Manhattan District Attorney Cyrus Vance brought on FTI Consulting final yr as half of his workplace’s wide-ranging investigation into attainable insurance coverage fraud, fraud involving lenders, and tax fraud.
Prosecutors typically retain specialists in accounting, cash laundering and tax for sophisticated monetary investigations. Vance’s workplace has additionally recruited Mark Pomerantz, a well-respected lawyer who has deep expertise in advanced white-collar probes.
Representatives for the district lawyer declined to remark. A spokesman for FTI and Magionos didn’t reply to requests for remark.
Magionos, a licensed fraud examiner and accountant, spent 9 years on the FBI the place she labored in its worldwide corruption squad in Washington, DC. She was detailed to the Mueller investigation and traced Manafort’s property throughout 4 nations. Manafort was charged with a number of counts of financial institution fraud, failing to report international financial institution accounts, and submitting false tax returns, amongst different crimes.
At Manafort’s trial, Magionos testified that she uncovered a number of international financial institution accounts linked to Manafort and traced $15 million in transfers that Manafort used to fund his private way of life, together with an ostrich-skin jacket and landscaping providers for his residence in the Hamptons. Manafort was convicted on eight counts and later pleaded responsible to different expenses. Trump pardoned Manafort earlier this yr.
Before becoming a member of the FBI, Magionos was a senior auditor at Deloitte. She graduated from the Manhattan School of Music with a level in music in cello efficiency. Magionos left the FBI in 2019 for FTI.
Manhattan prosecutors are combing by way of hundreds of thousands of pages of paperwork, together with Trump’s tax returns, which they obtained in February after the US Supreme Court blocked Trump’s try to cease a subpoena to his long-time accounting agency.
Prosecutors are trying into whether or not the Trump Organization misled lenders and insurance coverage firms concerning the worth of properties and paid acceptable taxes. The investigation encompasses Trump Tower, the household property often known as Seven Springs, its Chicago resort and apartment tower, in addition to the hush cash funds made to silence Stormy Daniels, the grownup movie star who alleges an affair with Trump. Trump has denied the affair.
Fischetti joins the Trump group the place he’ll work intently with Alan Futerfas, who has represented the Trump Organization because the particular counsel investigation.
“I have worked with Ron Fischetti for decades in large and complicated cases and he is simply one of the finest lawyers out there — full stop. We are lucky to have him,” Futerfas instructed NCS. Futerfas declined to touch upon Magionos.
Futerfas and Fischetti in the Nineties represented two people charged in an alleged mafia-linked garbage-carting case. Multiple defendants had been charged in the case however solely their two went to trial, which lasted 9 months. Prosecutors had recordings of the defendants, who had been convicted.
Fischetti, who labored with Pomerantz for about eight years the place they tried at the very least one case collectively, mentioned of his former regulation associate, “He’s a professional and excellent lawyer.”
“There’s a lot of work to do here. I’m really happy to be on board,” Fischetti instructed NCS.
“It’s going to heat up. They didn’t bring me in to just do subpoenas,” he mentioned.