Schiff Hires Ex-Chief of FBI Financial Crimes Section as House Intel Committee Ramps Up Investigations Into Trump’s Finances
House Intel Chairman Adam Schiff (D-CA) hired Patrick Fallon, former chief of the FBI’s Financial Crimes Section as he ramps up his investigations into President Trump’s finances.
The Daily Beast and CNN reported that Schiff doesn’t feel Mueller’s probe was robust enough so he hired Patrick Fallon to help enforce his committee’s subpoenas.
This comes on the heels of Schiff hiring Daniel Goldman as the panel’s director of investigations. Goldman worked out of the Southern District of New York and specializes in Russian organized crime.
Former Assistant Director of the FBI’s CI Division Frank Figliuzzi said Schiff’s hiring of Patrick Fallon is a big deal.
“The fact that the Committee has hired someone at the former senior executive service level from within the FBI’s Financial Crimes Section is significant, and to me denotes an effort to apply significant resources to examining and analyzing financial findings,” Figliuzzi told the Daily Beast. “By the time you got to the head of the Financial Crimes section, you would have substantial white collar crime and global financial crime experience, both at the street level and the supervisory level. And his role at headquarters would have had him overseeing the bulk of all financial crime cases in the FBI.”
The Dem-controlled House Intel Committee and the Financial Services Committee have subpoenaed Trump’s Deutsche Bank records to continue to harass the president.
President Trump, his family and the Trump Organization Monday sued Deutsche Bank and Capital One to prevent the companies from complying with Congressional subpoenas.
Donald Trump, his three children, Ivanka, Don Jr., and Eric; and his business filed a federal lawsuit in New York’s Southern District against the banks Monday.
“The subpoenas were issued to harass President Donald J. Trump, to rummage through every aspect of his personal finances, his businesses, and the private information of the President and his family, and to ferret about for any material that might be used to cause him political damage. No grounds exist to establish any purpose other than a political one,” Trump’s attorneys wrote in the complaint filed late Monday.
Trump’s attorneys said the lawsuit is meant to protect Donald Trump, his children and his family business.
“The subpoenas issued to Deutsche Bank and Capital One by Chairpersons Schiff and Waters are unlawful and illegitimate,” the statement read. “They seek information going back decades from anyone with even a tangential connection to the President, including children, minors and spouses. Every citizen should be concerned about this sweeping, lawless, invasion of privacy. We look forward to vindicating our clients’ rights in this matter.”
Deutsche Bank said it will comply with all Congressional subpoenas.
“We remain committed to providing appropriate information to all authorized investigations and will abide by a court order regarding such investigations,” Deutsche Bank said in a statement.
President Trump recently sued Chairman of the House Oversight and Reform Committee Elijah Cummings over his panel’s subpoena to Mazars, Trump’s former accounting firm.