"Trump's Convicted Finance Chief Downplays Fraudulent Numbers in Trial"

1 min read
Source: Yahoo Finance
TL;DR Summary

Allen Weisselberg, the convicted finance chief of Donald Trump's company, testified in a fraud trial, downplaying the sketchy numbers and exaggerations in Trump's financial statements. Weisselberg faced questioning from the New York attorney general's office regarding his role in inflating Trump's bank balance by billions of dollars. The trial centers around allegations that Trump and his top executives committed fraud by submitting false valuations, inflating Trump's net worth by up to $2.2 billion in some years. The attorney general seeks to prevent Trump and his codefendants from leading New York businesses in the future. Weisselberg's testimony revealed his limited recollection and downplayed any fraudulent activity by Trump.

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