NY prosecutors subpoena Trump's bank as part of criminal inquiry: report

Source: The Hill | August 5, 2020 | Rebecca Klar

New York prosecutors have subpoenaed President Trump’s longtime lender, Deutsche Bank, as part of the criminal investigation into the president’s business practices, The New York Times reported Wednesday.

The Manhattan district attorney’s office issued the subpoena last year seeking financial records Trump and his company provided to the bank, the newspaper reported, citing unnamed sources. 

The Times report follows a court filing prosecutors wrote earlier this week hinting that its subpoena for Trump’s tax returns is part of a larger investigation into the Trump Organization, including potential fraud allegations detailed in media reports in recent years.

The subpoena from the office of the Manhattan district attorney, Cyrus Vance Jr., appears to be the first instance of a criminal inquiry involving Trump and his dealings with Deutsche Bank, which has lent him and his company more than $2 billion over the past two decades, the Times reported.

A person briefed on the matter told the Times that the inquiry is still at an early stage.

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