Manhattan District Attorney Subpoenaed President Trump’s Bank As Part Of Criminal Probe

The Manhattan District Attorney’s office has subpoenaed President Trump’s longtime lender, Deutsche Bank, as part of its criminal probe into the business dealings of the Trump Organization, the New York Times reported Wednesday.

The office of Manhattan District Attorney Cyrus Vance Jr. sought records from Deutsche Bank dating back to the 1990’s in a subpoena last year. The bank has lent Trump and his company about $2 billion over the past two decades, according to the Times.

The bank reportedly complied with the subpoena, and provided documents from Trump that he used to apply for loans.

Vance has also sent a subpoena for eight years of Trump’s tax and financial records from his longtime accounting firm, Mazars LLC. Trump’s legal team is currently fighting the Mazars LLC subpoena in court.

The Times report follows a court filing from Vance’s office earlier this week that reveals the ongoing criminal probe into Trump extends beyond hush money payments and into allegations of fraud by the Trump Organization. The filing cites a Washington Post report in March 2019 that detailed how Trump sent “deeply flawed” documents over-inflating his net worth to lenders in order to receive financial support.

Vance’s office has been investigating hush-money payments reportedly made on Trump’s behalf to adult film actress Stormy Daniels and model Karen McDougal. Former Trump attorney Michael Cohen pleaded guilty in 2018 to facilitating the payments and was sentenced to three years in prison on charges of campaign finance violations and lying to Congress.

During a February 2019 hearing before the House Oversight Committee, Cohen claimed Trump would either inflate or deflate his assets in order to achieve certain ends.

“It was my experience that Mr. Trump inflated his total assets when it served his purposes, such as trying to be listed among the wealthiest people in Forbes, and deflated his assets to reduce his real estate taxes,” Cohen said at the hearing.

In July 2015, Trump claimed he was worth $10 billion as he launched his campaign for the presidency. Forbes has assessed Trump’s net worth at $2.1 billion.

Trump has previously said his net worth fluctuates based on his "feelings."

“My net worth fluctuates, and it goes up and down with markets and with attitudes and with feelings, even my own feelings,” Trump said in a 2007 disposition.