Tuesday, December 3, 2019

Appeals Court Rules Deutsche Bank Must Turn Over Trump Financial Records to House


Deutsche Bank and Capital One must Comply with a House Subpoena seeking a Broad Range of Financial Documents related to President Trump and his Businesses, a Federal Appeals Court ruled on Tuesday.

A Three-Judge Panel of the Second Circuit Court of Appeals on Monday ruled 2-1 in Favor of Ordering "prompt compliance" with the Subpoenas from the House Financial Services and Intelligence Committees.

The Ruling is a Blow to the President's Efforts to Fight off All Congressional Oversight of his Business Dealings and Personal Finances.

The President’s Lawyer, Jay Sekulow, said in a Statement Tuesday that Trump’s Legal Team believes the Subpoena is “invalid as issued” and is Reviewing the Ruling to Determine next Steps, “including seeking review at the Supreme Court.”

The president’s lawyer Jay Sekulow said in a statement Tuesday that Trump’s legal team believes the subpoena is “invalid as issued” and is reviewing the ruling to determine next steps, “including seeking review at the Supreme Court.”

Trump’s Company has taken out about $364 Million in Loans from Deutsche Bank since 2012, according to Public Filings. The Loans included Two Worth $125 Million to Buy and Renovate the Doral Golf Resort in Florida, a $170 Million Loan to Renovate Washington’s Old Post Office into a Trump Hotel, and a $69 Million Loan to Refinance an existing Trump Hotel in Chicago.

The Bank Principle handling these Loans committed Suicide recently.










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