State of New York vs Trump, et al - the civil fraud case against the Trump Organization

[Suranis]

I can think of a lot of people bigger than Donald Trump. Hell those people on those awful 600LB Reality shows are likely bigger than Trump, in every way.

[Resume18]

There’s a real disregard for authority here and a real primary focus on politics . . .

Indeed, and by you.

that’s what we’re seeing in the courtroom.

Indeed, and by you.

I mean, who’s bigger than Donald Trump?

The rule of law, as one example.

And you sit there, and you’re trying to challenge him. It’s not going to work.

Betcha it does.

[raison de arizona]

tfg is so proud of his infamous disclaimer, he posted it to Truth

IMG_6354.jpeg (319.23 KiB) Viewed 1832 times

[New Turtle]

In 5 or 10 years when the last of his assets are being liquidated, his fans will still be running around saying "disclaimer clause!"

[MN-Skeptic]

But if you cross your fingers, you aren’t really lying.

[RTH10260]

tfg is so proud of his infamous disclaimer, he posted it to Truth
[imgwidth=200https://thefogbow.com/forum/download/file.php?id=13616[/imgwidth]
IMG_6354.jpeg

Banks make that much shorter ---> SE&O (maybe except in the US where lawyers insist on pages of fine print with UPPER CASE inserts and SPECIAL BOLD PRINT to been the safe side).

[Tiredretiredlawyer]

But if you cross your fingers, you aren’t really lying.

For this to work you must cross fingers on both hands.

[Foggy]

Off Topic

Yeah, and you have to put them behind your back! It doesn't work if you just put your hands in your pockets!

[Foggy]

I wonder if Ivanka will use her little girl breathy voice on the stand.

I have been wondering the same thing. She's going to be in a courtroom full of grownups and she will want to be taken seriously, but Daddy is gonna be in the same room, focusing on her 110%.

Does Daddy know that she can talk like a grownup when the spirit moves her?

[neonzx]

Scott MacFarlane@MacFarlaneNews
·
STANDBY: Ivanka Trump's testimony begins at 10am here at New York Superior Court. As is too often the case in the court system, no cameras inside. I'll update you here as the testimony unfolds

We *don't* expect her to address the media scrum outside, as her father does

Scott MacFarlane@MacFarlaneNews

Outside the court just now, New York Attorney General Letitia James spoke about Ivanka:

James said, "She will attempt today to distance herself from the company, but the facts will reveal she was very much involved.”

Scott MacFarlane@MacFarlaneNews

The courtroom here on 3rd floor of this old courthouse is the size of a school cafeteria

25 foot ceilings. Echoes like a church. No matter who u are, you’d look tiny seated in witness box. It’s enormous here. 130 person capacity

[neonzx]

Kyle Griffin@kylegriffin1

New York AG James: "We uncovered the scheme and she benefited from it personally. And Ms. Trump will do all that she can to try to separate herself from this corporation, but she's inextricably tied to the Trump Org. and to these properties, that she helped secure financing for."
9:45 AM · Nov 8, 2023

[neonzx]

Adam Klasfeld
@KlasfeldReports
·
2m
When questioning turns to her work at the Trump Organization, Ivanka Trump says:

"I was very focused on redevelopment of the Old Post Office building and Trump Doral in Florida, and I spent an enormous amount of time shepherding those two properties through development."

[Volkonski]

Ivanka Trump's testimony in New York civil fraud trial

https://www.cnn.com/politics/live-news/ ... index.html

Ivanka Trump takes the stand
From CNN's Lauren del Valle and Kara Scannell

Ivanka Trump is now on the stand in the New York civil fraud trial against her father and his company.

[neonzx]

Adam Klasfeld@KlasfeldReports

Engoron to Ivanka, who's coming in fairly faint:

"I think the trick may be to move the microphone closer to you."

I guess she went with the meek/timid child voice.

[chancery]

https://twitter.com/i/lists/1323417284023603200

Anthony Michael Kreis
@AnthonyMKreis
·
1m
Don’t like judges making jokes about witnesses.

Hugo Lowell
@hugolowell


·
New York AG prosecutor calls Ivanka Trump as the next witness to testify in the $250m civil fraud trial

Judge Engoron jokes: “Who’s she?”

I cringed when I read that.

[Volkonski]

Questioning begins on Ivanka Trump's role in Old Post Office and Doral loans
From CNN's Lauren del Valle, Kara Scannell and Jeremy Herb

The New York attorney general’s office began questioning of Ivanka Trump Wednesday asking about her background in business and the work she did for the Trump Organization.

Ivanka Trump said that she spent much of her time at the Trump Organization working on development for the Old Post Office in Washington, DC, which was converted into a hotel, and the Doral Golf Resort & Spa in Florida.

Being questioned by Louis Solomon, a lawyer for the attorney general's office, Ivanka Trump confirmed she received a profit from the 2022 sale of the Old Post Office building.

She said she doesn’t believe she received any compensation from Trump Org. entities since she left in 2017, when she went to Washington to work in the White House, other than the proceeds from the Old Post Office sale and a fixed income amount from a consulting entity within the company.

Her husband Jared Kushner introduced her to a banker, Rosemary Vrablic, in the Private Wealth Management group of Deutsche Bank around 2011 or 2012, she said.

