In a dramatic fallout from Donald Trump's New York civil fraud case, his former personal security chief has been abruptly dismissed from a subsequent high-profile role. Erik Siebert, a trusted protector of the ex-President, was fired from his position at a major financial institution after his deep involvement in the Trump Organization's legal battles came to light.
The revelation, uncovered by New York Attorney General Letitia James's office, has sent shockwaves through corporate circles, raising serious questions about the due diligence processes at his now-former employer, Axos Bank.
A Guard's Downfall: From Protector to Central Figure in $464m Case
Siebert was not merely a peripheral figure in the historic case. Court documents and the Attorney General's investigation placed him at the very heart of the Trump Organization's operations. His role extended far beyond security, delving into the transfer of sensitive financial documents and communications between key players.
This elevated status made him a significant witness in the case that ultimately found Donald Trump, his adult sons, and their company liable for fraudulently inflating asset values to secure loans and insurance deals.
The Axos Bank Appointment and Swift Termination
Following his tenure with Trump, Siebert was hired as a senior vice president at Axos Bank. The institution itself had drawn scrutiny for its financial dealings with the former President, including a 2022 deal to refinance over $50 million in loans for Trump's properties.
However, his employment was short-lived. Axos Bank confirmed his termination, stating his departure was a direct result of the information uncovered by AG Letitia James. The bank asserted it was unaware of the full extent of his involvement in the fraud case at the time of hiring, a claim that has sparked debate over corporate vetting procedures for high-level appointments.
Broader Implications: Scrutiny Beyond the Dismissal
The fallout continues to expand. The House Committee on Oversight and Accountability has now launched an inquiry into Axos Bank's dealings with Donald Trump. Committee members are demanding answers regarding the bank's underwriting standards and the nature of its relationship with the Trump Organization.
This incident underscores the lingering and wide-reaching consequences of the New York fraud case, demonstrating that its impact extends far beyond the Trump family to ensnare associates and business partners, leaving a permanent mark on their professional careers.
