London Daily

Focus on the big picture.
Sunday, Oct 05, 2025

Manhattan DA interviewed employees at Trump's bank and insurer in criminal probe

Manhattan DA interviewed employees at Trump's bank and insurer in criminal probe

Investigators with the Manhattan district attorney's office have interviewed several employees at President Donald Trump's lender and insurer in recent weeks as part of a wide-ranging investigation into the Trump Organization, according to multiple people familiar with the investigation.
Two employees of Deutsche Bank, which has loaned more than $300 million to the Trump Organization, were interviewed by prosecutors, according to sources familiar with the matter.

The interviews took place after the November presidential election, the people said, and focused on general questions about how bankers assess loans and underwriting criteria.

The questioning was not specific to the bank's dealing with the Trump Organization or the President, the people said, with one person adding that it was the beginning of the process. Additional interviews are expected in the near future, they said.

Prosecutors also interviewed at least one employee at Aon, an insurance broker who has done work with the President's company, according to one source familiar with the matter.

A spokeswoman for Aon confirmed the company received a subpoena and said it is cooperating with the investigation. The spokeswoman declined to comment on any employee interviews. Representatives for Deutsche Bank and the district attorney's office, led by Cyrus Vance, also declined to comment.

Deutsche Bank was subpoenaed as part of the investigation last year and has said it cooperates with authorized investigations.

The New York Times first reported on the interviews with Deutsche Bank and Aon employees.

The interviews with Trump counterparties comes as prosecutors wait for a decision by the US Supreme Court over a grand jury subpoena for the President's tax returns. The President has lost several legal challenges in an attempt to block the subpoena to Mazars USA, his long-time accounting firm, for eight years of his personal and business records and tax returns.

Last month, the 2nd US Circuit Court of Appeals denied Trump's latest effort to block the subpoena paving the way for it to be enforced. The President's lawyers have asked the Supreme Court to stay, or halt, the ruling and a decision is expected any day.

The Mazars records are critical to the investigation, prosecutors have said. The Manhattan district attorney investigation is the only criminal inquiry facing Trump, his business and his family and will continue after he leaves office. Trump has had discussions about issuing pardons to his family members and possibly himself, CNN has reported, but those pardons would not insulate him from a state criminal indictment.

In court filings the district attorney's office has suggested the inquiry could involve tax fraud, insurance fraud and schemes to defraud its lenders. They also recently subpoenaed the Trump Organization for records relating to fees it has paid to consultants, including a payment made to a company controlled by the President's daughter, Ivanka Trump, according to people familiar with the matter.

The Trump Organization has denied any wrongdoing and said applicable taxes were paid.

Last year prosecutors with the district attorney's office interviewed Michael Cohen, the President's former personal attorney, at least three times about his knowledge of the Trump Organization's business dealings.

Cohen testified before Congress in February 2019 that the Trump Organization allegedly manipulated its financial statements to suit its desired outcomes. Cohen said Trump "deflated his assets to reduce his real estate taxes." And he alleged company officials would play with the financial numbers when dealing with insurance companies and Deutsche Bank.

Specifically, Cohen alleged the President inflated the value of his assets at times, including in 2014 when Trump submitted documents to Deutsche Bank as part of an attempt to bid for the Buffalo Bills football team. Trump never did the loan.

Cohen pleaded guilty to federal crimes, including campaign finance charges for facilitating hush-money payments to silence two woman's allegations of affairs with Trump. Trump has denied the affairs. Cohen is serving a three year prison sentence and was released to home confinement earlier this year due to the coronavirus pandemic.
Newsletter

