The bank has reportedly complied with a subpoena from Cy Vance’s office, suggesting the DA’s inquiry into Trump’s “criminal conduct” may be expansive
Photo: Getty Images On Monday, the Manhattan District Attorney’s Office announced that it was investigating “public reports of possibly extensive and protracted criminal conduct at the Trump Organization.” This was a concerning development for a president who has settled a lawsuit over what a federal judge called a “fraudulent university” and who was accused by the New York Attorney General of running a charity with a “shocking pattern of illegality.
A New York Times investigation two years ago found a trail of phony records used in what the newspaper described as clear fraud. Trump has reportedly collected phony hurricane damages. ProPublica has uncovered massive discrepancies between the figures Trump has given to lenders and the government, portraying himself as rich to the banks and poor to the government, thus defrauding either one or both.
Over their long and bumpy relationship, Deutsche has lent Trump and his organization over $2 billion — despite the president’s reported efforts to inflate his wealth when applying for loans, as well as reported concerns from the banks’s internal investigators that Trump and his son-in-law Jared Kushner may have been laundering money via their international accounts.
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