New York attorney general investigates Trump business deals

New York attorney general investigates Trump business deals

The New York Times was first to report on the subpoenas.

Congressional Democrats, the Southern District of NY, and Special Counsel Robert Mueller all have their eyes on President Donald Trump.

"New York State and its Governor, Andrew Cuomo, are now proud members of the group of PRESIDENTIAL HARASSERS", Trump wrote on Twitter, alluding to the subpoena from AG Letitia James.

The Deutsche Bank subpoenas apply to mortgages, loan applications, lines of credit and other financing related to projects in Washington, the Miami area and Chicago, as well as records about Trump's bid to buy the Bills, the person tells the paper.

The New York attorney general issued subpoenas for Deutsche Bank records relating to funding for several Trump Organization projects, according to The New York Times. He suggested Trump committed loan fraud by submitting inflated financial statements, including to Deutsche Bank to get a loan when he was trying to buy the Bills. Messages left with New Jersey-based Investors Bank and the Trump Organization were not immediately returned. The company's investment bank broke ties with Trump after the financial crisis, after he had a loan default and sued the bank, according to the news service.

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James's office subpoenaed Investors Bank for documents on the financing of Trump Park Avenue in NY, according to the paper. A Hong Kong-based representative for Deutsche Bank was unable to provide an immediate comment Tuesday.

James and Cuomo are Democrats.

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.

Deutsche Bank has lent Trump Organization hundreds of millions of dollars for real estate ventures and is one of the few major lenders that has given large amounts of credit to Trump after a string of bankruptcies at his hotel and casino businesses during the 1990s. 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.

Previously, a different NY state agency, which regulates insurance companies, launched an inquiry into Cohen's allegations that Trump also misled insurance companies about his financial worth.

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