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New York attorney general subpoenas Deutsche Bank for information related to loans to Trump, signaling new inquiry
Posted by: Speedy
Date: March 12, 2019 05:57PM
[www.washingtonpost.com]

The New York attorney general has subpoenaed records from Deutsche Bank related to three large loans the bank extended to President Trump’s company in recent years — and a fourth loan that Trump sought to buy the NFL’s Buffalo Bills, according to two people familiar with the subpoenas.

Those subpoenas signal a significant new inquiry by state regulators into the Trump Organization’s financing.

The subpoena follows congressional testimony by Michael Cohen — Trump’s former lawyer and longtime self-proclaimed “fixer” — that Trump inflated his net worth in documents he sent to Deutsche Bank while seeking loans.

The German bank also was crucial to Trump’s real estate business in the last few years before he ran for president, lending him more than $360 million since 2012. The loans let Trump buy new properties and refinance old ones, despite his history of corporate bankruptcies and disputes with lenders.

In all cases, the loans came not from Deutsche Bank’s main commercial lending division, but rather from a smaller office of the bank that manages money for high-net-worth clients.

Deutsche Bank had already received requests for documents from the House’s Financial Services and Intelligence committees. This new inquiry seems to signal that New York Attorney General Letitia James (D) is investigating the same loans.



Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.
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Re: New York attorney general subpoenas Deutsche Bank for information related to loans to Trump, signaling new inquiry
Posted by: $tevie
Date: March 12, 2019 06:08PM
This Deutsche Bank stuff is going to hurt the whole Trumpino family.



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Re: New York attorney general subpoenas Deutsche Bank for information related to loans to Trump, signaling new inquiry
Posted by: steve...
Date: March 12, 2019 09:45PM
Wouldn't mind if something turns up on Jared also.




Northern California Coast
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Re: New York attorney general subpoenas Deutsche Bank for information related to loans to Trump, signaling new inquiry
Posted by: SteveO
Date: March 13, 2019 02:55AM
It will all be very interesting...following the money usually is.
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