Recently, Scott Schirick spoke with German newspaper Handelsblatt about U.S. Special Counsel Robert Mueller's subpoenaing of Deutsche Bank in connection with the investigation of alleged ties between Russia and Donald Trump's presidential campaign. While Trump's personal lawyer John Dowd has denied that any "financial records relating to the president" had been subpoenaed, Handelsblatt and other members of the international press, including the Wall Street Journal, Financial Times and Bloomberg, are standing by reports that Mueller's office issued a subpoena seeking information about financial transactions and loans connected with Trump's camp weeks ago.
Schirick, a partner in Pryor Cashman's White Collar Defense + Investigations practice, told Handelsblatt that Dowd's statement "should be parsed carefully. Saying the bank hasn't received a subpoena regarding the president doesn't mean that the bank hasn't received a subpoena about the president's various business interests. It's doubtful that Trump conducted any of his business personally, as to opposed to through entities."
According to reports, Deutsche Bank has long been the financier of Trump and his family. While it remains unclear whether the subpoena relates to the president himself or a member of his family, it is now clear that Mueller's team is examining the financial flows of Trump's private businesses.
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