mcloudyn.png
Monday November 30th, 2020 9:42PM

New York attorney probing Trump business deals

By The Associated Press
Related Articles
  Contact Editor

NEW YORK (AP) — New York's attorney general has opened a civil investigation into President Donald Trump's business dealings, taking action after his former lawyer told Congress he exaggerated his wealth to obtain loans.

A person familiar with the inquiry said Attorney General Letitia James issued subpoenas Monday to Deutsche Bank and Investors Bank seeking records related to four Trump real estate projects and his failed 2014 bid to buy the NFL's Buffalo Bills.

The person wasn't authorized to discuss the matter publicly and spoke on condition of anonymity. The New York Times first reported the subpoenas.

Trump's former lawyer, Michael Cohen, told Congress in late February that Trump exaggerated his wealth on financial statements provided to Deutsche Bank when he was trying to obtain financing to buy the Bills. He told a House committee it was common for Trump to overstate his wealth when dealing with the news media or banks, but understate it when it came time to pay his taxes.

Messages left with the banks and the Trump Organization were not immediately returned.

The subpoenas issued by the attorney general seek loan applications, as well as mortgages, credit lines and other documents related to the Trump International Hotel in Washington, D.C., buildings in Chicago and New York and a golf course in the Miami area.

James, a Democrat newly elected to office, pledged to look into Trump's business practices, saying after her victory last November that she'd be "shining a bright light into every dark corner of his real estate dealings and every dealing."

Trump has complained that James is waging a politically motivated vendetta against him. Her office is also overseeing a lawsuit against a Trump charitable foundation. James' predecessors sued Trump over the operations of Trump University, his real estate school.

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

Trump has said Cohen is lying to try to get out of a prison sentence for tax evasion, campaign finance violations, making false statements to banks and lying to Congress.

