President Donald Trump and his family are suing Deutsche Bank and Capital One to nullify all subpoenas issued by House Democrats that seek to obtain the financial records of the entire Trump family – which includes his grandkids.
Democrats have said they are seeking Trump financial records as part of investigations into potential foreign influence on the U.S. political process and the abuse of the U.S. financial system for illicit purposes.
Deutsche Bank, a German lender, said in a statement that it was “committed to providing appropriate information to all authorized investigations and will abide by a court order regarding such investigations.” In addition to serving as Trump’s go-to lender for years, the bank has faced scrutiny for money-laundering scandals.
The lawsuit was filed on behalf of the president; his sons Donald Trump, Jr. and Eric Trump; his daughter Ivanka Trump; and the Trump Organization.
Deutsche Bank intends to begin producing documents in response to the subpoena on May 6, and Capital One also feels obligated to comply before May 6 absent court intervention, according to the lawsuit.
The lawsuit describes a sweeping inquiry into the Trump family’s finances going back decades. The two banks provide the Trumps with numerous “personal, family and business accounts.”
The committees, the Trumps’ lawyers said, have refused to provide copies of the subpoenas to the Trump family, and their scope was learned from Deustche Bank and Capital One. But according to the lawsuit, the committees are seeking “all banking and financial records not just concerning the individual plaintiffs, but also their own family members.”
WATCH: @BillHemmer spoke with @RepBradWenstrup after President Trump sues Deutsche Bank and Capital One to block House subpoenas for financial records #nine2noon pic.twitter.com/7XCx8a2Sg0
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Source: Politico
As an American, I wish I had a voice in this. Unfortunately, I can’t afford a lawyer to stop my tax money from being used to investigate babies.
The Democrats are going too far. We need to stop them!
Adam Schiff is a liar; not fit to serve.
Trump 2020
Hell No!!!!!!
Looks like Trump needs to file the same for Pelosi Schumer Schiff oh, it sounds like that’s where they hide their money
The democrats who continue to harass the President should lose their office and be fined for it. They should have to provide everything on their accounts as well to America. The democrats are communists who should not be allowed to disgrace our Constitution