The DFS is conducting a civil investigation into Trump Organization’s insurance practices. If the regulator finds evidence of criminal activity, it is expected to refer the matter to state prosecutors.
In 2017, the regulator investigated the Trump Organization’s business dealings with Deutsche Bank. Its probe did not result to any enforcement action against the bank.
Currently, New York federal prosecutors are investigating the Trump Organization’s possible campaign-finance violations related to the hush-money paid to women who claimed to have affairs with Trump. Prosecutors are also looking into possible financial abuses involving more than $100 million donations for the President’s inauguration.
Last year, the New York Attorney General’s office sued the Trump Foundation for allegedly committing a pattern of illegal conduct. The Foundation dissolved itself amid the allegations.
