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<ul class="summary-list"><li>The personal banker of President <keyword id="6354484" type="PERSON" weightage="60" keywordseo="Donald-Trump">Donald Trump</keyword> and his son-in-law <keyword id="2599781" type="PERSON" weightage="60" keywordseo="Jared-Kushner">Jared Kushner</keyword> is facing an internal review from her employer, Deutsche Bank, <a href="https://www.nytimes.com/2020/08/02/business/kushner-deutsche-trump-rosemary-vrablic.html">The New York Times</a> reported Sunday.</li><li>Deutsche Bank is looking into <keyword id="9689311" type="UNKNOWN" weightage="60" keywordseo="rosemary-vrablic">Rosemary Vrablic</keyword> over her 2013 purchase of a New York City apartment from a company part-owned Kushner, a Deutsche Bank spokesperson confirmed.</li><li>Kushner and Trump are longtime clients of Vrablic, who entered the public spotlight during the 2016 presidential campaign when Trump cited her as evidence of his <a href="https://www.nytimes.com/2016/05/24/business/dealbook/donald-trump-relationship-bankers.html">close ties with Wall Street</a>.</li><li>Deutsche Bank's dealings with Kushner and Trump have faced scrutiny before, including <a href="https://www.businessinsider.com/fbi-investigating-deutsche-bank-for-money-laundering-kushner-transactions-2019-6">an ongoing FBI investigation</a> into suspicious transactions between Kushner Companies and Russians and its <a href="https://www.nytimes.com/2019/03/18/business/trump-deutsche-bank.html?action=click&amp;module=Top%20Stories&amp;pgtype=HomepageHomepage">$2 billion in loans to Trump</a> despite his history of defaults. </li></ul>Deutsche Bank has launched an internal review into the personal banker for President Donald Trump and his son-in-law, Jared Kusher, <a href="https://www.nytimes.com/2020/08/02/business/kushner-deutsche-trump-rosemary-vrablic.html">The New York Times</a> first reported Sunday and Business Insider confirmed.The company is looking into Rosemary Vrablic and two of her coworkers regarding a 2013 purchase of an approximately $1.5 million apartment on New York City's Park Avenue from the <keyword id="6354553" type="COMPANY" weightage="60" keywordseo="real-estate">real estate</keyword> firm Bergel 715 Associates, a company that Kushner has a financial stake in, according to The Times.Kushner disclosed Friday in a <a href="https://s3.amazonaws.com/storage.citizensforethics.org/wp-content/uploads/2020/07/31194435/KUSHNER-JARED_Annual-Report-2020.pdf">financial report</a> that he and his wife, Ivanka Trump, earned between $1 million and $5 million in income from Bergel 715, and a source told The Times that Kushner was a part-owner of the firm when the transaction was made.Banks often have policies barring employees from doing personal business with their clients in order to avoid conflicts of interest between bankers and their employer.Deutsche Bank spokesperson Daniel Hunter confirmed the review and directed Business Insider to its statement to The Times, which said: "The bank will closely examine the information that came to light on Friday and the fact pattern from 2013."Deutsche Bank also told The Times that it was not aware that its employees — Vrablic, as well as Dominic Scalzi and Matthew Pontoriero, two of her coworkers on the company's private-banking team — had done business with a company connected to Kushner until contacted by the paper.Kushner and his family have banked with Vrablic since before she started at Deutsche Bank in 2011, according to The Times, and he told the House Intelligence Committee that <a href="https://intelligence.house.gov/uploadedfiles/jk25.pdf" target="_blank" rel="noopener noreferrer">he introduced Trump</a> to Vrablic "about six years ago."Vrablic entered the public spotlight during Trump's 2016 presidential campaign when he told The Times in an interview about his alleged <a href="https://www.nytimes.com/2016/05/24/business/dealbook/donald-trump-relationship-bankers.html">struggle finding bankers</a>: "Why don't you call the head of Deutsche Bank? Her name is Rosemary Vrablic." (Vrablic is and was not the head of Deutsche Bank; that was John Cryan at the time).Trump's relationship with Deutsche Bank has repeatedly come under scrutiny. Last year, The Times reported that the bank had <a href="https://www.nytimes.com/2019/03/18/business/trump-deutsche-bank.html?action=click&amp;module=Top%20Stories&amp;pgtype=HomepageHomepage">loaned him more than $2 billion</a> over more than two decades — with Vrablic personally steering more than $300 million his way despite his long history of defaults.Federal prosecutors from multiple jurisdictions including the FBI opened an investigation last year into Deutsche Bank after an employee <a href="https://www.businessinsider.com/fbi-investigating-deutsche-bank-for-money-laundering-kushner-transactions-2019-6">flagged a series of suspicious money transfers</a> between Kushner Companies and Russians.Lawmakers have also been seeking to use the bank as a way to gain a window into Trump's personal finances, as it has acknowledged it holds <a href="https://markets.businessinsider.com/news/stocks/trump-tax-returns-deutsche-bank-relationship-drawing-intense-scrutiny-2019-8-1028482268">private copies of his tax returns</a>.Kushner and Vrablic could not be reached for comment on this story.Correction: A previous version of this article stated that Vrablic is under investigation. She is currently under review, and the company has not yet opened an investigation.

