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☆ Moby Don: Trump's fraud-trial 'victim,' Deutsche Bank, praised him as a lucrative 'whale' in fawning in-house documents
▼ + stars: | 2023-11-29 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

Reps from Deutsche Bank, which NY says was defrauded, described actually prospering thanks to Trump. Advertisement"We are whale hunting," former Deutsche Bank executive Rosemary Vrablic told her fellow bankers of Trump in an email from 2011, soon after son-in-law Jared Kushner offered to make an introduction. She contends that Deutsche Bank was defrauded out of more than $100 million in interest income. As a sophisticated international lender, the bank did its own risk analysis, apart from Trump's net-worth statements, the defense has argued. But the state has countered that any fact-checking, any profit-making, and any other non-victim-like behavior on the part of Deutsche Bank is besides the point.

Persons: Trump, —, Donald Trump's, Stans, Rosemary Vrablic, Jared Kushner, Vrablic, Donald, Trump attorney Jesus Suarez, Nam, Huh Trump, Arthur Engoron, Letitia James, Donald Trump , Jr, Ivanka Trump, Kevin Wallace Organizations: Trump, Deutsche Bank, Service, Trump - Deutsche Bank, Post, Washington , D.C, Trump attorney, Hotel, Tower, AP, AG, Trump Organization Locations: Manhattan, New York, Miami, Chicago, Washington ,

☆ Former Trump Org. controller breaks down in tears on witness stand in fraud trial
▼ + stars: | 2023-11-21 | by ( Lauren Del Valle | Kara Scannell | ) edition.cnn.com time to read: +4 min

Trump attorney Alina Habba motioned to a court officer to bring him a box of tissues. At one point while reviewing his own handwritten notes, McConney acknowledged his memory was “incorrect” about a specific disclosure on Trump’s statement. Amer showed the court handwritten notations from McConney on 2021 financial statement drafts. Among the 2021 notes, the former controller wrote that Eric Trump needed to review the footnotes for the section on club facilities. On another page McConney wrote that Eric and his brother Donald Trump Jr, both defendants in the case, should review the statements.

Persons: Jeff McConney, “, ” McConney, Jesus Suarez, Donald Trump, McConney, Alina Habba motioned, Arthur Engoron, , wouldn’t, he’s, Andrew Amer, Mazars, Donald Bender, Amer, Patrick Birney, Eric Trump, Eric, Donald Trump Jr, ”, Mark Hawthorn Organizations: New, New York CNN, Trump Organization, Trump Org, Trump, Trump Hotels, Deutsche Bank Locations: New York

☆ Donald Trump has worst day yet in NY civil fraud trial as underling's scribbled note ties him to conspiracy
▼ + stars: | 2023-11-21 | by ( Laura Italiano | ) www.businessinsider.com time to read: +9 min

The Trump civil fraud trial is now in its eighth week in New York. A handwritten note that implicates Donald Trump in his NY fraud trial. Donald Trump attends his New York civil fraud trial. Trump speaking to reporters outside the courtroom during his civil fraud trial in New York. And in a pre-trial deposition, he denied knowing who had written, "DJT to get final review" on that 2014 draft.

Persons: Jeffrey McConney, McConney, —, Donald Trump, Trump, Letitia James, Donald Trump's, Seth Wenig, Andrew Amer, Amer, Eric Trump, Allen Weisselberg, James, Weisselberg, — McConney, Mazars, Arthur Engoron, McConney's, Jesus Suarez, he'd, Mark Hawthorn Organizations: Trump, Service, Trump Organization, Trump Org's, NY, New York, White House, Trump Org, AP, Mazars, General's, Trump Hotels Locations: New York, York, Mazars USA, Weisselberg

☆ Trump's own fraud-trial expert testifies about 'glaring' problems in his financial statements — but blames the accountants
▼ + stars: | 2023-11-15 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

An ex-SEC accountant offered blunt testimony on Trump's net-worth statements. He noted "questionable" and "glaring" issues with the statements, despite being Trump's own witness. The not-so-ready cash was just one of nearly a dozen net-worth red flags identified Wednesday by Flemmons. And it certainly happened a lot in Trump's net-worth statements, by Flemmons' own description. "Blame the accountants" has been one of Trump's go-to defenses in his New York fraud travails, going back to the criminal payroll tax-fraud case his company lost a year ago.

Persons: —, Donald Trump's, It's, Jason Flemmons, Flemmons, Trump, Arthur Engoron, Letitia James, Jesus Suarez, James, Donald Bender, Bender, Trump's, Kevin Wallace Organizations: SEC, Service, Trump Organization, Flemmons, Securities and Exchange Commission, New York, Trump, USA Locations: NY, New York, Manhattan

☆ Trump fraud-trial experts offer chillaxed theory of asset valuation in defense testimony
▼ + stars: | 2023-11-14 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Trump defense lawyer Jesus Suarez asked him. Trump's two defense expert witnesses were markedly different from each other, in terms of objectivity and experience. The first, Witkoff, is a self-described Trump friend, longtime fundraiser and fellow developer who had never been an expert witness before. Flemmons is scheduled to continue his direct defense testimony Wednesday, followed by cross-examination by a lawyer for the state Attorney General Letitia James. The defense case, and any rebuttal case by the state, are expected to take another month or more.

