A Deutsche Bank executive who worked to approve at least one of Trump's loans testified on Tuesday that it is "Atypical, but not entirely unusual" to reduce a client's asset values and still approve a loan.
"A Deutsche Bank AG executive gave testimony that could bolster Donald Trump's defense in his civil fraud trial, telling a New York judge that prospective clients can get loans even after reporting a net worth far higher than the lender's own calculations." Bloomberg reported.
"David Williams, who worked on at least one of three loans Deutsche Bank made to Trump in the years before he was elected president, testified Tuesday that it's"Atypical, but not entirely unusual" for the bank to cut a client's stated asset value by 50% and approve a loan anyway, as it did with Trump," Bloomberg reported.
Late last month far-left New York Judge Arthur Engoron blasted Trump's lawyers and said fining Trump for 'illegal profits' is an 'available remedy' - in a fraud case with zero victims.
Engoron said fining Trump for 'illegal profits' is an available remedyeven though there are no victims and a Deutsche Bank executive testified that loaning Trump was a "Good credit decision." Trump's former lawyer Michael Cohen, a convicted felon, testified last month.
"So Mr. Trump never asked you to inflate the numbers on his financial statement," Trump attorney Cliff Robert asked Michael Cohen, according to CNN. "Correct," Michael Cohen said.
Trump's lawyer Cliff Robert immediately asked the judge to dismiss the trial because Cohen, the key witness, just told the court that Trump never instructed him to inflate his assets.
https://www.thegatewaypundit.com/2023/11/deutsche-bank-may-have-just-destroyed-letitia-james/
No comments:
Post a Comment