The New York Attorney General’s lawsuit against former President Donald Trump, which framed Deutsche Bank as a victim in an alleged asset inflation scheme, has been challenged.
Testimony from a bank executive indicated that the bank approved of Trump’s asset valuation despite internal adjustments.
Trump’s defense seeks to undermine the state’s version of events, claiming that the case is politically motivated. (Trending: Donald Trump Confronts Bud Light CEO)
Deutsche Bank Executive, David Williams, testified in Trumps NY civil lawsuit, that when he worked on several of Trumps loans, “he had one of the strongest balance sheets we have ever seen, and totally unlike any of our major developer clients.
He (Trump) reported both a net… pic.twitter.com/Rfgw6ELT1C— 🇺🇸ProudArmyBrat (@leslibless) November 30, 2023
The Attorney General’s prosecution appears to be based on a “difference of opinion” regarding asset values.
“Deutsche Bank, which loaned hundreds of millions of dollars to Trump for properties in Miami, Chicago and Washington, cut his stated net worth in 2011 and 2012 from about $4.2 billion to $2.3 billion, according to internal bank credit memos,” the report noted.
“The same documents indicated the bank approved the loans anyway because it expected them to generate a profit based on Trump’s history of successful developments and other criteria,” the report added.
“As part of our due diligence, we subject a client’s asset value to adjustments,” said David Williams.
“It’s part of our underwriting process we apply it to every client regardless of what’s reported.”
“Is a difference of opinion in asset values between the client and the bank a disqualifying factor to extend credit?” Trump lawyer Jesus Suarez pressed Williams.
“No,” he replied.
“Why not?”
“It’s just a difference of opinion,” Williams said.
“I think we expect clients to provide information to be accurate.”
These cases are being portrayed as partisan show trials for political purposes.
POOR UNINFORMED LETITIA JUST CAN'T WIN FOR LOSING.
Deutsche Bank May Have Just Destroyed Letitia James’ Civil Fraud Case Against Trump
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… pic.twitter.com/8sy0AuNACV
— BelannF (@BelannF) November 29, 2023
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