As New York probes business deals, Trump cries ‘HARASSERS’
5 years, 9 months ago

As New York probes business deals, Trump cries ‘HARASSERS’

Associated Press  

NEW YORK — New York’s attorney general has opened a civil investigation into President Donald Trump’s business dealings, acting after his former personal lawyer and fixer told Congress that he exaggerated his wealth to obtain loans. Trump tweeted an apparent response Tuesday night, decrying his home state and its governor as “PRESIDENTIAL HARASSERS.” Attorney General Letitia James issued subpoenas Monday to Deutsche Bank and Investors Bank seeking records related to four Trump real estate projects and his failed 2014 bid to buy the NFL’s Buffalo Bills, according to a person familiar with the inquiry. Trump’s former lawyer, Michael Cohen, told Congress in late February that Trump exaggerated his wealth on financial statements provided to Deutsche Bank when he was trying to obtain financing to buy the Bills. Deutsche Bank has been one of the few major banks willing to regularly lend to Trump, whose past financial troubles scared off large New York banks. Previously, a different New York 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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History of this topic

'That bank has problems': New questions raised about Trump appeals bond insurer
9 months ago

'That bank has problems': New questions raised about Trump appeals bond insurer

Raw Story  

Questions raised by New York Attorney General Letitia James about the man who stepped in to finance Donald Trump's $175 million appeals bond took center stage on MSNBC's "The Weekend" on Sunday morning with even more questions being raised. MSNBC legal analyst Lisa Rubin noted that Don Hankey, chair of the LA-based Hankey Group and owner of the Knight Specialty …

Deutsche Bank was keen to land a ‘whale’ of a client in Trump, documents at his fraud trial show
1 year, 1 month ago

Deutsche Bank was keen to land a ‘whale’ of a client in Trump, documents at his fraud trial show

Associated Press  

NEW YORK — Deutsche Bank viewed Donald Trump as a “whale” of a client, was eager to land him and eagerly cultivated a relationship that grew from $13,000 worth of revenue to $6 million in two years, according to documents presented Wednesday at the former president’s civil fraud trial. “There was no defaults, no ‘nothing,’” he wrote Wednesday on his …

Donald Trump is going back to court. Here’s what he’s missed since his last visit to NYC fraud trial
1 year, 2 months ago

Donald Trump is going back to court. Here’s what he’s missed since his last visit to NYC fraud trial

Associated Press  

NEW YORK — Donald Trump will be back in court Tuesday for his New York civil fraud trial, but a face-to-face showdown with former lawyer and fixer Michael Cohen will have to wait. FILE - New York attorney general Letitia James speaks to reporters as she returns to the courtroom after a lunch break in former President Donald Trump’s civil …

New York braces for Donald Trump’s indictment after ex-president urges protests
1 year, 9 months ago

New York braces for Donald Trump’s indictment after ex-president urges protests

Firstpost  

If indicted, it would be the first-ever criminal case against any US president. In his call for protests, the former President raised concerns for law enforcement that supporters might engage in violence similar to the January 6, 2021, attack on the US Capitol in Washington New York: Barricades were erected around a Manhattan courthouse on Tuesday as New York City …

Cohen meets Trump prosecutors amid renewed hush money probe
1 year, 11 months ago

Cohen meets Trump prosecutors amid renewed hush money probe

Associated Press  

NEW YORK — Donald Trump’s former lawyer, Michael Cohen, said he met for 2½ hours Tuesday with Manhattan prosecutors who have revived a years-old investigation into payments made to a porn star to keep her quiet about an alleged extramarital tryst. No charges were brought against Trump during the tenure of former Manhattan District Attorney Cyrus Vance Jr., who shifted …

New York AG's Trump case reveals he had a huge breakup with one of the last banks that'll work with him
2 years, 2 months ago

New York AG's Trump case reveals he had a huge breakup with one of the last banks that'll work with him

Raw Story  

Donald Trump's businesses have filed for bankruptcy six times for five different companies. "Since Trump left office last year, the Frankfurt-based international bank — which has lent Trump far more than any other financial institution — has been steadily enforcing a 'managed exit,' as James' filing calls it, from a lucrative relationship with the former president stretching back to the …

Michael Cohen says he handed over the Trump documents the New York AG is looking for to the Manhattan DA
2 years, 8 months ago

Michael Cohen says he handed over the Trump documents the New York AG is looking for to the Manhattan DA

