NYS investigating Trump projects, including failed bid for Buffalo Bills

14 March, 2019, 07:40 | Author: Donnie King
  • Letitia James

The New York Times reports James issued subpoenas to Deutsche Bank and Investors Bank on Monday for information on their financing of Trump's Bills bid and four Trump Organization projects.

During the testimony, Cohen alleged that President Donald Trump had inflated his financial assets in statements to Deutsche Bank.

The investigation's scope is not yet known at this time, additional reporting from Bloomberg noted. The subpoenas also are seeking records related to other transactions including Trump International Hotels in Chicago, Washington, D.C. and Florida. This comes after Michael Cohen claimed Trump inflated his assets in an effort to try and obtain a loan from Deutsche Bank for the purchase of the Buffalo Bills - a loan he didn't receive. Letitia James was recently elected to be New York's attorney general - and she campaigned explicitly on holding Trump legally accountable. A USA branch of the German bank loaned Trump more than $100 million for the Doral golf resort in Florida in 2012, and $170 million for the Trump International Hotel in Washington, D.C.in 2015. No wonder people are fleeing the State in record numbers.

This adds to Deutsche Bank's investigation woes, with two congressional probes and questions into money laundering that turned into a major raid on the company's Frankfurt, Germany headquarters in December 2018.




Investors Bank and the Trump Organization didn't immediately respond to requests for comment late Monday.

President Donald Trump has tweeted an apparent response to a NY investigation into his business empire, saying the state and Gov. Andrew Cuomo are now "proud members of the group of PRESIDENTIAL HARASSERS". In August, referring to the investigation by the special counsel, Robert Mueller, into Russian interference in the 2016 election, she said, "The president of the United States has to worry about three things: Mueller, Cohen, and Tish James". Trump has referred to him as "sleazebag AG Eric Schneiderman" and "Shady Eric".

Mr. Trump was also previously caught in litigation with the bank over outstanding balances on construction loans.

Deutsche Bank was Trump's go-to lender for decades, even as other commercial banks stopped doing business with him because of multiple bankruptcies.

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