New York Attorney General Investigating Trump Projects, Report Says

New York Attorney General Investigating Trump Projects, Report Says

Deutsche Bank has been one of the few major banks willing to regularly lend to Trump, whose past financial troubles scared off large NY banks.

According to a new report, New York Attorney General Letitia James has opened a new investigation into President Donald Trump's projects in the Empire State, including his failed bid to buy the Buffalo Bills.

The investigation's scope is not yet known at this time, additional reporting from Bloomberg noted.

Investigators requested financial records from the German lender related to the Trump International Hotel in Washington, the Trump National Doral outside Miami, the Trump International Hotel and Tower in Chicago, and an unsuccessful effort to buy the NFL Buffalo Bills, the Times reported. The probe was reportedly spurred by Michael Cohen's congressional testimony last month, in which Trump's former lawyer and fixer asserted that Trump regularly inflated his assets in official documents.

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.

A person familiar with the matter says Monday's subpoenas seek loan applications, mortgages and other records.

According to the Times, James' investigation in NY is a civil case, not criminal.

Olayinka Fadahunsi, Vice President of Communications at Deutsche Bank in NY, declined to comment on the subpoena. A Hong Kong-based representative for Deutsche Bank was unable to provide an immediate comment Tuesday.

In her victory speech on the night she was elected in November, she said, "I will be shining a bright light into every dark corner of his real estate dealings, and every dealing, demanding truthfulness at every turn".

Investors Bank and the Trump Organisation did not immediately return a request for comment from Business Insider.

"Will never be treated fairly by these people - a total double standard of 'justice, '" he added on Twitter.

Deutsche Bank was Trump's go-to lender for decades, even as other commercial banks stopped doing business with him because of multiple bankruptcies.

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