The investigation includes scrutiny of Trump’s relationship with his lenders; a land donation he made to qualify for an income tax deduction; and tax write-offs his company claimed on millions of dollars in consulting fees it paid.
The new grand jury could eventually be asked to consider returning indictments. While working on that case, it also will be hearing other matters. The Post reported that the grand jury will meet three days a week for six months.
Trump contends the investigation is a “witch hunt.”
“This is purely political, and an affront to the almost 75 million voters who supported me in the Presidential Election, and it’s being driven by highly partisan Democrat prosecutors,” Trump said in a statement.
Vance’s office declined to comment.
The new grand jury is the latest sign of increasing momentum in the criminal investigation into the Republican ex-president and his company, the Trump Organization.
Attorney General Letitia James said last week that she assigned two lawyers to work with Vance’s office on the probe after her civil investigation into Trump evolved into a criminal matter.