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In the wake of Michael Cohen's congressional testimony alleging that the Trump Organization had misinterpreted the value of assets in his representations to insurance companies, the Trump Organization's insurance broker received a large number of subpoenas on Monday. New York State's insurance regulators, the New York Times reported.
The regulator, the Department of Financial Services, conducts civil investigations and does not have the power to conduct criminal investigations, according to the Times. However, he can make referrals to local prosecutors and prosecutors.
The subpoena did not suggest that Broker Aon or his employees had committed any wrongdoing, according to the New York Times report. However, he has asked for a lot of information about the broker's activities since 2009 with Trump Org and Donald Trump himself, the report said. According to the New York Times, the information requested includes communications, contracts, agreements and compensation information for Aon employees for their work at Trump Org.
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