The civil fraud case against Donald Trump took a hit when a Deutsche Bank executive testified that the loan Trump received was not unusual, with the bank capable of making its own judgment on the guarantor’s financial condition.
The bank allegedly internally discounted Trump’s net worth estimate, leading to Trump calling for the case to be dropped.
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 News reported. (Trending: Another Major Company Goes Woke And Goes Broke)
The ongoing legal battle against former President Donald Trump just experienced a bit of a twist.
The testimony that was given by an executive from Deutsche Bank appeared to completely shatter the narrative being pushed forward. pic.twitter.com/EnwGH0OXFd
— The Epoch Times (@EpochTimes) November 30, 2023
“Is the bank capable of reaching its own judgment based on the evaluation it makes of the guarantor’s financial condition?” Trump attorney Jesus Suarez asked Williams.
“Certainly, yes,” Williams stated.
Another bank executive added that Trump held one of the “strongest personal balance sheets we have seen.”
Trump took to social media, posting:
“Deutsche Bank said today in Court:
‘Strongest personal balance sheets we have seen.’
‘Great franchise opportunity.’
Expert ‘in successfully running world class assets.’
This Case must be dropped immediately. The whole World is laughing at the New York Court System. We have become a Communist Country!”
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