Trump and Jared Kushner's personal banker is under review by Deutsche Bank over her purchase of a $1.5 million Manhattan apartment from a Kushner-owned company

<ul class="summary-list"><li>Ivanka Trump testified about her cozy relationship with Deutsche Bank.</li></ul>Fraud? What fraud?Ivanka Trump testified at her family's fraud trial Wednesday about her cozy relationship with Deutsche Bank, parrying accusations from the New York Attorney General's office that her company defrauded it.Former President Donald Trump's eldest daughter testified about her chummy relationship with Rosemary Vrablic, who led a private banking team at Deutsche Bank that financed some of the Trump Organization's biggest projects, including part of the Trump Tower in Chicago, the Trump Doral golf course and resort in Miami, and the Old Post Office hotel in Washington, DC.Ivanka Trump's testimony comes in a trial for a sprawling lawsuit brought by New York Attorney General Letitia James against Donald Trump, his two eldest sons, and other Trump Org executives. It alleges they defrauded lenders, including Deutsche Bank, by misrepresenting the family company's finances to obtain favorable interest rates, among other financial chicanery.During questioning Wednesday morning from Louis Solomon, a lawyer at the New York Attorney General's office, <a target="_blank" href="https://www.businessinsider.com/ivanka-trump-cant-recall-details-that-could-cost-dad-big-penalties-2023-11">Ivanka Trump said she couldn't remember much about the loans</a>. The attorney showed her emails and contracts, but she said she couldn't recall the specifics.While the attorney general's office initially included Ivanka as a co-defendant in the case, she was later removed from it after an appellate court found that she stopped working for the Trump Organization after her father won the presidency in 2016, which meant the statute of limitations barred claims against her. She is testifying in the trial only as a witness, and is the only member of Trump's family so far — her father, Donald Trump Jr., and Eric Trump — to face cross-examination from the Trump lawyers.In cross-examination by her family's lawyer Jesus Suarez, Ivanka Trump played up her closeness with Vrablic and her team at Deutsche Bank. Vrablic had a "formidable" reputation in the industry, and they trusted each other, she said."I was constantly told by Rosemary and members of her team how much they appreciated the relationship," Ivanka Trump testified.In one 2014 email, Vrablic thanked Ivanka and her family for "being such great clients" and noted they were "in the top 10 revenue-generating names" at the bank.At times, Ivanka Trump testified, Vrablic even convinced her family to take out a loan with Deutsche Bank even if they didn't need to. Ivanka said her father was planning to purchase the Old Post Office building in DC in cash, but "we liked Rosemary and her team" and thought they had a good proposal for a loan, so they went for it.Vrablic's team "periodically" came to Ivanka with possible investment opportunities, Ivanka Trump testified, whether it was properties up for sale, or working with Softbank. She gave an anecdote where, in 2011, a member of his team called her about a project."I was in the hospital, or about to go to the hospital with my first child," Ivanka Trump said. "And he called and asked if we were interested in the project."The Trumps ultimately moved forward with the project, which involved a multi-year, multi-million-dollar property renovation, Ivanka said.Trump's lawyers have argued in court that banks had to do their own due diligence for their loans. And, they say, they all got their money back — often ahead of schedule.But New York Supreme Court Justice Arthur Engoron has allowed the lawsuit to move forward anyway. Even if Deutsche didn't sue the Trumps over misrepresentations in loan documents, the attorney general's office still had the power to bring the lawsuit anyway, the judge ruled.

Ivanka testifies her relationship with Deutsche Bank was hunky-dory despite New York's AG accusing Trump Org of defrauding it

