Deutsche Exec’s Testimony Killed NY AG’s Case Against Trump

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New York Attorney General Letitia James’s case against Donald Trump in Manhattan took a huge hit yesterday when the Deutsche Bank executive David Williams said that high-wealth clients are allowed to elevate their net worth on financial statements.

There is no case.

Besides, no bank accepts an applicant’s appraisal. They always do their own. Her case is so ridiculous that she should be impeached, but New York is too corrupt for that.

James is trying to make a criminal case out of practice that is common, and there were no victims nor is there a crime.

Letitia James smirking during the civil trial against Donald Trump.

Deutsche Bank lent hundreds of millions of dollars to Trump for properties in Miami, Chicago, and Washington. In 2011 and 2012, the bank cut Trump’s stated net worth from roughly $4.2 billion to $2.3 billion but approved the loans based on Trump’s history of successful developments and other criteria. “It’s not unusual or atypical for any client’s provide financial statements to be adjusted to this level to this extent,” Williams explained.

“We expect clients provided information to be accurate,” he continued, but “at the same time, it’s not an industry standard that these financial statements are audited they [are] largely reliant on the use of estimate…”

Williams testified that Trump had “one of the strongest balance sheets we have seen and totally unlike any of our major redeveloper clients.”

“He reported both a net worth and investable assets well in excess of our minimum requirements.”

James is a Soros-funded Attorney General.

Trump paid the loans. Banks made a large profit. Executives were happy and wanted more Trump business. Despite that, James wants the “corporate death penalty.” She wants to take away his properties and prevent the Trump family from doing business in New York.


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jazzfusionary
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jazzfusionary
2 months ago

Another nail in the coffin that was DOA from the get go. The most partisan racist, Soros bought DA Letitia is the big criminal here. Too many NY’ers are too corrupt to be outraged but they should be. Using public funds for lawfare for your own personal vendetta is theft of services and an attack on all NY, our country and freedoms.

Tim Kuehl
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Tim Kuehl
2 months ago

Yes, James’ case against Trump is partisan politics at its worse and she really has no case at all. But you must remember the judge as made himself judge, jury and executioner and this pervert judge hates Donald Trump.

Anonymous
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Anonymous
2 months ago

I know of no other person who has been president or is running for president aside from Trump who could go through the witch hunts he has gone through. Aside from the fact he kept all of his campaign promised the first, this alone should get him elected — strong man.

Peter B. Prange
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Peter B. Prange
2 months ago

How exciting! Letitia James Beria campaigned on getting Trump; brought trumped up charges that are are a figment of her imagination (she sound like one sick puppy probably in need of serious psychiatric care) and now the house of cards is falling down.
Of course she uses not her own dollars, but tax payers dollars to fund her quest to be the ‘smart’ black woman who punished bad rich whities. Talk about sick racists!

Anonymous
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Anonymous
2 months ago

I’m hoping for a huge lawsuit against that repulsive woman. Trump will be convicted but will be exonerated on appeal. Let’s hope he gets a substantial settlement.

jazzfusionary
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jazzfusionary
2 months ago
Reply to  Anonymous

Has to happen. Letitia James needs to be personally sued for this. A gross misuse of public funds and public trust.