Raw Story  

Donald Trump's former lawyer Michael Cohen revealed on his Meidas Touch reaction videos that he's seen the documents that the New York attorney general is seeking. That's what he does," said Cohen of Trump's latest legal maneuvering, which has resulted in him getting hit with fines of $10,000 a day. "I know that document exists because I gave it to …

Documents show where Trump is getting his loans now that large banks won't lend to him
2 years, 9 months ago

Documents show where Trump is getting his loans now that large banks won't lend to him

Raw Story  

Former President Donald Trump has faced a crisis in bank lending for his business operations. According to NBC News, Trump Tower was refinanced with a $100 million loan from Axos Financial, an obscure internet-only bank in San Diego and Las Vegas, financial documents from New York City's municipality revealed. READ: GOP unleashing 'anti-gay madness' with threats to anyone opposing their …

Donald Trump must testify in New York investigation, judge rules
2 years, 10 months ago

Donald Trump must testify in New York investigation, judge rules

Al Jazeera  

New York Attorney General Letitia James is investigating the former US president’s real estate development group. Judge Arthur Engoron on Thursday ordered Trump and his two eldest children, Ivanka and Donald Trump Jr, to comply with subpoenas issued in December by New York Attorney General Letitia James, who is probing Trump’s real estate development group. James’s civil investigation parallels a …

A fraud case against Trump? Not a slam dunk, experts say
2 years, 11 months ago

A fraud case against Trump? Not a slam dunk, experts say

Associated Press  

NEW YORK — For years, Donald Trump punctuated his reality TV spiels and presidential speeches with claims that his business and his many gold-plated properties were “huge,” “amazing,” the biggest and the best. One important question is whether any misrepresentations in the company’s financial statements “were intentional, knowing and intended to deceive,” said David S. Weinstein, a former federal prosecutor …

New York AG says Trump’s company misled banks, tax officials
2 years, 11 months ago

New York AG says Trump’s company misled banks, tax officials

Associated Press  

NEW YORK — The New York attorney general says her investigators have uncovered evidence that former President Donald Trump’s company used “fraudulent or misleading” valuations of its golf clubs, skyscrapers and other property to get loans and tax benefits. The Trump Organization, James’ office said, overstated the value of land donations made in New York and California on paperwork submitted …

Ivanka Trump 'caused misleading financial statements to be submitted to Deutsche Bank': NY AG
2 years, 11 months ago

Ivanka Trump 'caused misleading financial statements to be submitted to Deutsche Bank': NY AG

Raw Story  

Former White House advisor Ivanka Trump is accused of misleading Deutsche Bank and the federal government in court documents filed by New York Attorney General Letitia James. "Until January 2017, Ms. Trump was a primary contact for the Trump Organization’s largest lender, Deutsche Bank. In connection with this work, Ms. Trump caused misleading financial statements to be submitted to Deutsche …

NY attorney general probe of Trump Organization now a criminal investigation
3 years, 7 months ago

NY attorney general probe of Trump Organization now a criminal investigation

Live Mint  

The New York attorney general’s office’s investigation of former President Donald Trump’s business now has a criminal component, a spokesman said Tuesday night, joining the Manhattan district attorney’s office probe and expanding a monthslong inquiry that had been focused on civil fraud. In a statement Wednesday, Mr. Trump again called the investigation by New York Attorney General Letitia James, a …

New York state investigation into Trump Organization now criminal
3 years, 7 months ago

New York state investigation into Trump Organization now criminal

Al Jazeera  

State has been investigating whether the company falsely reported property values to secure loans and obtain economic and tax benefits. The New York attorney general’s office has said it had begun a criminal investigation into former US President Donald Trump’s company, going beyond what was initially a civil probe. Attorney General Letitia James has been investigating whether the Trump Organization …

New York's Probe Into Trump Organization Is Now A Criminal Inquiry
3 years, 7 months ago

New York's Probe Into Trump Organization Is Now A Criminal Inquiry

NPR  

New York's Probe Into Trump Organization Is Now A Criminal Inquiry Enlarge this image toggle caption Mandel Ngan/AFP via Getty Images Mandel Ngan/AFP via Getty Images The New York state attorney general's office has widened its probe into the Trump Organization to include an examination of potential criminal wrongdoing, according to the office's spokesman. Previously, the office was investigating former …

NY prosecutors interview Michael Cohen about Trump finances
3 years, 11 months ago

NY prosecutors interview Michael Cohen about Trump finances

Associated Press  

NEW YORK — New York prosecutors conducted an hourslong interview Thursday of Michael Cohen, President Donald Trump’s former personal attorney, asking a range of questions about Trump’s business dealings, according to three people familiar with the meeting. The interview, at least the second of Cohen by the Manhattan district attorney’s office, comes amid a long-running grand jury investigation into Trump’s …

