The New York State Department of Financial Services has opened an inquiry into the Trump Organization's insurance practices, sending a subpoena Monday to the company's longtime insurance broker, according to a person familiar with the matter.
The nine-page subpoena, sent to Aon Plc, was issued days after President Donald Trump's former personal attorney Michael Cohen suggested in testimony to Congress that the Trump Organization had inflated the value of its assets, this person said.
[...]
The inquiry by the Department of Financial Services adds to a growing collection of investigations concerning Trump's family business, including an ongoing criminal probe out of the Manhattan US attorney's office and a broad document request on Monday by the House Judiciary Committee, which is seeking records from the company and several of its executives.
While the Department of Financial Services doesn't have the ability to bring criminal charges, it can refer its findings to state prosecutors for further action.
The department regulates financial institutions and insurers, and it can impose significant fines or other penalties if it finds impropriety.
CNN
...but hey, do what you want...you will anyway.
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