<ul class="summary-list"><li>It's the third week of defense testimony at the Trump civil-fraud trial in Manhattan.</li><li>Reps from Deutsche Bank, which NY says was defrauded, described prospering thanks to Trump. </li></ul>Deutsche Bank executives practically swooned over Donald Trump's real-estate fortune, according to internal documents made public by the defense <a target="_blank" href="https://www.businessinsider.com/trumps-ny-fraud-trial-opens-today-heres-why-still-matters-2023-9">in his New York civil-fraud trial</a>.Trump was seen as a wealthy, fiscally responsible "whale" who could open doors to his own billions and those of his "network" of fellow moguls, the documents disclosed.The internal emails and briefings, many more than a decade old, were shown on large screens in the Manhattan courtroom to bolster the defense claim that <a target="_blank" href="https://www.businessinsider.com/trump-fraud-trial-victim-deutsche-bank-shuns-f-word-2023-11">Deutsche Bank was once among the former president's most well-rewarded stans</a> instead of his fraud victim, as state officials allege.Trump's lawyers have repeatedly argued that there is no victim in this case."We are whale hunting," the former Deutsche Bank executive Rosemary Vrablic told her fellow bankers of Trump in an email from 2011, soon after <a target="_blank" href="https://www.businessinsider.com/personal-banker-trump-kushner-under-investigation-deutsche-bank-2020-8">Trump's son-in-law Jared Kushner</a> offered to make an introduction.<h2>Whale hunting?</h2>"It's a term used when there is a very high net-worth individual who is a prospective client," Vrablic explained in a crisp voice on Tuesday after she was called to the witness stand by Trump's lawyers.The bankers sometimes called their whale "The Donald," testimony showed.This endearment was apparently used just among themselves in internal emails during the heady early days of <a target="_blank" href="https://www.businessinsider.com/trumps-secret-ugly-breakup-with-deutsche-bank-revealed-2022-10">the Trump-Deutsche Bank relationship</a> when the bank eagerly loaned the soon-to-be president more than $400 million.It was money Trump used to develop his Miami golf resort, <a target="_blank" href="https://www.businessinsider.com/trump-math-lowballs-trump-tower-impact-on-chicago-river-fish-2023-9">his Chicago skyscraper</a>, and the Old Post Office in Washington, DC, projects that burnished his reputation as a billionaire developer and helped propel him to the White House."Given the circles this family travels in, we expect to be introduced to the wealthiest people on the planet,"' Vrablic rather breathlessly emailed her colleagues just 10 months into the banking relationship."The Chicago condos are selling like hotcakes," Vrablic said in an email to her fellow bankers two years later, displaying far more enthusiasm than on the stand Tuesday, when she dryly translated "hotcakes."That particular term meant "at a faster pace than we had expected," she testified, under direct examination by the Trump attorney Jesus Suarez.<div type="image" title="The Chicago skyline at night, showing Trump International Hotel &amp; Tower." height="1666" width="2500" msid="105603293" hostid="261"></div><h2>Trump defrauded Deutsche Bank out of more than $100 million, the AG says</h2>The former president has been on trial in the civil case for nine weeks now, as has his company, the Trump Organization, and five long-standing executives, <a target="_blank" href="https://www.businessinsider.com/trumps-secret-ugly-breakup-with-deutsche-bank-revealed-2022-10">including his two eldest sons</a>.The defendants have not routinely attended the trial, though they have cycled in and out of the courtroom as spectators and witnesses. <a target="_blank" href="https://www.businessinsider.com/chatty-trump-has-hard-time-yes-no-questions-witness-stand-2023-11">Trump was compelled to testify last month</a> under a state subpoena; he is scheduled to testify again as the final defense witness on December 11.The judge presiding over the nonjury trial, state Supreme Court Justice Arthur Engoron, <a target="_blank" href="https://www.businessinsider.com/trump-new-york-judge-finds-business-2023-9">has already ruled that a decade's worth of Trump's annual net-worth statements were fraudulent</a>, finding that he exaggerated the value of his assets by at least two billion dollars a year.State Attorney General Letitia James investigated Trump for three years before <a target="_blank" href="https://www.businessinsider.com/trump-finally-accepts-service-of-nys-250-million-fraud-suit-2022-10">filing her fraud suit last year</a>. She contends that Deutsche Bank was defrauded out of more than $100 million in interest income. This is interest, the state says, that the bank could have charged, using its own formulas, had Trump been truthful about his worth.This $100 million is part of <a target="_blank" rel="" href="https://www.businessinsider.com/trump-jr-learns-ny-wants-even-higher-fraud-penalties-2023-11">more than $250 million</a> the state is asking at trial for Trump to be ordered to pay back.Before retiring in 2020, Vrablic was the most hands-on banker dealing with Trump and his eldest children. Within a year of Kushner's introduction, Trump had moved $20 million in personal deposits to the bank, and Donald Trump, Jr., had also become a client, according to a Vrablic email shown in court Tuesday."Ivanka Trump will become a client for sure," Vrablic wrote her fellow bankers in the email from late 2011, adding, "She is the heir apparent of this empire."<h2>An attempt to turn 'victims' into allies, one banker at a time</h2>Vrablic was the third current or former Deutsche Bank executive called to the witness stand by the defense this week.The defense is trying to use Deutsche Bank's own executives to prove that they were not defrauded by Trump.The defense has argued that as a sophisticated international lender, the bank did its own risk analysis, apart from Trump's net-worth statements. The defense has also argued that the bank walked away with more than $100 million in interest profits by the time Trump, who never missed a payment, paid off his final loan last month.But the state has countered that any fact-checking, any profit-making, and any other non-victim-like behavior on the part of Deutsche Bank is beside the point.The real point, as lead state's attorney Kevin Wallace argued Tuesday, is that you can't lie to a bank in financial documents.Testimony in the defense case continues Thursday.