Donald Trump's Biggest Lender Deutsche Bank Says No to Future Business Over US Capitol Violence
3 years, 11 months ago

Donald Trump's Biggest Lender Deutsche Bank Says No to Future Business Over US Capitol Violence

News 18  

Deutsche Bank will not do business in the future with U.S. President Donald Trump or his companies in the wake of his supporters’ assault on the U.S. Capitol, the New York Times reported. Deutsche Bank is Trump’s biggest lender, with about $340 million in loans outstanding to the Trump Organization, the president’s umbrella group that is currently overseen by his …

Deutsche Bank, Signature cutting ties with Donald Trump after riots
3 years, 11 months ago

Deutsche Bank, Signature cutting ties with Donald Trump after riots

Hindustan Times  

Deutsche Bank AG and Signature Bank, two of Donald Trump’s favored banks, are pulling away from the billionaire president in the wake of last week’s deadly riot at the US Capitol. President Donald Trump owes Deutsche Bank AG more than $300 million The German lender has decided not to conduct any further business with Trump and his company, said two …

Trump Organization in crisis as his banks shun him -- and his brand may never recover: report
3 years, 11 months ago

Trump Organization in crisis as his banks shun him -- and his brand may never recover: report

Raw Story  

President Donald Trump is facing a business crisis only nine days before he returns to the private sector. The mob attack on Congress last week by Mr. Trump's supporters has spurred a reckoning for the Trump Organization by businesses and institutions, at a scale far greater than his previous polarizing actions," The New York Times reported Monday. Other companies linked …

Donald Trump’s money faucet is getting turned off
4 years ago

Donald Trump’s money faucet is getting turned off

CNN  

New York CNN Business — A growing number of businesses suddenly want very little to do with Donald Trump after he incited a mob to attack the Capitol. The Trump Organization owes Deutsche Bank approximately $340 million in the coming years, the person familiar with the bank’s thinking said. The US bank also said it “will not do business in …

Tired of Trump, Deutsche Bank wants to end ties but sees no good options: Report
4 years, 2 months ago

Tired of Trump, Deutsche Bank wants to end ties but sees no good options: Report

Live Mint  

NEW YORK/FRANKFURT: Deutsche Bank AG is looking for ways to end its relationship with President Donald Trump after the U.S. elections, as it tires of the negative publicity stemming from the ties, according to three senior bank officials with direct knowledge of the matter. If the Republican president loses, and Democrats take control of the White House and Congress, senior …

Michael Cohen Reveals Trump's 'Biggest Fear' After New York Times Tax Report
4 years, 3 months ago

Michael Cohen Reveals Trump's 'Biggest Fear' After New York Times Tax Report

Huff Post  

LOADING ERROR LOADING Michael Cohen, President Trump’s longtime former personal attorney, has a theory. “His biggest fear is … he will end up with a massive tax bill, fraud penalties, fines, and possibly even tax fraud,” Cohen said in an interview with Yahoo News on Monday, the morning after the New York Times published a report detailing how Trump, a …

Deutsche Bank shares hit new record low as CEO keeps turnaround plans vague
5 years, 7 months ago

Deutsche Bank shares hit new record low as CEO keeps turnaround plans vague

CNN  

London CNN Business — Investors aren’t happy with Deutsche Bank’s vague plans for a turnaround. The bank’s stock fell 2.4% to a new record low Thursday as the annual meeting of Deutsche Bank shareholders heard CEO Christian Sewing and chairman Paul Achleitner pledge new cost cuts yet stop short of announcing a more dramatic overhaul. Deutsche Bank plays a vital …

David Cay Johnston: Bombshell Deutsche Bank report is "a really serious problem” for Donald Trump
5 years, 7 months ago

David Cay Johnston: Bombshell Deutsche Bank report is "a really serious problem” for Donald Trump

Salon  

The New York Times broke a story Sunday that revealed staff of Deutsche Bank were hired especially for their expertise of money-laundering. “The transactions, some of which involved Mr. Trump’s now-defunct foundation, set off alerts in a computer system designed to detect illicit activity, according to five current and former bank employees,” the Times reported. “Compliance staff members who then …

Deutsche Bank employees reported suspicious activity from Trump and Kushner, New York Times reports
5 years, 7 months ago

Deutsche Bank employees reported suspicious activity from Trump and Kushner, New York Times reports

