The New York Attorney General’s Office issued Subpoenas to Deutsche Bank AG and Investors Bank for Records relating to the Financing of Trump Organization Projects and an Unsuccessful effort to Buy the Buffalo Bills Football team.
The Inquiry by the Office of Attorney General Letitia James is a Civil Investigation, Not a Criminal one, although its Focus and Scope were unclear.
The Request to Deutsche Bank sought Loan Applications, Mortgages, Lines of Credit and other Financing Transactions in Connection with the Trump International Hotel in Washington, the Trump National Doral outside Miami, and the Trump International Hotel and Tower in Chicago.
The New line of inquiry was prompted by Congressional Testimony last month by Trump’s former Lawyer Michael Cohen.
Cohen told a Congressional Committee that Trump gave False Financial Statements to Deutsche Bank to support his Failed Attempt to Buy the Bills, which were Sold to another bidder. 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.
He has been doing this for a long time in the U.S. and Internationally.
Deutsche Bank was Trump’s go-to Lender for Decades, even as other Commercial Banks stopped doing Business with him because of Multiple Bankruptcies.
Although the German Lender’s Investment Bank had severed Ties with Trump during the Financial Crisis after he Defaulted on a Loan and then Sued the Bank, its Wealth Management Unit continued to Extend him Credit.
NYC Wins When Everyone Can Vote! Michael H. Drucker
No comments:
Post a Comment