Published: Thu, March 14, 2019
Worldwide | By Stella Potter

New York attorney general is investigating Trump projects - NY Times

New York attorney general is investigating Trump projects - NY Times

Previously, a different NY state agency, which regulates insurance companies, launched an inquiry into Cohen's allegations that Mr Trump also misled insurance companies about his financial worth.

The president's tweet comes on the heels of New York Attorney General Letitia James issuing subpoenas to Deutsche Bank and Investors Bank over, per the New York Times, "records relating to the financing of four major Trump Organization projects and a failed effort to buy the Buffalo Bills of the National Football League in 2014".

The person wasn't authorized to discuss the matter publicly and spoke on condition of anonymity.

James's office subpoenaed Investors Bank for documents on the financing of Trump Park Avenue in NY, according to the paper.

As part of a lawsuit brought by then-New York Attorney General Barbara Underwood, the president's charity agreed in December to dissolve itself under judicial supervision, meaning the attorney general's office would review and approve disbursements of the Trump Foundation's remaining assets.

President Donald Trump blasted the state of NY and Governor Andrew Cuomo as the latest "PRESIDENTIAL HARASSERS" earlier tonight. No wonder people are fleeing the State in record numbers.

Trump ended his response by declaring: "The Witch Hunt continues!" The office wasn't immediately available for comment after normal business hours.

Deutsche Bank declined to comment on the report. The Trump Organization didn't immediately respond to a request for comment. The subpoenas also are seeking records related to other transactions including Trump International Hotels in Chicago, Washington, D.C. and Florida. Cohen told the House Oversight Committee that the Trump Organization had sometimes inflated the value of its assets on financial statements to get loans, or better rates on insurance. Trump's company borrowed billions of dollars from the German bank over the years. The bank refused, saying it had to respect legal requirements to keep client data private.

James and Cuomo are Democrats.

Mr Trump has complained that she is waging a politically motivated vendetta against him. Trump and his allies have repeatedly expressed fears about the consequences of investigators' examinings his financial and business history.

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