Moby Don: Trump's fraud-trial 'victim' Deutsche Bank praised him as a lucrative 'whale' in fawning in-house documents

<ul class="summary-list"><li><keyword id="6354862" type="UNKNOWN" weightage="60" keywordseo="trump">Trump</keyword>'s former banker Rosemary Vrablic was ousted after not disclosing a <keyword id="6354553" type="COMPANY" weightage="60" keywordseo="real-estate">real estate</keyword> deal: NYT.</li><li>Vrablic resigned from her managing director position at <keyword id="6357341" type="ORGANIZATION" weightage="60" keywordseo="deutsche-bank">Deutsche Bank</keyword> in December.</li><li>Deutsche worked with Trump until January, when the bank cut ties. </li></ul><keyword id="6354484" type="PERSON" weightage="60" keywordseo="Donald-Trump">Donald Trump</keyword>'s contact at Deutsche Bank, who resigned in December, was actually ousted after failing to disclose a real estate transaction involving a client, according to an internal review submitted to the Financial Industry Regulatory Authority.<a href="https://www.nytimes.com/2021/02/03/business/rosemary-vrablic-trump-kushner-deutsche.html">The new filings</a>, first reported on by the New York Times, revealed the banker, Rosemary Vrablic purchased property from a "client-managed entity." That deal involved a firm called Bergel 715 Associates. Jared Kushner, Trump's son-in-law, holds a stake in the company, according to the Times, citing Kushner's financial disclosures.Initial reports said Vrablic, a managing director, had resigned, but the filings revealed she was permitted to leave following the investigation. Her December 31 departure followed an internal investigation that began months earlier and looked into her private financial dealings, including a <a href="https://www.nytimes.com/2020/08/02/business/kushner-deutsche-trump-rosemary-vrablic.html">2013 purchase of a Park Avenue apartment</a> for $1.5 million. Read more: <a href="https://www.businessinsider.com/deutsche-banks-2019-org-chart-after-restructuring-2019-8?r=nd-sub">Here's what Deutsche Bank's org chart looks like after this year's massive restructuring and 18,000 job cuts</a>At the time of the Park Avenue deal, the former president and Kushner were carrying $200 million in loans from Vrablic's division specifically, the Times reported. Trump owes Deutsche Bank close to <a href="https://www.businessinsider.com/deutsche-bank-trump-ties-debts-after-election-reuters-2020-11">$340 million</a> in all.The bank eventually became the most consequential financial institution for Trump in the latter part of his business career, as no other banks would lend to him. Deutsch Bank in January <a href="https://www.businessinsider.com/deutsche-signature-banks-sever-ties-with-trump-capitol-siege-2021-1">severed ties</a> with the former president following the deadly January 6 siege on the US Capitol, although the bank had been mulling ending its relationship with Trump since late last year, <a href="https://www.reuters.com/article/us-usa-election-deutsche-bank-exclusive/exclusive-tired-of-trump-deutsche-bank-wants-out-but-sees-no-good-options-sources-idUSKBN27J0G0?utm_medium=Social&amp;utm_source=twittertter">Reuters reported</a>. Signature Bank also stopped doing business with the former president, Bloomberg first reported.

Trump's longtime banker resigned in December after she failed to disclose a real estate deal involving a client

