"Trump's Fraud Trial Uncovers Incomplete Financial Reports, Executive Claims"

An executive from the Trump Organization testified in Donald Trump's civil fraud trial that the company no longer prepares the comprehensive financial statements that are at the center of the New York Attorney General's lawsuit. The state contends that these statements contained deceptive numbers that inflated Trump's asset values and net worth. The defense argues that the company still produces various audits and financial reports specific to its components, but the comprehensive reports are no longer required by lenders or any constituency. The trial, now in its second month, is examining Trump's real estate empire, and the judge has already ruled that Trump and other defendants engaged in fraud. The current proceeding will decide remaining claims of conspiracy, insurance fraud, and falsifying business records.