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James has accused Trump; his eldest sons, Don Jr. and Eric; the Trump Organization and others of fraudulently inflating the values of Trump's assets for financial gain. She is seekingTrump and James separately addressed the press outside the courtroom after the former president's testimony wrapped up for the day.
Likewise, there can be a dramatic effect to foregoing cross-examination in front of a jury — as if to signal the foregoing lawyer’s view of the weakness of the case on direct examination. But given that any of the in-court theatrics here have been and will be for the benefit of Trump himself and/or his fans, there’s a different calculation at play here.In case you were wondering if Team Trump will present a case, the answer is absolutely.
Engoron relents and says they may do so in writing; Habba pledges to do so “delicately.” Engoron asks them to do so through a procedural mechanism known as an order to show cause, which the judge will see but which is not filed until he signs it.As he did yesterday — and not for the first time then — Trump complained in an afternoon rant on the witness stand about not having a jury in his civil fraud trial.
Asked whether he will be making changes to the internal controls of the Trump Org. based on what he’s learned from this lawsuit, Trump says, “It will depend on what the accountants say,” perhaps informed by lawyers. Trump says it’s possible that they will change and that he’s asked for a recommendation.
When asked how much profit he obtained from that transaction, Trump responded, “Above or around that number.” He was also asked if the total proceeds were $139 million, and again, he affirmed that the total was around or above that number.
Trump not only guaranteed the residential and hotel segments of that loan but also made a series of representations and warranties to induce Deutsche Bank to lend to him. One of them is that his statements of financial condition are true and accurate in all material respects and present fairly his financial condition as of June 30 of each year.
The AG's team has shown that despite much lower, and sometimes even negative net revenue from leasing that same building, Trump told a Forbes reporter — on tape — that that building “threw off” between $50-60 million per year, another conversation Trump did not recall.
So, another way of reading Habba’s answer is that her client is out of control, and she either can’t or won’t do anything about it.OK, the question answers itself. But we got some evidence that further confirms the obvious.a misleading statement that quoted Judge Engoron as saying: “NO, I’M NOT HERE TO HEAR WHAT HAS TO SAY.”
But Rosenberg noted that Engoron is"an experienced jurist” and it doesn't appear as though he's made any such statements. Trump is equally furious about Wallace’s questions, which are exploring why Mar-a-Lago is assessed differently for tax purposes than it is valued in Trump’s statements of financial condition.Wallace asks Trump if he stands by the valuations of all other assets in the 2014 statement of financial condition
Wallace later returns to the statement of financial condition, which refers to 1,486 homes, only 500 of which are described as single-family homes. The state attorney asks Trump to confirm that the number in the"backup data does not match the number of homes in the statement of financial condition."Even worse, Wallace asked Trump to admit that in 2014, because of wind farms that had been put in, then-Trump Org.
As Wallace is recounting now, the deed prohibits the construction of new buildings as well as the renovation of the interior of the mansion in a way that would make it inhabitable as a single-family home.State attorney Kevin Wallace asks Trump about his involvement in the 2021 statement of financial condition. Trump says his focus at that time was on China and Russia and"keeping our country safe," drawing some laughs from the courtroom.
Though the Trumps are apparently trying to deflect responsibility to accountants, for example, accountants need to get their information from somewhere, so the state is seemingly trying to build as strong a record as possible of the degree to which that information came from the Trumps, including Donald Trump himself.Engoron is becoming more and more frustrated with Trump's time on the stand so far.
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