<ul class="summary-list"><li>President <keyword id="6354484" type="PERSON" weightage="60" keywordseo="Donald-Trump">Donald Trump</keyword>'s main banker at <keyword id="6357341" type="ORGANIZATION" weightage="60" keywordseo="deutsche-bank">Deutsche Bank</keyword> is leaving the company, according to <a href="https://www.nytimes.com/2020/12/22/business/trump-deutsche-bank-rosemary-vrablic.html?referringSource=articleShare">The New York Times</a>.</li><li>Rosemary Vrablic, a managing director at the bank, will step down on December 31 after working with Trump for years.</li><li>Deutsche Bank stuck with Trump through several turbulent periods in his business career, loaning him billions of dollars over decades.</li><li>As legal scrutiny over Trump's business dealings mounted throughout his first term in office, Deutsche Bank has reportedly looked to <a href="https://www.reuters.com/article/us-usa-election-deutsche-bank-exclusive/exclusive-tired-of-trump-deutsche-bank-games-ways-to-sever-ties-with-the-president-sources-idUSKBN27J0G0">sever ties with him</a>.</li></ul>President Donald Trump will need a new go-to contact at Deutsche Bank upon leaving office, with his longtime banker at the firm announcing her resignation on Tuesday, according to The New York Times."I've chosen to resign my position with the bank effective Dec. 31 and am looking forward to my retirement," Rosemary Vrablic, a managing director at the bank, said in a statement to The Times.Vrablic's reason for leaving remains unclear, according to <a href="https://www.nytimes.com/2020/12/22/business/trump-deutsche-bank-rosemary-vrablic.html?referringSource=articleShare">The Times report</a>.Trump's relationship with Deutsche Bank and its billions of dollars in loans to his business over the years have drawn heavy scrutiny since he took office.The company also opened an <a href="https://www.nytimes.com/2020/08/02/business/kushner-deutsche-trump-rosemary-vrablic.html">internal investigation</a> in August into a 2013 deal between Vrablic and Jared Kushner, Trump's son-in-law and senior advisor.Deutsche Bank has been the most consequential financial institution for Trump in the latter part of his business career, with the bank continuing to loan him money when many others refused.As Trump's business dealings have come under mounting legal scrutiny, <a href="https://www.cityandstateny.com/articles/politics/new-york-city/trumps-potential-new-york-legal-woes.html">particularly in New York</a>, Deutsche Bank has looked to <a href="https://www.reuters.com/article/us-usa-election-deutsche-bank-exclusive/exclusive-tired-of-trump-deutsche-bank-games-ways-to-sever-ties-with-the-president-sources-idUSKBN27J0G0">sever ties with him</a>, according to Reuters.Because Trump has never released his tax returns, <a href="https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html">reporting by the New York Times</a> remains the most comprehensive look into his murky finances. Several investigative stories from The Times revealed Trump followed a pattern of paying little-to-no federal income taxes because he was able to write off substantial business losses.Read more: <a href="https://www.businessinsider.com/day-in-the-life-deutsche-bank-exec-business-travel-2018-10">A day in the life of a Deutsche Bank managing director before the pandemic, who used to spend 10 days a month traveling and would work out twice a day even while on business trips</a>How Deutsche Bank stuck by him through so much turbulence in his business career has perplexed experts.The bank's own anti-money-laundering specialists flagged several transactions involving Trump and Kushner from 2016 and 2017, according to <a href="https://www.nytimes.com/2019/05/19/business/deutsche-bank-trump-kushner.html">another Times report</a> from 2019.The Times found that top brass at Deutsche Bank rejected the specialists' advice and never reported any of it to authorities.

Trump's main banker at Deutsche Bank just announced her resignation

<ul class="summary-list"><li>The Manhattan DA is investigating if Trump misrepresented his finances to lenders and investors.</li><li>The DA convened a grand jury to discuss potential criminal charges in November.</li></ul>A longtime accountant of former President <keyword id="11914386" type="UNKNOWN" weightage="60" keywordseo="donald-trump" source="Orion">Donald Trump</keyword> recently gave evidence to a grand jury investigating whether Trump or his company committed fraud in their business dealings, <a href="https://www.washingtonpost.com/politics/donald-bender-rosemary-vrablic-trump-grand-jury/2021/12/14/0e72c804-5c5e-11ec-8665-aed48580f911_story.html">The Washington Post reported</a>. CNN <a href="https://edition.cnn.com/2021/12/14/politics/trump-organization-investigation-grand-jury-donald-bender/index.html">later confirmed</a> the report.The office of Manhattan District Attorney <keyword id="12124267" type="UNKNOWN" weightage="60" keywordseo="cyrus-vance" source="Orion">Cyrus Vance</keyword> Jr <a href="https://www.businessinsider.com/manhattan-trump-investigation-interview-bankers-insurers-2020-12?r=US&amp;IR=T">has been investigating</a> whether Trump or the Trump Organization inflated the value of some of his properties when trying to secure loans in 2019.In November, Vance formed a grand jury to ascertain whether his office could pursue criminal charges.Donald Bender, a Trump accountant with the firm Mazars, recently made a "brief" appearance in front of the grand jury, The Post said. Neither The Post nor CNN said when the appearance took place.Bender had access to Trump's financial information and prepared financial statements that the Trump Organization sent to lenders, CNN reported.Vance's office is also investigating <a href="https://www.businessinsider.com/prosecutors-looking-into-if-trump-lied-to-his-own-accountants-2021-12?r=US&amp;IR=T">whether Trump lied</a> to his own accountants, <a href="https://www.nytimes.com/2021/12/14/nyregion/trump-fraud-inquiry.html">The New York Times said Tuesday</a>. Prosecutors believe potential lenders to Trump were provided with optimistic projections about the value of his assets that were drawn up by the Trump Organization, The Times said.The Manhattan District Attorney's office and Mazars did not immediately respond to Insider's request for comment. During its investigation, Vance's office subpoenaed Trump's tax records and reportedly <a href="https://www.businessinsider.com/manhattan-trump-investigation-interview-bankers-insurers-2020-12">interviewed bankers and insurers from Deutsche Bank and Aon</a>.Prosecutors also recently interviewed Rosemary Vrablic, a former managing director at <keyword id="12361562" type="UNKNOWN" weightage="60" keywordseo="deutsche-bank" source="Orion">Deutsche Bank</keyword> who was in charge of arranging loans for Trump that totaled hundreds of millions of dollars, CNN and The Post both said.Vance's office previously filed a subpoena for eight years' worth of Trump's tax returns. Trump fought the subpoena in the Supreme Court <a href="https://www.bbc.co.uk/news/world-us-canada-56157745">but lost in February.</a>While details have not been made public, his tax returns can be used as part of a grand jury investigation.

