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Documents and testimony from former President Donald Trump’s civil fraud trial this week may undermine New York Attorney General Letitia James’ case against him.
The bank James alleges Trump defrauded was eager to land him as a client over a decade ago, according to documents presented Wednesday during his civil fraud trial and reported by The Associated Press, and a 17 -year employee of the bank testified Tuesday that the adjustments the bank made to his net worth were not unusual. Judge Engoron
ruled in September in the lawsuit brought by James that Trump defrauded banks and insurance companies by inflating his net worth and overvaluing assets.
After then-managing director of Deutsche Bank, Rosemary Vrablic, met with Donald Trump Jr., she wrote in a November 2011 email to colleagues that they were “whale hunting” — a term Vrablic explained Wednesday refers to a very wealthy client,
according to the AP.
Trump’s legal team introduced emails and documents Wednesday that detailed the bank’s interest in cultivating a relationship with Trump.
(RELATED: Trump Asks For Mistrial In Civil Fraud Case Due To ‘Tangible And Overwhelming’ Evidence Of Bias)
When considering a loan for Trump to purchase a golf resort near Miami, the bank cut his estimated $4.2 billion net worth to $2.4 billion, according to the AP. David Williams, who has worked for 17 years in Deutsche Bank’s private wealth management division and was involved with Trump Organization loans, testified Tuesday that the discrepancy wasn’t an issue for the bank,
according to CNN.
“It’s not unusual or atypical for any client’s provide[d] financial statements to be adjusted to this level to this extent,” he said during the trial Tuesday, according to CNN..
The bank New York Attorney General Letitia James alleges former President Donald Trump defrauded was eager to land him as a client over a decade ago.
dailycaller.com