New York state regulators subpoena the Trump Organization's insurance broker, days after Cohen suggests misconduct
In addition to serving as the impetus for the sweeping request for documents made by the House Judiciary Committee on Monday, it appears that the testimony provided last week by Michael Cohen has led to tangible results in the insurance realm, as well.
During Cohen's testimony, when prompted by Rep. Alexandria Ocasio-Cortez (D-N.Y.), President Trump's former personal lawyer said that the Trump Organization inflated the value of its assets to insurance companies. On Tuesday, The New York Times reported that New York State regulators have issued an "expansive" subpoena to Aon, the Trump Organization's longtime insurance broker.
The Aon subpoena is not part of a criminal investigation and the Department of Financial Services does not have authority over Trump or his company, but it can refer any possible illegal activity to prosecutors, per the Times.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The subpoenaed documents consist of anything related to the Trump Organization's business with Aon. The insurance company stated that it intends to cooperate with the review. Read the full report at The New York Times.
Create an account with the same email registered to your subscription to unlock access.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.
-
All the records Taylor Swift has broken
Speed Read Swift's 'Eras' tour is now the highest-grossing concert tour in history
By Brendan Morrow Published
-
'Will growth slow, or is the economy about to fall off a cliff?'
Instant Opinion Opinion, comment and editorials of the day
By Harold Maass, The Week US Published
-
Senate passes FAA bill with new consumer protections
Speed Read The legislation will require airlines to refund customers for flight delays
By Peter Weber, The Week US Published
-
Ukraine cheers House approval of military aid
Speed Read Following a lengthy struggle, the House has approved $95 billion in aid for Ukraine and Israel
By Peter Weber, The Week US Published
-
Poland, Germany nab alleged anti-Ukraine spies
Speed Read A man was arrested over a supposed Russian plot to kill Ukrainian President Zelenskyy
By Peter Weber, The Week US Published
-
Israel hits Iran with retaliatory airstrike
Speed Read The attack comes after Iran's drone and missile barrage last weekend
By Peter Weber, The Week US Published
-
Peter Murrell: Sturgeon's husband charged over SNP 'embezzlement' claims
Speed Read SNP expresses 'shock' as former chief executive rearrested in long-running investigation into claims of mishandled campaign funds
By Arion McNicoll, The Week UK Published
-
Mark Menzies: Tories investigate MP after 'bad people' cash claims
Speed Read Fylde MP will sit as an independent while party looks into allegations he misused campaign funds on medical expenses and blackmail pay-out
By Arion McNicoll, The Week UK Published
-
Why Johnson won't just pass Ukraine aid
Speed Read The House Speaker could have sent $60 billion in military aid to Ukraine — but it would have split his caucus
By Peter Weber, The Week US Published
-
Sudan on brink of collapse after a year of war
Speed Read 18 million people face famine as the country continues its bloody downward spiral
By Peter Weber, The Week US Published
-
Trump's first criminal trial starts with jury picks
Speed Read The former president faces charges related to hush money payments made to adult film star Stormy Daniels
By Peter Weber, The Week US Published