Related Articles

0:00
0:00
Close
Trump Stands Firm in Shutdown Showdown and Declares War on Drug Cartels — Turning Crisis into Opportunity
Surge of U.S. Billionaires Transforms London’s Peninsula Apartments into Ultra-Luxury Stronghold
Pro Europe and Anti-War Babiš Poised to Return to Power After Czech Parliamentary Vote
Jeff Bezos Calls AI Surge a ‘Good’ Bubble, Urges Focus on Lasting Innovation
Japan’s Ruling Party Chooses Sanae Takaichi, Clearing Path to First Female Prime Minister
Sean ‘Diddy’ Combs Sentenced to Fifty Months in Prison Following Prostitution Conviction
Taylor Swift’s ‘Showgirl’ Launch Extends Billion-Dollar Empire
Trump Administration Launches “TrumpRx” Plan to Enable Direct Drug Sales at Deep Discounts
Trump Announces Intention to Impose 100 Percent Tariff on Foreign-Made Films
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Singapore and Hong Kong Vie to Dominate Asia’s Rising Gold Trade
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Manhattan Sees Surge in Office-to-Housing Conversions, Highest Since 2008
Switzerland and U.S. Issue Joint Assurance Against Currency Manipulation
Electronic Arts to Be Taken Private in Historic $55 Billion Buyout
Thomas Jacob Sanford Named as Suspect in Deadly Michigan Church Shooting and Arson
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
New York Man Arrested After On-Air Confession to 2017 Parents’ Murders
U.S. Defense Chief Orders Sudden Summit of Hundreds of Generals and Admirals
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
Trump Claims FBI Planted 274 Agents at Capitol Riot, Citing Unverified Reports
India: Internet Suspended in Bareilly Amid Communal Clashes Between Muslims and Hindus
Supreme Court Extends Freeze on Nearly $5 Billion in U.S. Foreign Aid at Trump’s Request
Archaeologists Recover Statues and Temples from 2,000-Year-Old Sunken City off Alexandria
China Deploys 2,000 Workers to Spain to Build Major EV Battery Factory, Raising European Dependence
Speed Takes Over: How Drive-Through Coffee Chains Are Rewriting U.S. Coffee Culture
U.S. Demands Brussels Scrutinize Digital Rules to Prevent Bias Against American Tech
Ringo Starr Champions Enduring Beatles Legacy While Debuting Las Vegas Art Show
Private Equity’s Fundraising Surge Triggers Concern of European Market Shake-Out
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
FBI Removes Agents Who Kneeled at 2020 Protest, Citing Breach of Professional Conduct
Trump Alleges ‘Triple Sabotage’ at United Nations After Escalator and Teleprompter Failures
Shock in France: 5 Years in Prison for Former President Nicolas Sarkozy
Tokyo’s Jimbōchō Named World’s Coolest Neighbourhood for 2025
European Officials Fear Trump May Shift Blame for Ukraine War onto EU
BNP Paribas Abandons Ban on 'Controversial Weapons' Financing Amid Europe’s Defence Push
Typhoon Ragasa Leaves Trail of Destruction Across East Asia Before Making Landfall in China
The Personality Rights Challenge in India’s AI Era
Big Banks Rebuild in Hong Kong as Deal Volume Surges
Italy Considers Freezing Retirement Age at 67 to Avert Scheduled Hike
Italian City to Impose Tax on Visiting Dogs Starting in 2026
Arnault Denounces Proposed Wealth Tax as Threat to French Economy
Study Finds No Safe Level of Alcohol for Dementia Risk
Denmark Investigates Drone Incursion, Does Not Rule Out Russian Involvement
Lilly CEO Warns UK Is ‘Worst Country in Europe’ for Drug Prices, Pulls Back Investment
Nigel Farage Emerges as Central Force in British Politics with Reform UK Surge
Disney Reinstates ‘Jimmy Kimmel Live!’ after Six-Day Suspension over Charlie Kirk Comments
U.S. Prosecutors Move to Break Up Google’s Advertising Monopoly
Nvidia Pledges Up to $100 Billion Investment in OpenAI to Power Massive AI Data Center Build-Out
U.S. Signals ‘Large and Forceful’ Support for Argentina Amid Market Turmoil
×