On Monday, The New York attorney general’s office issued subpoenas to Deutsche Bank and Investors Bank for records involving Donald Trump’s failed bid to buy the Buffalo Bills as well as other business dealings with the Trump Organization.
Spearheaded by the recently-elected Letitia James, the inquiry was prompted by the congressional testimony of Michael Cohen, who alleged that Trump purposely inflated his assets when applying for the loans from Deutsche Bank, the New York Times reported, citing an anonymous person who was briefed on the subpoenas.
The subpoena sent to Deutsche Bank seeks records on loans, mortgages, lines of credit, and financial transactions related to several of Trump’s properties as well as his attempt to buy the NFL’s Buffalo Bills in 2014.
The report said the subpoena also requests records from the New Jersey-based Investors Bank on Trump Park Avenue, which the bank reportedly backed.
Deutsche Bank is already under two separate congressional investigations.
According to the NYT, Deutsche Bank is one of the few financial lenders that has been willing to work with Trump in recent years. A U.S. branch of the bank loaned Trump more than $100 million for the Doral golf resort in Florida in 2012, and then $170 for the Trump International Hotel in Washington, D.C. in 2015, the report said.
The inquiry is not a criminal investigation but the attorney general does have the power to dissolve a business in court should the office find evidence of illegality, according to The Times.
Neither the attorney general’s office nor the Trump Organization immediately responded to Fox News’ request for comment.
Letitia James, who was elected in November after succeeding acting attorney general Barbara Underwood, has made investigating Trump’s business dealings her only job. During her victory speech, she vowed to “be shining a bright light into every dark corner of his real estate dealings, and every dealing, demanding truthfulness at every turn.”
It’s the only platform she ran on and continues to run on. It’s beyond obsession at this point.
A month before taking office Letitia James told NBC: “We will use every area of the law to investigate President Trump and his business transactions and that of his family.”
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