Breaking: Trump Now 0-2 In Getting Judges To Bock Subpoenas

Ken AshfordCongress, Courts/Law, Trump & AdministrationLeave a Comment

Courthouse News:

MANHATTAN (CN) – A federal judge refused President Donald Trump an injunction Wednesday in the subpoena fight over his personal and business bank records at Deutsche Bank and Capital One.

A German lender in the swirl of a money laundering scandal, Deutsche has been identified as one of the few financial institutions willing to do business with Trump after his casino bankruptcies in the 1990s. The New York Times reported on Monday that the bank’s anti-money laundering specialist expressed her concerns over accounts associated with Trump and his son-in-law Jared Kushner, but the bank’s executives rejected her recommendation to send their transactions to the Treasury Department’s Financial Crimes and Enforcement Unit.

Hours ahead of today’s hearing before U.S. District Judge Edgardo Ramos in New York, Deutsche Bank claimed to have had a bug in the software they used to detect money laundering.

Trump’s attorney Patrick Strawbridge argued in court that the subpoenas serve no legitimate or lawful purpose.

“I think this is important to emphasize that this isn’t a subpoena for government activity,” Strawbridge said.

“They’re literally looking for information about minors,” added Strawbridge, from the firm Consovoy McCarthy Park. “They’re looking for information about in-laws.”

Douglas Letter, general counsel for the U.S. House of Representatives, argued meanwhile that inquiries into possible financial crimes must consider such matters.

“They put their relatives in charge,” Letter said, referring to perpetrators of such offenses. “This is what people committing financial fraud do.”
In his written briefings, Letter emphasized that the committees were conducting various investigations on issues of national significance. Among their “wide-ranging investigations,” the Committee on Financial Services listed probes into loan fraud, Bank Secrecy Act compliance and money laundering. The House Intelligence Committee cited its investigations into “Russia and other foreign entities to influence the U.S. political process during and since the 2016 election.”

The order by Ramos this afternoon refusing Trump an injunction is the latest in a succession of blows to the president’s longtime effort to keep his finances secret.

On Monday, another federal judge gave Trump’s accountants at Mazars USA LLP seven days to cough up his financial records. Today’s hearing meanwhile began mere hours after the New York Assembly authorized the release of Trump’s state tax returns to the U.S. House of Representatives.