This connection led to the loans at issue in this case for Doral and the Old Post Office, as well as a Chicago property, which her father Donald Trump personally guaranteed with his financial statements the judge has ruled were fraudulent.

[Volkonski]

Ivanka Trump questioned about securing financing for Doral golf resort with father’s financial statements
From CNN's Lauren del Valle, Kara Scannell and Jeremy Herb

The New York attorney general’s office walked Ivanka Trump through her role securing financing for the Doral Golf Resort & Spa in Florida.

AG attorney Louis Solomon showed email communications Ivanka Trump had in shopping around potential financing terms from several lenders to fund Trump Org. for the Doral property.

Donald Trump's financial statements were shared with some of the potential lenders.

Trump attorney Chris Kise objected to the admission of documents related to potential funding that never went through in relation to the Doral property, calling it irrelevant.

Engoron disagreed and overruled the objection.

In an August 2011 email shown in court, Ivanka Trump told an executive at Beal Bank that her father's financial statements were being sent in the mail for their review.

She was asked by Solomon whether the bank had requested Trump's financials or if she offered them. Ivanka Trump said she did not recall.

They never got to the term sheet phase of negotiations with that bank, she said.

The Doral property is one of several Trump Organization properties that were secured with loans from Deutsche Bank. The attorney general alleges that the loans for Doral were extended in part because of Trump’s personal financial statements that inflated his assets.

Some of the emails were presented earlier at trial through a former Trump Org. executive David Orowitz, who was also involved in the Doral project.

The attorney general's team has argued these discussions show the whole picture -- that the Trump Org. ultimately got the most favorable loan terms through Deutsche Bank because Trump personally guaranteed the loans through the private wealth management group.

[chancery]

At least one of the regular legal affairs reporters that I follow on twitter, and possibly several (don't remember the names) reported that Ivanka Trump hadn't given a deposition in this litigation, and that accordingly calling her as a witness seemed inconsistent with the golden rule of never asking a trial witness a question to which you don't know the answer.

The notion that the NYAG's office had failed to depose her was puzzling, but in fact it did depose her; the reporting was incorrect.

[Volkonski]

Ivanka Trump distances herself from inflated value of the penthouse apartment she leased from her father
From CNN's Lauren del Valle, Kara Scannell and Jeremy Herb

Ivanka Trump distanced herself from knowing anything about a discrepancy in the value of a penthouse apartment in one of her father’s Manhattan buildings that she leased.

Louis Solomon, a lawyer for the attorney general, asked if there had been a purchase option on her penthouse apartment at Trump Park Avenue for $8.5 million. She confirmed there was.

The value of the apartment on Trump’s statement of financial condition, however, was $20.8 million, according to the attorney general’s civil complaint.

Solomon asked whether the value of her purchase option was factored into her father’s financial statement.

"As I had told you a year-and-a-half ago, I wasn’t involved in his statement of financial condition, so I can’t say what it took into account or didn’t take into account," Ivanka Trump responded.

Solomon also went through a series of questions about Donald Trump’s statements of financial condition. Ivanka Trump said in response that she was not involved in preparing her father's personal statements, was not aware of ever helping in asset valuations and does not recall ever reviewing them.

[Volkonski]

Ivanka Trump proposed lowering net worth requirement for her father to $2 billion in Deutsche Bank loan, emails show
From CNN's Lauren del Valle, Kara Scannell and Jeremy Herb

Louis Solomon, a lawyer for the New York attorney general, showed emails during questioning of Ivanka Trump where she proposed lowering the required net worth for her father under a loan agreement with Deutsche Bank.

The final agreement for the Deutsche Bank loan required Donald Trump, as the guarantor, to maintain a minimum net worth of $2.5 billion.

One earlier draft of the loan terms proposed by the bank required Trump maintain a $3 billion net worth. Ivanka Trump proposed a change to lower the net worth requirement to $2 billion, in an email Solomon showed in court.

At the time, Trump's net worth on his statement of his financial condition in 2011 was $4.2 billion.

The loan terms are significant because the attorney general alleges that Trump’s falsified financial statements allowed him to obtain better loan rates – an expert witness for the attorney general testified earlier in the trial Trump’s “ill-gotten gains” from the fraud totaled $168 million.

Trump was able to get better terms for the Doral property with Deutsche Bank’s loan secured by Trump’s financial statements because he personally guaranteed the loans with the private wealth management group, which offered the option for a high net worth individual to back the loan.

Trump Org. was offered different terms through Deutsche Bank's commercial real estate arm for the same property.

[realist]

Thanks for your reporting, Volkonski.

Would it be possible for you to please provide a link to your articles?

Thanks.

[Volkonski]

Thanks for your reporting, Volkonski.

Would it be possible for you to please provide a link to your articles?

Thanks.

Everything today so far is from CNN Livefeed.

https://www.cnn.com/politics/live-news/ ... index.html

[realist]

Thanks for your reporting, Volkonski.

Would it be possible for you to please provide a link to your articles?

Thanks.

Everything today so far is from CNN Livefeed.

https://www.cnn.com/politics/live-news/ ... index.html

Thanks.

[Kendra]

Thanks from me as well V.

[Resume18]