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Trump’s lender Deutsche Bank subpoenaed by NYC prosecutors, hands over documents, report says

  • August 06, 2020

Prosecutors in New York have subpoenaed President Donald Trump‘s financial records from his longtime lender Deutsche Bank in a criminal probe, according to a report.

The Manhattan District Attorney’s office last year issued the subpoena for the records, The New York Times reported Wednesday, citing four people familiar with the inquiry. The move suggests the inquiry into Trump’s business practices is broader than previously known, the Times said. 

Deutsche Bank complied with the subpoena, supplying the DA Cyrus Vance Jr.’s office with financial statements and other records Trump and the Trump Organization had given the bank when he was seeking loans, two people familiar with the inquiry told the Times.

Deutsche Bank declined CNBC’s request for comment. The DA’s office did not immediately respond to a request for comment.

Vance himself revealed as recently as this week that his office could be investigating Trump and the Trump Organization for possible insurance and bank fraud.

Vance’s office is also seeking Trump’s financial records from the accounting firm Mazars USA as part of a probe into how the Trump Organization accounted for a hush-money payment to porn star,Stormy Daniels, who says she had sex with Trump years ago. Trump has denied having sex with Daniels.

Late last month, Trump’s lawyers filed a new effort to block the Manhattan DA from obtaining his tax records. The lawsuit came after the U.S. Supreme Court ruled that Trump as president did not have unqualified immunity, as his lawyers had argued, against a state prosecutor seeking his records as part of a criminal probe.

Article source: https://www.cnbc.com/2020/08/06/trumps-lender-deutsche-bank-reportedly-subpoenaed-by-ny-prosecutors.html

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