CNN  

New York CNN Business — Deutsche Bank’s anti-money laundering specialists once recommended that transactions involving entities controlled by President Donald Trump and his son-in-law, Jared Kushner, be reported to a US agency that investigates financial crimes, according to a new report in the New York Times. The Times reports that Deutsche Bank employees flagged the transactions in 2016 and 2017, …

Deutsche Bank Is The 'Rosetta Stone' To Unlock Trump Finances, Journalist Says
5 years, 8 months ago

Deutsche Bank Is The 'Rosetta Stone' To Unlock Trump Finances, Journalist Says

NPR  

Deutsche Bank Is The 'Rosetta Stone' To Unlock Trump Finances, Journalist Says The German bank was Trump's partner on countless investments at a time when most of Wall Street shied away. He's written and edited many stories about Donald Trump and Deutsche Bank and is working on a book about the bank, called, "Dark Towers: The Inside Story Of The …

Trump sues Deutsche Bank and Capital One to stop them turning over financial records to congress
5 years, 8 months ago

Trump sues Deutsche Bank and Capital One to stop them turning over financial records to congress

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The federal lawsuit, filed in the US District Court's Southern District of New York, …

Trump sues his own banks to thwart Congressional subpoenas
5 years, 8 months ago

Trump sues his own banks to thwart Congressional subpoenas

Salon  

President Donald Trump is suing both Capital One and Deutsche Bank to prevent them from complying with congressional subpoenas into his financial records. Last week Trump's team sued the accounting firm Mazars USA and House Oversight Committee Chairman Elijah Cummings, D-Md., in order to likewise thwart attempts to obtain the president's financial records. He added, "Although there are no legal …

House Democrats have subpoenaed nine banks in probe of Donald Trump's finances
5 years, 8 months ago

House Democrats have subpoenaed nine banks in probe of Donald Trump's finances

Salon  

President Donald Trump's finances may face new scrutiny after House Democrats sent subpoenas to nine big banks. The chairwoman of the House Financial Services Committee, Rep. Maxine Waters, D-Calif., explained in a statement that "the potential use of the U.S. financial system for illicit purposes is a very serious concern. In a similar vein, Rep. Adam Schiff, D-Calif., the chairman …

Deutsche Bank giving Congress Trump's financial records amid probe of president’s dealings
5 years, 9 months ago

Deutsche Bank giving Congress Trump's financial records amid probe of president’s dealings

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Deutsche …

Beyond Mueller report, Trump faces flurry of legal perils
5 years, 9 months ago

Beyond Mueller report, Trump faces flurry of legal perils

Associated Press  

NEW YORK — President Donald Trump still has to contend with state and federal investigators in New York, even though special counsel Robert Mueller has wrapped up his investigation with no additional indictments. “These investigations could pose a danger to everybody in Trump’s inner circle,” said Patrick J. Cotter, a former federal prosecutor in the Southern District of New York. …

'Presidential harassers': Donald Trump's legal woes spike as New York attorney general opens civil investigation into business deals
5 years, 9 months ago

'Presidential harassers': Donald Trump's legal woes spike as New York attorney general opens civil investigation into business deals

Firstpost  

New York’s attorney general has opened a civil investigation into US President Donald Trump’s business dealings, acting after his former personal lawyer and fixer told Congress that he exaggerated his wealth to obtain loans. Trump tweeted an apparent response Tuesday night, decrying his home state and its governor as “PRESIDENTIAL HARASSERS.” New York: New York’s attorney general has opened a …

Cohen says Trump inflated his wealth in bid to buy Bills
5 years, 10 months ago

Cohen says Trump inflated his wealth in bid to buy Bills

Associated Press  

NEW YORK — Michael Cohen said during his congressional testimony Wednesday that Donald Trump grossly overstated his wealth before becoming president, including inflating his assets during a failed bid to buy the Buffalo Bills in 2014. The claim raises questions about whether Trump could face even more legal trouble if, as Cohen said, he misrepresented his worth in applying for …

Security analyst: Russia "collected receipts" to blackmail Trump before he even won a primary
5 years, 11 months ago

Security analyst: Russia "collected receipts" to blackmail Trump before he even won a primary

Salon  

On Friday, the fallout continued from a report alleging President Donald Trump instructed his personal lawyer Michael Cohen to lie to Congress about when the Trump Tower Moscow deal concluded. As Michael Cohen negotiated the Trump Tower deal on behalf of then-candidate Trump in January of 2016, he spoke with someone in Dmitry Peskov’s office — Vladimir Putin’s press secretary …

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