A longtime Trump accountant testified before a Manhattan grand jury for the DA's criminal-fraud investigation, report says

<ul class="summary-list"><li>A new round of subpoenas has been served by both sides in New York's massive Trump fraud lawsuit.</li><li>Attorney General Letitia James said in court papers she may try to redepose Donald and Eric Trump.</li></ul>Spring is nearly here, and like swallows returning to Capistrano, Letitia James and Donald Trump are fighting over depositions again.With an October trial looming in the New York attorney general's massive, <a href="https://www.businessinsider.com/trump-loses-latest-bid-dodge-nys-250-million-fraud-lawsuit-2023-1">$250 million fraud lawsuit</a> against the former president and his business empire, Trump's side has sent out a flurry of last-minute deposition subpoenas.Subpoenas were served on as many as 10 people who Trump and his co-defendants may want to call at trial, <a href="https://www.businessinsider.com/trump-organization-jurors-hear-tale-of-two-very-different-donalds-2022-11">including Donald Bender,</a> the top Mazars USA accountant who for years prepared Trump's personal and corporate taxes. <a href="https://www.businessinsider.com/trump-banker-quit-after-undisclosed-real-estate-deal-2021-2">Rosemary Vrablic, Trump's longtime former banker at Deutsche Bank</a>, also got one, according to court papers.Michael Cohen, <a href="https://www.businessinsider.com/michael-cohens-crazy-thing-with-the-manhattan-da-trump-probe-2023-2">Trump's lawyer-turned-very-vocal nemesis</a>, got one of these deposition subpoenas from Trump as well.It was dropped off last week at his front desk, he told Insider."After advisement by counsel, I have decided to challenge the subpoena and intend on making a motion to quash," he said."The subpoena was improperly served, I am not a party to this action and the subpoena lacks any specificity as to why I am being called as a non-party witness," he added."It's just bad lawyering by team Trump."The Trump subpoenas went out within the past two weeks, and at the last minute — right up against what's known as a "timely notice" deadline. It's over this and another approaching deadline that the two sides in James' lawsuit are now battling.The deadlines are nothing new. They were agreed to by both sides back in November. Lawyers for Trump and for James had until Tuesday to give each other "timely notice" of who they will be deposing and when. And they all have until March 20 to conduct depositions.Trump's side — or more precisely, the legal teams for Donald Trump, Donald Trump, Jr., Ivanka Trump, Eric Trump, and a dozen Trump Organization executives and corporate entities, all named as defendants in James' lawsuit — are now asking for additional time to meet that March 20 deadline."The current schedule imposes significant hardship," according to <a href="https://www.documentcloud.org/documents/23694918-nyagvtrumpmarch20deadlineextentionletter22123" target="_blank" rel="noopener">a recent letter filed by lawyer Clifford S. Robert</a> on behalf the lawsuit's 16 Trump defendants. And, in a flash-back to last spring's deposition battle, James is again accusing Trump of calculated foot-dragging."The Defendants' claimed hardship is self-inflicted," James counters, in papers <a href="https://www.documentcloud.org/documents/23691957-oagvtrumpdelayresponse22223" target="_blank" rel="noopener">filed by Colleen K. Faherty, a lawyer for the attorney general's office.</a>James' lawyers accuse Trump's side of "ongoing dilatory conduct" for waiting until they were right up against the timely-notice deadline to serve any deposition subpoenas.<div type="image" title="Excerpt from court filing in New York attorney general's lawsuit against Donald Trump and the Trump Organization." height="200" width="934" msid="98375753" hostid="261"></div>James, New York's attorney general, won last year's deposition battle, if you don't count <a href="https://www.businessinsider.com/trump-invoked-fifth-5th-amendment-rights-during-ny-ag-deposition-2022-8">all the resulting pleading of the Fifth</a>.It was in the spring of 2022 when a<a href="https://www.businessinsider.com/trump-deposition-judge-order-new-york-ag-james-probe-2022-2"> Manhattan judge</a> and <a href="https://www.businessinsider.com/trump-deposition-appeal-court-dodge-testimony-ny-probe-2022-2">a state appellate court</a> ordered Donald Trump, Donald Trump Jr., and Ivanka Trump to sit for sworn depositions in the AG's Trump