New York AG subpoenas Deutsche Bank over loans made to Trump
As part of an investigation into President Trump's business dealings, New York Attorney General Letitia James (D) has issued subpoenas to Deutsche Bank for records related to three major loans extended to his company, people familiar with the matter told The Washington Post on Tuesday.
The bank has to turn over documents connected to a $125 million loan used to buy Doral golf resort near Miami; a $170 million loan to create the Trump International Hotel in Washington, D.C.; and a $69 million loan to refinance existing Deutsche Bank loans on Trump International Hotel and Tower in Chicago, the Post reports. James also wants records related to a fourth loan Trump sought when he wanted to buy the NFL's Buffalo Bills.
During a Congressional hearing last month, Trump's former lawyer Michael Cohen said Trump inflated his net worth in documents he sent to Deutsche Bank while trying to secure loans. Deutsche Bank was Trump's biggest lender in recent years, giving him more than $360 million since 2012. The loans were from a smaller office that manages money for the company's wealthiest clients, the Post reports. The bank has already received requests for records from the House's Financial Services and Intelligence committees.
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Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
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