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

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.
- Deutsche Bank MD testifies on Trump’s inflated income statements: ‘It’s not an industry standard that these statements be audited’ Fortune
- Ex-Federal Prosecutor Thinks Trump's Lawyers Doomed Him With Latest 'Dumb' Move Yahoo News
- Trump fraud-trial 'victim' never used the F-word for fraud Business Insider
- Trump will be final defense witness at New York fraud trial, lawyer says NBC New York
- Trump to return to witness stand as last defense witness called in civil fraud trial The Hill
Reading Insights
0
10
4 min
vs 5 min read
85%
827 → 120 words
Want the full story? Read the original article
Read on Fortune