Trump under investigation for bank and insurance fraud in New York, new court filing suggests

(Image credit: Doug Mills-Pool/Getty Images)

Manhattan District Attorney Cy Vance's recent court filing suggests President Trump and his company, The Trump Organization, may be under investigation for possible bank and insurance fraud, The New York Times reports.

The filing was made in response to a lawsuit by Trump's attorneys who have argued prosecutors were acting in "bad faith" by issuing a "wildly overbroad" subpoena seeking Trump's personal and corporate tax returns. Vance didn't disclose anything specific about what compelled him to go after the records, but the filing argued the subpoena wasn't too broad, since that notion is based on the "false premise" that the probe is limited to "hush-money" payments made by the president's former personal lawyer, Michael Cohen, in 2016.

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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.