  • Associated Categories: U.S. News, Associated Press (AP), AP Sports, AP Online Football, AP National News, Top U.S. News short headlines, AP Online Headlines - Washington, AP Business, AP Sports - NFL
© Copyright 2020 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
New York attorney probing Trump business deals
New York's attorney general is investigating President Donald Trump's business dealings
11:11AM ( 1 minute ago )
Native American child welfare case heads to appeals court
A federal law that has drawn attention in recent years for giving preference to Native American families in foster care and adoption proceedings involving Native American kids is facing a major legal challenge
11:10AM ( 2 minutes ago )
Endgame: UK's May aims to avert looming Brexit deal defeat
British Prime Minister Theresa May implored lawmakers to support her divorce deal with the European Union in a vote Tuesday, even as prominent Brexit supporters said changes she had secured to the agreement were not enough to persuade them to back it.
10:57AM ( 15 minutes ago )
Associated Press (AP)
Alaska, Norwegian mushers battle for Iditarod lead
An Alaskan and a Norwegian are running neck-and-neck in the world's most famous sled dog race
10:31AM ( 41 minutes ago )
Westbrook confronts 2 fans at Jazz game, cites racial taunt
Westbrook confronts fans he says made racial taunt at him during Thunder-Jazz game
9:49AM ( 1 hour ago )
Oakley calls Knicks owner a 'bully' for fan altercation
New York Knicks great Charles Oakley is tired of 'bully' team owner James Dolan threatening to ban fans from Madison Square Garden
9:38AM ( 1 hour ago )
AP Sports
Foles to Jaguars, Collins to Washington, Brown to Oakland
Big-money offers for NFL free agents begins 2 days before they can sign contracts: Nick Foles headed to Jacksonville, Landon Collins to Washington and Trent Brown to Oakland
9:17PM ( 13 hours ago )
AP Source: Redskins to sign Collins to $84M, 6-year deal
AP Source: Redskins agree to sign former Giants safety Landon Collins to $84 million, six-year deal with $45 million guaranteed
6:56PM ( 16 hours ago )
AP source: Foles to sign 4-year, $88M deal with Jaguars
A person with direct knowledge of the decision says quarterback Nick Foles has agreed to sign a four-year, $88 million contract with the Jacksonville Jaguars
5:52PM ( 17 hours ago )
AP Online Football
'AK-47 bandit' pleads guilty to Nebraska bank robbery
Montana man dubbed the AK-47 bandit and accused of holding up banks in several states has pleaded guilty to robbing a Nebraska bank
10:27AM ( 45 minutes ago )
Smollett expected at hearing to discuss cameras in courtroom
"Empire" actor Jussie Smollett is expected at a Chicago hearing to discuss whether cameras will be allowed in the courtroom during his disorderly conduct case
10:25AM ( 47 minutes ago )
Cash from NY, feds tests 100K rape kits, leads to 1K arrests
Languishing evidence in over 100,000 sexual assault cases around the country has been sent for DNA testing with money from a New York prosecutor and federal authorities, and the effort has spurred over 1,000 arrests and hundreds of convictions so far
10:23AM ( 49 minutes ago )
AP National News
Species by the dozen moved north during marine heatwaves
A new study reports that dozens of warm-weather species of sea slugs, jellyfish and other marine life migrated into the Northern California region over an unusually long two-year period of severe heatwaves
6:07AM ( 5 hours ago )
Jury to be picked for police killing of unarmed black teen
Jury selection is about to get underway in a Harrisburg courtroom in the case of a white police officer accused of shooting to death an unarmed black teen in western Pennsylvania last summer
5:56AM ( 5 hours ago )
Appeals court to hear Native American child welfare case
A federal law that has drawn attention in recent years for giving preference to Native American families in foster care and adoption proceedings involving Native American kids is facing a major legal challenge
4:56AM ( 6 hours ago )
Top U.S. News short headlines
The Latest: Pivotal Northern Ireland party won't back deal
Northern Ireland's Democratic Unionist Party says it won't back U.K. Prime Minister Theresa May's revamped divorce deal from the European Union.
10:37AM ( 35 minutes ago )
Oman 'temporarily suspending' Boeing 737 MAX flights
Oman says it is "temporarily suspending" all flights by Boeing 737 MAX aircraft in the sultanate following the crash of an Ethiopian Airlines jetliner
9:57AM ( 1 hour ago )
Honda recalls 1.2M more vehicles with dangerous air bags
Honda is recalling about 1.2 million vehicles in North and Central America because their Takata air bag inflators can explode and send shrapnel into the vehicle interiors
9:54AM ( 1 hour ago )
AP Business
Jags clear $30M in space by cutting Jackson, Gipson, others
The Jacksonville Jaguars cleared $30 million in salary cap space by cutting five veterans, including former Pro Bowl defenders Malik Jackson and safety Tashaun Gipson
2:31PM ( 3 days ago )
Jags clear $30M in space by cutting Jackson, Gipson, 3 more
The Jacksonville Jaguars have released defensive tackle Malik Jackson, safety Tashaun Gipson, offensive lineman Jermey Parnell, running back Carlos Hyde and long-snapper Carson Tinker to create $30 million in salary cap space for 2019.
1:11PM ( 3 days ago )
AP source: Broncos trading Keenum to Redskins
A person with knowledge of the deal tells The Associated Press than the Denver Broncos have agreed to trade quarterback Case Keenum to the Washington Redskins
2:38AM ( 4 days ago )
AP Sports - NFL
Endgame: UK's May aims to avert looming Brexit deal defeat
British Prime Minister Theresa May implored lawmakers to support her divorce deal with the European Union in a vote Tuesday, even as prominent Brexit supporters said changes she had secured to the agreement were not enough to persuade them to back it.
10:57AM ( 15 minutes ago )
California agencies dispute Colorado River drought plan
A major Southern California water agency is trying to push the state through a final hurdle in joining a larger plan to preserve a key river that serves 40 million people
10:56AM ( 16 minutes ago )
Officer on trial for Antwon Rose's death arrives at court
A white police officer accused of shooting to death an unarmed black teen in western Pennsylvania has arrived at court
10:49AM ( 23 minutes ago )
Native American child welfare case heads to appeals court
A federal law that has drawn attention in recent years for giving preference to Native American families in foster care and adoption proceedings involving Native American kids is facing a major legal challenge
10:49AM ( 23 minutes ago )
Outcry over Trump's cuts to Medicare hospital payments
Candidate Trump promised not to cut Medicare but his payment cuts to hospitals prompt an outcry
10:48AM ( 24 minutes ago )