NYT: New York Insurance Regulators Subpoena Trump Org's Broker

[DonViejo]

Source: Talking Points Memo



By Tierney Sneed
March 5, 2019 3:38 pm

On the heels of Michael Cohen’s congressional testimony alleging that the Trump Organization mischaracterized asset values in its representations to insurance companies, the Trump Organization’s insurance broker received an expansive subpoena Monday from New York state insurance regulators, the New York Times reported.

The regulator, the Department of Financial Services, conducts civil investigations and does not have the authority to conduct criminal investigations, according to the Times. However it can make referrals to local and state prosecutors.

The subpoena did not suggest that the broker Aon or its employees committed any wrongdoing, according to the New York Times report. However, it requested scores of information about the broker’s business since 2009 with the Trump Org and Donald Trump himself, the report said. The requested information includes communications, contracts, agreements, and information on how Aon employees were compensated for their work with the Trump Org, according to the New York Times.

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Read more: https://talkingpointsmemo.com/muckraker/trump-org-insurance-broker-subpoenaed

[ffr]

1. Beautiful news! NYT headline: Trump Organization's Insurance Policies Under Scrutiny in New York

New York State just revealed a criminal investigation into Donald Trump’s history of insurance fraud, and it’s going about it in a novel way. Instead of trying to get the incriminating records by subpoenaing the Trump Organization, which might not work, New York is instead subpoenaing the Trump Organization’s longtime insurance broker. The broker is surely willing to cooperate in order to remain in good standing with the state. - Palmer Report

Now we're into drive with the pedal to the metal!

[mr_lebowski]

3. Lol at Palmer ...

"The regulator, the Department of Financial Services, conducts civil investigations and does not have the authority to conduct criminal investigations, according to the Times. However it can make referrals to local and state prosecutors. "

[lagomorph777]

5. Yikes. Pardon-proof and bulletproof subpoenas.

Not good news for President Turd.

[Julian Englis]

2. K&R--waiting for the TweeTantRump n/t

[duforsure]

4. Why isn't Florida doing this too?

Will this expose them for protecting him for illegal acts to defraud insurance companies there too? Couldn't the Florida AG be held accountable if he's looking the other way with this too?

[lagomorph777]

6. SPeaking of FL AGs, what about Pam Bondi?

Shouldn't she be in jail by now?

[Gatoloco]

7. Impeach the mf'er

Corrupt as they come.