… but you can also work out in private in your own gym.

Tom Clancy

After exercising, you can watch a movie in the penthouse’s spacious home theater room.

Tom Clancy

The property also includes two offices …

Tom Clancy

… and one leads out onto a large terrace with harbor and city views.

Tom Clancy

But that isn’t the only terrace: The property has four balconies and two corner terraces in total.

Tom Clancy

If that’s not enough outdoor space for you, the property also comes with access to the Ritz-Carlton’s two acres of waterfront gardens with fountains. The complex also features a luxurious meditation garden.

Tom Clancy

Other services offered by the residences include: 24/7 front desk attendants, free valet parking for residents and guests, dry cleaning pickup and delivery, available maid service, and porters to deliver groceries and packages.

Tom Clancy
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