Donald Trump got on the stand today and testified…….
He and judge Engoron went at it in person again and AGAIN….
The SAME judge will set the final fine to be paid to New York State…..
The State Attorney General has aske for $250 Million….
The judge can also put Trump & Company out of business in the state…..
In testimony both ranting and rambling, Donald J. Trump said during his civil fraud trial on Monday that he was more of an expert than anyone on real estate and acknowledged helping assemble documents stating the value of his properties.
“I would look at them, I would see them, and I would maybe on occasion have some suggestions,” Mr. Trump said shortly after he took the stand in a Manhattan courtroom. He also acknowledged lowering the value of one property — Seven Springs, a sprawling estate north of Manhattan — because he “thought it was too high.”
The financial statements by the Trump Organization — which a judge has already decided were filled with fraud — are a central element of the suit by New York’s attorney general, Letitia James. She has alleged Mr. Trump and other defendants manipulated the statements to defraud banks and insurers.
The judge in the case, Arthur F. Engoron, repeatedly sought to rein in Mr. Trump, whose asides included proclaiming the proceeding as “a very unfair trial,” calling Ms. James “a political hack,” and an impassioned ode to his Scottish golf course.
“Irrelevant, irrelevant. Answer the question,” the judge said after Mr. Trump said the course was in the oil capital of Europe.
Later, Mr. Trump complained that the judge had “called me a fraud and he didn’t know anything about me.” Justice Engoron then suggested that Mr. Trump hadn’t read the order where he found him liable for fraud.
While Mr. Trump’s testimony appeared to undercut efforts to distance himself from the valuing of properties, he also testified at times that he did not intervene, including on the value of his Mar-a-Lago club, which he said was “very underestimated, but I didn’t do anything about it.”
Mr. Trump also sought to minimize the importance of the financial statements, saying that the bankers he used paid very little attention to them — and promised that the defense would bring in those bankers to say as much.
Here’s what else to know:
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Mr. Trump’s lawyers have already appealed Justice Engoron’s ruling that the statements contained fraud, arguing that valuations are subjective and were in part the responsibility of others. What is left to be determined is any penalty Mr. Trump might have to pay and whether he will be banished from the world of New York real estate that made him famous.
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Justice Engoron chided Mr. Trump several times, asking him to keep his remarks short and at one point striking part of one monologue from the record. “This is not a political rally,” he told the former president.
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Last week, Donald Trump Jr. and Eric Trump testified, and both sought to blame accountants for any errors on financial statements at the heart of the case. Their sister Ivanka is scheduled to testify Wednesday.
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The case differs from other legal challenges facing the former president. It is a civil case, not criminal. There is no jury; the judge will determine the outcome. And although Mr. Trump and his sons could have asserted their Fifth Amendment rights against answering questions, doing so would have been risky: In a civil case, a jury or judge is allowed to make a negative assumption when a defendant declines to testify. Read about the differences.
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Since the trial began Oct. 2, the former president has been a fixture in and around the courtroom — including making statements that Justice Engoron said violated a gag order barring Mr. Trump from attacking court staff. Here’s a look at key moments in the trial
image….The scene in court on Monday before former President Donald J. Trump began testifying.Credit…Jefferson Siegel for The New York Times
jamesb says
Andrew Weissmann (weissmann11 on Threads)🌻
@AWeissmann_
Trump says everyone at Trump Org was in compliance, and he made sure of that, BUT two Trump organizations were convicted criminally last year of tax fraud and its CFO Weisselberg pleaded to that as well.
jamesb says
Andrew Weissmann (weissmann11 on Threads)🌻
@AWeissmann_
This is pretty darn historic: a former president called to the stand by a state attorney general in a fraud case, where the president’s companies have already been convicted criminally of tax fraud.
jamesb says
Why U don’t want Donald Trump to testify….
Andrew Weissmann (weissmann11 on Threads)🌻
@AWeissmann_
BREAKING: AG GETS TRUMP TO AGREE THAT THE FINANCIAL STATEMENTS AND TRUMP’S PERSONAL GUARANTY WERE TO INDUCE BANKS TO LEND MONEY. KEY FACT FOR THIS FRAUD CASE.
jamesb says
Andrew Weissmann (weissmann11 on Threads)🌻
@AWeissmann_
Trump’s “we paid the loans back” defense:
1. not a defense at all to lying to get a loan;
2. lenders are entitled to weigh the risks themselves, and can decide not to lend or to lend on terms that are better for lender given the risk;
3. a real estate developer, ..
jamesb says
No SHIT!
James F. Love IV
@JamesFLoveIV
‘Just let him talk’: Lawyer who deposed Trump says he’ll blow up his own defense – Raw Story
jamesb says
5 memorable moments from Trump’s chaotic testimony in NY fraud trial…
….Judge: ‘I do not want to hear everything this witness has to say’
As Trump answered questions about his 40 Wall Street property, he snidely remarked that the property’s valuation at $550 million was a “very low number” and that “all you have to do is look at a picture of the building” to know that.
After that remark, Engoron admonished Kise again to take control of his client.
“I would think, respectfully — of all witnesses — your honor would want to hear everything this witness has to say,” Kise said.
“No, I do not want to hear everything this witness has to say,” Engoron angrily replied while Trump shook his head and smiled.
“I am not here and these people are not here to hear what he has to say; we are here to hear him answer questions,” Engoron continued. “It’s very simple. Is this an accurate number? It’s very simple.”
Unprompted, the former president replied: “This is a very unfair trial — very, very — and I hope the public is watching.”
Shortly after, at Wallace’s request, Engoron called a 15-minute break so that Kise, Trump’s attorney, could speak with the former president about streamlining his testimony. That leveled out the day somewhat, and the afternoon of Trump’s testimony largely went off without a hitch…..
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