Ex-Trump Organization CFO Allen Weisselberg has taken the stand in the second week of Donald Trump's civil fraud trial. Weisselberg is expected to testify against the former president and his company. One witness, Jeffrey McConney, who worked for the Trump Organization, testified that he overvalued Trump's properties to increase his net worth. However, it is suggested that this testimony may not have a significant impact on the trial. Another development in the trial is a dispute between Judge Engoron and a Trump Org employee over the size of Trump's New York penthouse. Evidence presented in court shows that Trump signed a document 30 years ago that gave the true size of his penthouse, which was later listed as larger on his financial statements. Weisselberg also admitted to providing Trump with financial statements before they were finalized and receiving comments from him. The trial also revealed that the Trump Organization's financial statements inflated the value and size of some assets. A former Deutsche Bank risk manager testified that decisions on loans were made based on inflated financial statements. It was revealed that Trump obtained hundreds of millions of dollars in loans using fraudulent financial statements. Deutsche Bank admitted in court that they were aware of Trump's false statements and had to adjust the numbers accordingly. Overall, the trial continues to uncover evidence of potential fraudulent practices within the Trump Organization.
Even Trump's biggest lender, Deutsche Bank, just admitted in court that they KNEW Trump lied his ass off on his financial statements and they'd have to apply the "Trump haircut" to get a more realistic number, usually by half. Deutsche has since quit Trump.
How to make both your client and the bank look terribly bad. Deutsche banker testifies at Trump trial. “But also, we, the bank, hadn’t done all of the due diligence one would do, in the sense of the opinion of value that you would see in an appraisal.” https://t.co/0BvMEzo9a4
Donald Trump has all kinds of tricks to avoid paper trails. https://t.co/WYgpuw1veT
A former Deutsche Bank risk manager testified at Donald Trump’s civil fraud trial that he made decisions on hundreds of millions of dollars in loans based in part on inflated financial statements https://t.co/GVnNZqxSWb
Donald Trump obtained hundreds of millions of dollars in loans using financial statements that a court has since deemed fraudulent, a retired bank official testified Wednesday at the former president’s New York civil fraud trial. https://t.co/LHyvxXOnBT
Yes, Alexander is the one who broke the story that Trump lied in his financial disclosures that his NY apartment was 30,000 sq. feet when it was only 10,000. https://t.co/OPZSRoCyco
Yes, Alexander is the one who broke the story that Trump lied in his financial disclosures that his NY was 30,000 sq. feet when it was only 10,000. https://t.co/lqCilbSMHJ
In #PostLetters: The Trump Organization’s alleged "shenanigans" warranted action https://t.co/N3db8mxvoV
Former Trump executive Weisselberg gives up little in latest testimony https://t.co/mFnorYUuDz
Donald Trump has claimed in official bank statements that his Manhattan triplex is 30,000 square feet, when in reality it is approximately one-third that size. Read the latest from @besslevin: https://t.co/Tb5MEdGwvr
The Trump Organization’s longtime finance chief Allen Weisselberg said under questioning that the real-estate empire’s financial statements inflated the value and size of some assets https://t.co/rxdMwPu0Wr
Ex-Trump Org CFO Knew Size Of Trump’s Penthouse Was Inflated, He Testifies https://t.co/GQzZf98aVI https://t.co/YGtUAah2Ym
Ex-Trump Org. CFO Allen Weisselberg just acknowledged that from 2011 until Trump became president, he would give Trump the statements of financial condition before they were finalized. Weisselberg said he "periodically" received comments on them from Trump. @NBCNews
After a recent jail stint for tax fraud, Donald Trump's longtime finance chief Allen Weisselberg is set to testify today in the fraud lawsuit against the Republican former president and his company the Trump Organization. https://t.co/jsHzp6XK7p
Donald Trump signed a document 30 years ago that gave the true size of his New York penthouse that was later listed as far larger on his financial statements, according to evidence shown Tuesday at the former president’s civil business fraud trial. https://t.co/IS1cDbbP0g
Today, Jeffrey McConney, a sellout who worked for the Trump organization, is in court testifying that he over valued Trumps properties to increase his net worth. The reality is that none of it matters. Trump received loans because he’s a well established businessman and he… https://t.co/NMLM40rHn1 https://t.co/utvwYt5UFx
Judge Engoron is currently bickering with a Trump Org employee about the size of Trump's New York penthouse, per a document signed 30 years ago. Banana republic stuff. https://t.co/gE4qNAGoJJ
Ex-Trump Org. CFO Allen Weisselberg is now on the stand — starting the second week of Donald Trump's civil fraud trial.
LIVE UPDATES: Former Trump Organization CFO Allen Weisselberg is set to testify today in Trump's civil fraud trial. https://t.co/cIHgFaxGDS
Donald Trump’s longtime finance chief is set to testify Tuesday in the civil fraud trial against the former president and his company. https://t.co/2fsI0Gco2Q