Trump blasts Cuomo over subpoena of Trump Organization

Minnie Murray
March 14, 2019

The New York attorney general's office sent out a wide swath of subpoena requests to lenders associated with the Trump Organization, the business formally owned by President Donald Trump and supposedly managed by his family, late on Monday.

Deutsche Bank has been one of the few major banks willing to regularly lend to Trump, whose past financial troubles scared off large NY banks. The office of the attorney general, Letitia James, is conducting a civil - rather than criminal - investigation, and its scope is unclear, according to the Times.

The documents sought would cover loan applications, mortgages, and lines of credit for Trump International Hotel in Washington, D.C., Trump National Doral near Miami; and Trump International Hotel and Tower in Chicago. Trump's former personal lawyer Michael Cohen sparked several investigations into the president after he testified before Congress.

CNN has reached out to the NY attorney general's office and Investors Bank. The attorney general has broad authority under state law to investigate fraud and can fine - or in extreme cases, go to court to try to dissolve - a business that is found to have engaged in repeated illegality. In order to get to the bottom of those claims, Schiff said his committee panel would talk with some of the banks that did business with Mr. Trump, including Deutsche Bank, which he says has had a "history of laundering Russian money". No wonder people are fleeing the State in record numbers.

Deutsche Bank declined to comment on the report.

Investors Bank, based in New Jersey, "was subpoenaed for records relating to Trump Park Avenue" in Manhattan, the Times said.

"I will be shining a bright light into every dark corner of his real estate dealings, and every dealing, demanding truthfulness at every turn", she said in her election victory speech in November, according to the Times.

The decision followed a lawsuit in which investigators alleged that he used the institution to advance his 2016 presidential campaign and businesses. Trump has referred to him as "sleazebag AG Eric Schneiderman" and "Shady Eric". Cohen also said Trump inflated his assets to show how wealthy he was and deflated them to help lower his real estate taxes, particularly on golf courses.

The committees' top Democrats have been interested in Deutsche Bank because it's one of the few big banks willing to lend to the Trump Organization.

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