In a civil fraud case against Donald Trump, a Deutsche Bank executive testified that it’s not unusual for the bank to cut a client’s stated asset value by 50% and still approve a loan, as it did with Trump.
The executive also stated that the bank is capable of reaching its own judgment based on the evaluation of the guarantor’s financial condition.
According to Bloomberg News, 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.” (Trending: Another Major Company Goes Woke And Goes Broke)
Williams, a managing director at Deutsche Bank, was asked by Trump attorney Jesus Suarez, “Is the bank capable of reaching its own judgment based on the evaluation it makes of the guarantor’s financial condition?”
“Certainly, yes,” answered Williams.
Trump reacted on Truth Social, calling for the case to be dropped and criticizing the New York Court System.
“This Case must be dropped immediately,” wrote Trump.
Adding, “The whole World is laughing at the New York Court System. We have become a Communist Country!”