Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Manhattan DA interviewed employees at Trump's bank and insurer in criminal probe

Manhattan DA interviewed employees at Trump's bank and insurer in criminal probe

Investigators with the Manhattan district attorney's office have interviewed several employees at President Donald Trump's lender and insurer in recent weeks as part of a wide-ranging investigation into the Trump Organization, according to multiple people familiar with the investigation.
Two employees of Deutsche Bank, which has loaned more than $300 million to the Trump Organization, were interviewed by prosecutors, according to sources familiar with the matter.

The interviews took place after the November presidential election, the people said, and focused on general questions about how bankers assess loans and underwriting criteria.

The questioning was not specific to the bank's dealing with the Trump Organization or the President, the people said, with one person adding that it was the beginning of the process. Additional interviews are expected in the near future, they said.

Prosecutors also interviewed at least one employee at Aon, an insurance broker who has done work with the President's company, according to one source familiar with the matter.

A spokeswoman for Aon confirmed the company received a subpoena and said it is cooperating with the investigation. The spokeswoman declined to comment on any employee interviews. Representatives for Deutsche Bank and the district attorney's office, led by Cyrus Vance, also declined to comment.

Deutsche Bank was subpoenaed as part of the investigation last year and has said it cooperates with authorized investigations.

The New York Times first reported on the interviews with Deutsche Bank and Aon employees.

The interviews with Trump counterparties comes as prosecutors wait for a decision by the US Supreme Court over a grand jury subpoena for the President's tax returns. The President has lost several legal challenges in an attempt to block the subpoena to Mazars USA, his long-time accounting firm, for eight years of his personal and business records and tax returns.

Last month, the 2nd US Circuit Court of Appeals denied Trump's latest effort to block the subpoena paving the way for it to be enforced. The President's lawyers have asked the Supreme Court to stay, or halt, the ruling and a decision is expected any day.

The Mazars records are critical to the investigation, prosecutors have said. The Manhattan district attorney investigation is the only criminal inquiry facing Trump, his business and his family and will continue after he leaves office. Trump has had discussions about issuing pardons to his family members and possibly himself, CNN has reported, but those pardons would not insulate him from a state criminal indictment.

In court filings the district attorney's office has suggested the inquiry could involve tax fraud, insurance fraud and schemes to defraud its lenders. They also recently subpoenaed the Trump Organization for records relating to fees it has paid to consultants, including a payment made to a company controlled by the President's daughter, Ivanka Trump, according to people familiar with the matter.

The Trump Organization has denied any wrongdoing and said applicable taxes were paid.

Last year prosecutors with the district attorney's office interviewed Michael Cohen, the President's former personal attorney, at least three times about his knowledge of the Trump Organization's business dealings.

Cohen testified before Congress in February 2019 that the Trump Organization allegedly manipulated its financial statements to suit its desired outcomes. Cohen said Trump "deflated his assets to reduce his real estate taxes." And he alleged company officials would play with the financial numbers when dealing with insurance companies and Deutsche Bank.

Specifically, Cohen alleged the President inflated the value of his assets at times, including in 2014 when Trump submitted documents to Deutsche Bank as part of an attempt to bid for the Buffalo Bills football team. Trump never did the loan.

Cohen pleaded guilty to federal crimes, including campaign finance charges for facilitating hush-money payments to silence two woman's allegations of affairs with Trump. Trump has denied the affairs. Cohen is serving a three year prison sentence and was released to home confinement earlier this year due to the coronavirus pandemic.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Trump Called Viktor Orbán: "Why Are You Using the Veto"
Horror in the Skies: Plane Engine Exploded, Passengers Sent Farewell Messages
AI in Policing: Draft One Helps Speed Up Reports but Raises Legal and Ethical Concerns
Shame in Norway: Crown Princess’s Son Accused of Four Rapes
Apple Begins Simultaneous iPhone 17 Production in India and China
A Robot to Give Birth: The Chinese Announcement That Shakes the World
Finnish MP Dies by Suicide in Parliament Building
Outrage in the Tennis World After Jannik Sinner’s Withdrawal Storm
Class Action Lawsuit Against Volkswagen: Steering Wheel Switches Cause Accidents
UK Government Tries to Sue 4chan for Breaching Online Safety Act
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Cambridge Dictionary Adds 'Skibidi,' 'Delulu,' and 'Tradwife' Amid Surge of Online Slang
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
The CEO Who Replaced 80% of Employees for the AI Revolution: "I Would Do It Again"
"Every Centimeter of Your Body Is a Masterpiece": The Shocking Meta Document Revealed
Character.ai Bets on Future of AI Companionship
China Ramps Up Tax Crackdown on Overseas Investments
Japanese Office Furniture Maker Expands into Bomb Shelter Market
Intel Shares Surge on Possible U.S. Government Investment
Hurricane Erin Threatens U.S. East Coast with Dangerous Surf
EU Blocks Trade Statement Over Digital Rule Dispute
EU Sends Record Aid as Spain Battles Wildfires
Beijing is moving into gold and other assets, diversifying away from the dollar
China Requires Data Centres to Source Majority of AI Chips Locally, For Technological Sovereignty
Escalating Clashes in Serbia as Anti-Government Protests Spread Nationwide
Category 5 Hurricane in the Caribbean: 'Catastrophic Storm' with Winds of 255 km/h
Trump Backs Putin’s Land-for-Peace Proposal Amid Kyiv’s Rejection
Digital Humans Move Beyond Sci-Fi: From Virtual DJs to AI Customer Agents
YouTube will start using AI to guess your age. If it’s wrong, you’ll have to prove it
Jellyfish Swarm Triggers Shutdown at Gravelines Nuclear Power Station in Northern France
OpenAI’s ‘PhD-Level’ ChatGPT 5 Stumbles, Struggles to Even Label a Map
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
High-Stakes Trump-Putin Summit on Ukraine Underway in Alaska
The World Economic Forum has cleared Klaus Schwab of “material wrongdoing” after a law firm conducted a review into potential misconduct of the institution’s founder
A Computer That Listens, Sees, and Acts: What to Expect from Windows 12
Bitcoin hits $123,000
Southwest Airlines Apologizes After 'Accidentally Forgetting' Two Blind Passengers at New Orleans Airport and Faces Criticism Over Poor Service for Passengers with Disabilities
United States Sells Luxury Yacht Amadea, Valued at Approximately $325 Million, in First Sale of a Seized Russian Yacht Since the Invasion of Ukraine
Russian Forces Advance on Donetsk Front, Cutting Key Supply Routes Near Pokrovsk
It’s Not the Algorithm: New Study Claims Social Networks Are Fundamentally Broken
Sixty-Year-Old Claims: “My Biological Age Is Twenty-One.” Want the Same? Remember the Name Spermidine
Saudi Arabia accelerates renewables to curb domestic oil use
The Billion-Dollar Inheritance and the Death on the Railway Tracks: The Scandal Shaking Europe
World’s Cleanest Countries 2025 Ranked by Air, Water, Waste, and Hygiene Standards
Denmark Revives EU ‘Chat Control’ Proposal for Encrypted Message Scanning
Perplexity makes unsolicited $34.5 billion all-cash offer for Google’s Chrome browser
Cristiano Ronaldo and Georgina Rodríguez announce engagement
×