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Doubts about Trump's financial activity ... and newspaper: Manhattan and New York prosecutors unite against the former president

Manhattan's attorney general set up a grand jury to monitor forensic evidence against former US President Donald Trump, the Trump organization, and his chief executives, to decide whether to issue indictments in connection with Trump's financial activity, according to the Washington Post.

According to the newspaper report, the Manhattan Attorney General's office C.Vance, Jr. was investigating a range of potential financial misconduct, including criminal fraud.

The grand jury is the latest sign of the acceleration of the Vance investigation, which is unfolding alongside an overlapping investigation by the New York attorney general and their offices are now coordinating the effort.

According to the report, the grand jury, which will meet three days a week for a period of 6 months, is expected to hear many legal issues, in addition to possible evidence of suspicious financial activity linked to the former president and Trump's organization.

One theory is that the company inflated the value of its assets to obtain more favorable terms for bank loans, insurance, and tax exemptions and reduced the value to reduce the amount owed in property taxes.

Investigators are also looking into possible tax fraud related to Seven Springs, a New York property owned by the Trump Organization, as well as payments to actress Stormy Daniels who says she had an affair with Trump, which he denies.

Another prosecutor is pursuing another angle: whether Trump's actions have given employee benefits rather than higher salaries as a way to reduce the tax burden on company payroll.

Grand juries are tasked with examining evidence to determine if there is a probable cause to charge an official person or entity with a crime. They can also serve as effective investigation tools for prosecutors, with the ability to issue subpoenas for documents or compel testimony.