NY prosecutors subpoena Trump’s bank for criminal investigation
Deutsche Bank was subpoenaed last year in an effort to obtain financial records provided by the Trump Organization to the lender in the 1990s
The Manhattan district attorney has subpoenaed President Donald Trump’s long time bank. Their investigation is the center of the Supreme Court ruling that Trump must release his tax information.
Last month, the Supreme Court upheld a ruling that the prosecutor has the right to seek the president’s personal and corporate tax returns.
Deutsche Bank was subpoenaed last year in an effort to obtain financial records provided by the Trump Organization to the lender in the 1990s.
The criminal investigation had initially been focused on hush-money payments to two women in 2016. However, it has expanded to possible “extensive and protracted criminal conduct at the Trump Organization.”
The filing is the first instance of a criminal inquiry involving Trump and his bank. The president’s bank, prosecutors allege, has lent him more than $2 billion over the past 20 years.
According to the New York Times, Deutsche Bank has complied with the subpoena. The paper uncovered that over a number of months last year, the bank provided financial statements and other documents that the Trump Organization gave them to secure their loans.
The Times notes that “the subpoena to Deutsche Bank sought documents on various topics related to Mr. Trump and his company, including any materials that might point to possible fraud, according to two people briefed on the subpoena’s contents.”
The Manhattan District attorneys office had previously said that “the probe is expansive.” On Monday, Cy Vance, the DA notes, “there were public allegations of possible criminal activity at the New York County-based Trump Organization dating back over a decade.”
The president has called the investigation a “continuation of the witch hunt.”
“It’s Democrat stuff,” Trump said during Monday’s press briefing. “They failed with Mueller. They failed with everything.”
The investigation is still in its early stages.
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