The subpoenas also cover a loan that Trump sought to buy the NFL’s Buffalo Bills.
By David A. Fahrenthold and David A. Fahrenthold Reporter covering the Trump family and its business interests.
In all cases, the loans came not from Deutsche Bank’s main commercial lending division, but rather from a smaller office of the bank that manages money for high net-worth clients. Just last week, another New York state agency — the Department of Financial Services, which oversees insurance — issued a subpoena to Trump’s longtime insurance broker, Aon. Cohen had testified that the same kind of inflated financial statements were used by Trump in an attempt to lower his insurance premiums.
“Did the president ever provide inflated assets to a bank in order to help them to obtain a loan?” Rep. William Lacy Clay asked Cohen. In one statement from 2013, Trump suddenly doubled his own estimate of his net worth, by declaring that his name brand alone was worth $4 billion.
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