Organization fraud probe.The same Manhattan judge, New York Supreme Court Justice Arthur Engoron, has for more than two years refereed these continual battles over depositions and other evidence, first in James' sprawling probe of Trump and his real-estate and golf-resort company, and now in the coming lawsuit.Engoron has declined, for now, to grant the Trump legal teams' request for an in-person conference, in his lower Manhattan courtroom, where the two sides would have argued in person over moving or not moving the deadline. The ball is now in the Trump's court.His lawyers can live with whatever depositions they can conduct by March 20. Or they must file something with the court that better describes and supports their request for an "extension," as their most recent letter to Engoron vaguely calls it. Trump attorney Alina Habba did not respond to a request for comment. <div type="image" title="Michael Cohen's subpoena from the Trump defendants in New York Attorney General Letitia James' fraud lawsuit." height="1165" width="1554" msid="98375756" hostid="261"></div> Trump's side argued that the attorney general has sent them nearly 5.5 million pages of evidence from banks, accountants, insurers, and other outside entities involved in the case.There has hardly been fair chance to give this "extraordinary amount of material" the meaningful review necessary to making informed decisions about depositions, they argued."Under the current schedule, it is not possible for the Defendants to complete the extensive fact discovery required in this case by the March 20 deadline." As of February 21, no depositions had been scheduled, the letter also said.In her response, James' side — referred to as the OAG, for office of the attorney general — disputed that there's been this avalanche of new material dumped, by them, onto Trump."Approximately 85 percent of all documents held by OAG in this action were already available to the Trump Organization from the time they were created," the attorney general's letter pushed back.Planning and conducting depositions is a huge part of civil trial preparation. Both sides attend and ask questions at these videotaped, under-oath questioning sessions.The point is to avoid last minute surprises or "trial by ambush," explains Jim Sullivan, a longtime civil attorney in New York City.Leaving discovery to the last minute is so common a defense strategy, it's almost a tradition, Sullivan said. James' side spent more than a year deposing witnesses in the lead up to the lawsuit. Some 50 depositions were conducted, and those transcripts have all been shared with Trump's lawyers. Yet in their own letter to the judge, James' side suggested the attorney general's office is considering re-deposing Donald Trump, Eric Trump, and Allen Weisselberg, the former Trump Organization chief financial officer <a href="https://www.businessinsider.com/trump-cfo-allen-weisselberg-quickly-snags-coveted-safe-rikers-cell-2023-1">now serving a five-month jail term </a>for running a lengthy payroll-tax fraud scheme at the company.Weisselberg's deposition, if it happens, would have to be conducted via video from jail.Trump wanting to conduct depositions of multiple witnesses already deposed by James is also a common lawsuit defense strategy, Sullivan said, because it can be very helpful, especially if witnesses disagree with each other or contradict prior testimony. "Defendants don't have to prove anything in most cases," Sullivan noted. "What defendants have to do is create doubt."So if you've got three or four people saying three or four different things, then how can we, as a plaintiff, who has the burden of proof, prove our case?" he explained."What you're trying to do is create confusion," he added of defending any lawsuit. "Confusion is always your friend."James in her lawsuit accuses Trump of routinely lying about the value of his properties to secure hundreds of millions in bank loans and tax breaks. She's demanding some $250 million in penalties and a ban on the Trump family selling, buying, collecting rent, or borrowing money in New York. Trump has denied any fraud, <a href="https://www.businessinsider.com/how-donald-trump-will-fight-ny-ag-letitia-james-lawsuit-2022-9">and he is aggressively fighting the case</a>.A non-jury trial has been set for October 2, <a href="https://www.businessinsider.com/trump-ny-ag-fraud-trial-judge-warns-lawyers-delay-sanctions-2023-2">"come hell or high water,"</a>the delay-averse judge has promised.

