Trump's Testimony in Fraud Trial: Last Defense Witness or Final Nail in the Coffin?

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Source: Fortune
Trump's Testimony in Fraud Trial: Last Defense Witness or Final Nail in the Coffin?
Photo: Fortune
TL;DR Summary

In the civil fraud trial against former President Donald Trump, a managing director at Deutsche Bank testified that the bank followed its own guidelines when loaning hundreds of millions of dollars to Trump's company. The loans are at the center of a lawsuit by the New York Attorney General, who alleges that Trump and his company deceived lenders by inflating asset values and net worth. The managing director stated that the bank viewed clients' financial statements as subjective and subject to estimates, and they routinely made adjustments. Trump's lawyers sought to have the case dismissed, arguing that the bank had no issue with the discrepancies in Trump's financial statements. The judge will decide the verdict as there is no jury.

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