Donald Trump got caught red-handed during his $250 million New York bank fraud trial on Monday when lawyers for the New York attorney general’s office revealed Trump had long ago signed financial documents with the clear intent that they would be used to curry favor with banks.
After being shown a loan agreement he had signed with Deutsche Bank in 2012, Trump agreed that his faulty financial statements were intended to induce banks to lend money.
While it might not sound like much, the admission is key to the New York attorney general’s case, which hopes to prove that Trump deceived banks and insurers by massively overvaluing his net worth. Trump essentially admitted on the stand that these financial documents were produced with the express intent to induce lending. The Trump Organization was likely able to secure loans at far lower interest rates due to all the overinflated valuations.
@RojoSanIchiban
Remindme! 12 months.
While I would love to be wrong, I’ll prep the “I told you so”.
As far as assumptions go, I base them on 77 YEARS of no penalty for a life of crime or do you want to argue that simple fact?
You? You enjoy your dream.
Did you even trigger the remindme bot? Or were you just being cheeky? Lol
Either way, I want to know which of you is right.
@remindme@mstdn.social 12 months
@Lifecoach5000 Ok, I will remind you on Thursday Nov 7, 2024 at 9:31 AM PST.
With your level of conviction to willful ignorance, you may as well grab a maga hat. Or you can go fucking learn something about the legal system instead.