In battle with Attorney General Letitia James, Trump may force his nemesis Michael Cohen to testify in his defense

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Associated PressPresident Donald Trump listens during a briefing on drug trafficking at the southern border in the Roosevelt Room of the White House, Wednesday, March 13, 2019, in Washington. Trump said during the event the U.S. is issuing an emergency order grounding all Boeing 737 Max 8 and Max 9 aircraft "effective immediately," in the wake of the crash of an Ethiopian Airliner that killed 157 people. (AP Photo/ Evan Vucci)</div></div></div><ul class="summary-list"><li>President Donald Trump was loaned more than a cumulative $2 billion over several decades by Deutsche Bank, according to a new report from The New York Times published on Monday.</li><li>The Times spoke to more than 20 people who who either currently or previously worked as executives for Deutsche Bank, giving a broader look at the scope of the relationship.</li><li>The report highlighted the business relationship between Deutsche Bank and Trump, as investigations are being conducted by two committees in Congress and the New York attorney general.</li><li>Here's what we learned.</li></ul>Deutsche Bank cumulatively loaned Donald Trump more than $2 billion over two decades when he was in real estate, according to a new report from <a href="https://www.nytimes.com/2019/03/18/business/trump-deutsche-bank.html?action=click&amp;module=Top%20Stories&amp;pgtype=Homepage">The New York Times</a>.While Trump's relationship with Deutsche Bank - which dates back to the 1990s - is not entirely revelatory, The Times spoke to more than 20 people who who either currently or previously worked as executives for Deutsche Bank, giving a broader look at the scope of the relationship.The bank was one of the few on Wall Street that would take a risk with Trump following his casino bankruptcies, <a href="https://www.nytimes.com/2016/05/24/business/dealbook/donald-trump-relationship-bankers.html?module=inline">The Times reported in 2016 ahead of that year's presidential election</a>. ("Several bankers on Wall Street say they are simply not willing to take on what they almost uniformly referred to as 'Donald risk,'" The Times Susanne Craig reported.)Deutsche Bank, however, was trying to make inroads into Wall Street by taking on clients that other banks would not work with, according to the <a href="https://www.ft.com/content/8c6d9dca-882c-11e7-bf50-e1c239b45787">Financial Times</a>. Through their ongoing business, Trump owes <a href="https://www.ft.com/content/8c6d9dca-882c-11e7-bf50-e1c239b45787" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=https://www.ft.com/content/8c6d9dca-882c-11e7-bf50-e1c239b45787&amp;source=gmail&amp;ust=1553057952189000&amp;usg=AFQjCNF2IQEL5anLjVZZQJqPt3LQq-zoRQ">Deutsche Bank around $300 million</a>, the Financial Time reported in 2017.The New York Times' Monday night report highlighted the business relationship between Deutsche Bank and Trump, as investigations are being conducted by two committees in Congress and the New York attorney general.Here's what we learned:<ul><li>Trump worked with the investment-banking division (including the commercial real-estate unit) and private-banking division.</li><li>He continued to get loans from the bank as recently as 2015, when a $170 million loan was underwritten for the transformation of the Old Post Office building in Washington, DC.</li><li>Trump continued to be loaned money despite his relationship souring with investment-banking executives: He filed a lawsuit against the <a href="https://www.ft.com/content/8c6d9dca-882c-11e7-bf50-e1c239b45787">bank in 2008 before part of a loan</a> he took out to build Trump <keyword id="6356001" type="UNKNOWN" weightage="60" keywordseo="international">International</keyword> Hotel and Tower in Chicago was due, claiming the financial collapse that year was an act of God.</li><li>One section of the investment-banking unit ended its relationship with Trump in 2004, after Trump Hotels &amp; Casino Resorts defaulted on bonds.</li><li>Trump's son-in-law, Jared Kushner, introduced him to Rosemary Vrablic, a private banker with Deutsche Bank.</li><li>Working with Vrablic, Trump secured funds to purchase Doral Golf Resort and Spa, and another $48 million for Chicago's Trump International Hotel and Tower.</li><li>The $48 million personal loan would be used to pay back the investment-banking loan. "Even by Wall Street standards, borrowing money from one part of a bank to pay off a loan from another division within the same bank was an extraordinary act of financial chutzpah," The Times called the decision.</li><li>Trump inflated his net worth on several occasions. He once said he was worth around $3 billion, but the bank said it was more like $788 million - yet Deutsche Bank continued to work with him.</li></ul>Deutsche Bank is not without its own issues with US regulators unrelated to Trump, <a href="https://thehill.com/opinion/finance/390252-unlike-other-big-banks-deutsche-bank-cant-shake-its-problems">The Hill reports</a>. In a statement to The Times, a spokeswoman said, "We remain committed to cooperating with authorized investigations." Business Insider contacted the White House, Deutsche Bank, and the Trump Organization for comment.<h2><a href="https://www.nytimes.com/2019/03/18/business/trump-deutsche-bank.html?action=click&amp;module=Top%20Stories&amp;pgtype=Homepage">Read the full report at The New York Times »</a></h2> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/alexandria-ocasio-cortez-praised-questioning-michael-cohen-hearing-trump-2019-2">Alexandria Ocasio-Cortez is being praised for her line of questioning at Michael Cohen's hearing - watch it here</a></h3> <div> </div> </div>

You Searched For "rosemary vrablic" and got 8 results

Trump and Jared Kushner's personal banker is under review by Deutsche Bank over her purchase of a $1.5 million Manhattan apartment from a Kushner-owned company

Tyler Sonnemaker

Ivanka testifies her relationship with Deutsche Bank was hunky-dory despite New York's AG accusing Trump Org of defrauding it

Jacob Shamsian

Moby Don: Trump's fraud-trial 'victim' Deutsche Bank praised him as a lucrative 'whale' in fawning in-house documents

Laura Italiano

Trump's longtime banker resigned in December after she failed to disclose a real estate deal involving a client

Natasha Dailey

Trump's main banker at Deutsche Bank just announced her resignation

Jake Lahut

A longtime Trump accountant testified before a Manhattan grand jury for the DA's criminal-fraud investigation, report says

Bill Bostock

In battle with Attorney General Letitia James, Trump may force his nemesis Michael Cohen to testify in his defense

Laura Italiano

New report claims Trump received around $2 billion in loans from Deutsche Bank

Sarah Gray,Sarah Gray

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