![]() ![]() Don’t take anything from this statement for granted.” Trump said the disclaimer instructed banks and others: “Do your own due diligence. Regardless, he said, the statements had a “disclaimer clause that was very, very powerful” that absolved him and his company of responsibility. Trump testified that he had no qualms with how his financial statements turned out and that, if anything, they undervalued some of his properties. Trump testified that he typically kept $300 million to $400 million in the bank, saying, “I’ve had a lot of cash for a long time.” He testified that the documents, which listed values for his properties and assets, were “nice to see” but “weren’t very badly needed” to obtain financing and make deals.Įven when banks required Trump to provide copies of his financial statements as part of a loan agreement, he testified that they really wanted to know if he had enough cash to cover the loan. In defending his business practices, Trump sought to downplay the importance of the annual statements of financial condition at issue in the case. On the witness stand, Trump suggested the judge should’ve showed him deference as a former president, testifying, “How do you rule against somebody and call them a fraud, as the president of the United States, who did a great job?” STATEMENTS ‘WEREN’T VERY BADLY NEEDED’ Trump later posted Engoron’s “not here to hear what he has to say” comment to his Truth Social account. Engoron’s admonition only gave Trump more ammunition to claim he was being mistreated. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |