Posted on 11/02/2023 9:13:15 AM PDT by SoConPubbie
New York Attorney General Letitia James, a Democrat, recently brought a lawsuit against former President Donald Trump alleging that his company and top executives, including his two sons, had been conspiring to exaggerate his wealth in financial statements that were given to banks and insurers to secure loans and make deals.
Donald Trump Jr., who served as executive vice president of the Trump Organization and headed a trust of his father’s assets while he served in the White House, testified on Wednesday that he never worked on financial statements and never misled insurers and banks. Per the Associated Press:
At least one of the annual financial statements bore language saying the trustees “are responsible” for the document. But Donald Trump Jr. said he didn’t recall ever working on any of the financial statements and had “no specific knowledge” of them.
Trump Jr. said he signed off on statements as a trustee, but had left the work to outside accountants and the company’s then-finance chief, Allen Weisselberg.
“I had an obligation to listen to the people with intimate knowledge of those things,” he said.
“I wasn’t working on the document, but if they tell me that it’s accurate, based on their accounting assessment of all of the materials, these people had an incredible intimate knowledge, and I relied on it,” he added.
Donald Trump Jr. will return to the stand on Thursday. At least one moment during his Wednesday appearance sparked some social media buzz when he joked on how he should’ve worn makeup in the face of so many reporters and photographers.
(Excerpt) Read more at breitbart.com ...
Bravo Sierra Show Trial
Yes, and all the anti-Trumpers cheering this on should remember they won’t be so amused when the commies decide it’s THEIR turn for a show trial.
It’s a travesty how these bogus lawsuits are allowed to go on.
I don’t understand. This was a private transaction between an individual and a lender. If the lender was willing to make the loan, what business is it of the gov’t to question the transaction? Who is the plaintiff, the lender or the gov’t? And if the gov’t, on what grounds? If the lender is satisfied with the collateral for the loan and, with a loan of this size, we have to assume they did do their due diligence, there is no grounds for the suit.
Those are either with the people doing it, or being paid imho (which is pretty much the same thing).
On the prosecutors table was noticed a book.
“HOW TO CONDUCT A SHOW TRIAL”
By Lavrentiy Beria.
My sarcasm is very close to reality today. We are no longer a Democratic Republic.
Years ago I refinanced my house and borrowed against it for investing in more property. I made out very well in both transactions. At the time I said my property was worth 220k. The bank said it was worth 200k. The bank used their estimate and not mine.
Happens all the time
Complete witch hunt here. They are trying to bankrupt him with legal fees.
All of the loans based on the disputed property valuations were fully paid back, no discharge of debt from a bankruptcy court was involved.
So where is the “standing” to even bring this lawsuit in the first place?
Jr made it clear today that his father had no influence over the business during his time in the white house which means the statute of limitations applies to him here the same as the kids which has already been appealed and won by the trump kids.
exactly, every bank involved MADE money and happily gave the money.
If you have good credit the bank doesn’t care if you have 1 billion in assets or 3 billion! they would have given you the loan if you only had 10 MILLION!
None of this makes sense, until you realize they only are doing this to “get Trump”
“So where is the “standing” to even bring this lawsuit in the first place?”
Standing only applies to election fraud cases, where apparently nobody is harmed by said election fraud, (see current world condition).
When prosecuting Trump, no harm need exist; baseless charges will suffice when you have a couple of lib circle-jerk court officers rubbing up on each other...
I doubt that any of the kids ever read those type of financial documents. The corporation pays million$ to CPAs to fill out and submit those forms. Since the CPAs have to sign them as well as a Trump, the CPAs are on the hook legally as well. Are any of the accounting firm(s) principals being dragged into court also? If not why not?
Guys at the top of the corporate world don’t wade into details. They only read summary reports created by the bean counters for board meetings.
It’s simple; the judges are biased against Trump. The cases should never have been brought, and once brought, they should have been dismissed. But judges make those decisions.
The real problem is that there are seemingly no no negative consequences for corrupt DAs losing cases, or for corrupt judges’ rulings being reversed on appeal.
The way it should work is that a DA’s career can be ruined by losing too many cases, and a judge’s career can be ruined by having too many of their decisions reversed by a higher court.
This is supposed to be a deterrent against weak and frivolous cases… I guess they being paid by Soros types to risk their careers I order to get Trump.
Exactly right! This is what happens when mistakes are costless to the entity making the mistake. We should adopt the system where, if you lose your case or it is reversed upon appeal, you are responsible for all of the costs associated with bringing that case to court in the first place. An added benefit is that a lot of frivolous cases would never see the light of day, reducing the backlog we see in the courts.
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