Here we go.
Courtesy of Vice News:
The New York Attorney General has sent subpoenas to a pair of banks seeking records about multiple Trump Organization projects, marking the latest real-world impact of Michael Cohen’s blockbuster Congressional testimony, The New York Times reported late Monday.
One of the banks involved has long been Trump’s most important lender for years, a firm that maintained ties with Trump long after other major Wall Street firms labeled him a credit risk: Germany’s Deutsche Bank.
A person briefed on the subpoenas told the Times that Cohen’s testimony to Congress in late February was the spur. The president’s former fixer said the Trump Organization had misrepresented the size of Trump’s fortune in statements to financial firms, inflating the value of his assets in order to reduce his insurance premiums or obtain loans. Those actions could add up to crimes, depending on the details, legal experts have told VICE News.
The New York AG investigation is civil in nature, rather than criminal, the Times said, adding that the full scope of the probe is not yet clear.
The New York AG’s office was taken over in January by Letitia James, who said shortly before taking office that she plans to “use every area of the law to investigate President Trump and his business transactions and that of his family as well.”
Any criminal charges filed by New York State prosecutors could be especially dangerous for Trumpworld, because state charges can’t be undone by presidential pardons, unlike federal charges.
A number of smart folks have suggested that it will not be the Mueller report that takes Trump down, it will be the investigation of his business records and his finances.
I don’t really care how it happens, only that it happens, and it looks like the New York Attorney General might have a path to reaching that goal.