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.
I appreciate your certainty and optimism, but at the end of the day it’s going to come down to the jurors. I don’t have any faith that a mostly random group of 12 people isn’t going to have at least 1 MAGAt. Just look at the grand jury votes to indict. They weren’t unanimous, because there were people that refused to believe Trump and Co could do wrong.
This current trial is being determined by the judge. There is no jury.
Right but this isn’t a criminal trial so don’t result in jail, right?
I dunno, I was just correcting the above.