Persons: Donald Trump's, —, Donald Trump, Trump, Steve Witkoff, Jason Flemmons, Flemmons, Jesus Suarez, Letitia James, James, Arthur Engoron Organizations: Service, Washington DC, Securities and Exchange Commission, New Locations: York, Trump Tower, New York

☆ Ivanka testifies her relationship with Deutsche Bank was hunky-dory despite New York's AG accusing Trump Org of defrauding it
▼ + stars: | 2023-11-08 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

Ivanka Trump testified about her cozy relationship with Deutsche Bank. AdvertisementAdvertisement"I was constantly told by Rosemary and members of her team how much they appreciated the relationship," Ivanka Trump testified. At times, Ivanka Trump testified, Vrablic even convinced her family to take out a loan with Deutsche Bank even if they didn't need to. Vrablic's team "periodically" came to Ivanka with possible investment opportunities, Ivanka Trump testified, whether it was properties up for sale, or working with Softbank. AdvertisementAdvertisement"I was in the hospital, or about to go to the hospital with my first child," Ivanka Trump said.

Persons: Ivanka Trump, —, Donald Trump's, Rosemary Vrablic, Ivanka, Letitia James, Donald Trump, Louis Solomon, Donald Trump Jr, Eric Trump —, Trump, Jesus Suarez, Vrablic, Rosemary, Arthur Engoron Organizations: Deutsche Bank . Ivanka, Deutsche, Service, Deutsche Bank, New York Attorney, Trump, Trump Doral, Post, New York, Trump Org, Trump Organization, Softbank, New Locations: Chicago, Miami, Washington ,

☆ Live updates: Trump civil fraud trial continues in New York with Michael Cohen expected to testify
▼ + stars: | 2023-10-24 | by ( Dan Berman | Devan Cole | ) edition.cnn.com time to read: +2 min

Former President Donald Trump sits in a New York State Supreme Court room alongside his lawyers including Chris Kise, right, on Tuesday. Another Trump attorney also confirmed a member of the former president’s team tested positive. The NY Attorney General’s office said it followed US Centers for Disease Control and Prevention guidelines. “As always, the Attorney General’s Office has followed and complied with CDC guidelines. Our office properly notified the court and defendants’ counsel, and the court decided to proceed with trial today,” a spokesman from the AG’s office said.

Persons: Donald Trump, Chris Kise, Mike Segar, general’s, Kise, Letitia James, Arthur Engoron, Trump, James, Jesus Suarez, General’s, ” Organizations: New York, Reuters Trump, NY, Trump, Centers for Disease Control, CDC Locations: New, United States

☆ Trump's lawyers grill Donald Bender about his mental health history in an attempt to paint him as unreliable
▼ + stars: | 2023-10-05 | by ( Jack Newsham | ) www.businessinsider.com time to read: +4 min

Donald Trump's lawyers went after accountant Donald Bender in court on Thursday. Donald Trump's lawyers tried to put the mental health of his former accountant Donald Bender on trial Thursday as part of an effort to undermine the New York attorney general's fraud lawsuit against them. And one of Trump's lawyers, Jesus Suarez, zoomed in on a disclaimer in a document that Mazars had given to authorities. But Cliff Robert, an attorney for Donald Trump's sons Eric and Donald Jr., challenged Bender's recollection of his interactions with Jeff McConney, a longtime Trump Organization accountant. Bender is no stranger to the witness stand, having previously testified at the criminal trial of the Trump Organization in 2022.

Persons: Donald Trump's, Donald Bender, Bender, didn't, —, Donald Trump, Jesus Suarez, Mazars, Suarez, Trump, Cliff Robert, Eric, Donald Jr, Jeff McConney, McConney, Robert, Justice Arthur Elgoron, Bill Clinton, Letitia James Organizations: Service, New, Trump Organization, longtime Trump Organization, Trump Locations: New York

☆ Trump hit with gag order after lashing out at court clerk in NY fraud case
▼ + stars: | 2023-10-03 | by ( Jack Queen | ) www.reuters.com time to read: +4 min

The trial could lead to the dismantling of Trump’s business empire as he seeks to regain the presidency in 2024. Trump referred to the clerk as “Schumer’s girlfriend.”“How disgraceful!” added Trump, the frontrunner for the Republican nomination to face Democratic President Joe Biden in the 2024 election. Engoron ruled before the trial that Trump committed fraud, and canceled business certificates for companies that control crown jewels of Trump’s portfolio, including Trump Tower and 40 Wall Street in downtown Manhattan. Earlier in the day, Trump renewed his attacks on James, telling reporters that the Democrat was “grossly incompetent” and had concocted a bogus case. He also faces a January civil damages trial for defaming a writer who accused him of rape, which he denies.

Persons: Donald, Trump, Arthur Engoron, Letitia James, ”, Engoron, James, Chuck Schumer, Joe Biden, Donald Jr, Eric, Donald Bender, Kevin Wallace, James ’, Bender, Jesus Suarez, “, ” Suarez, Michael Cohen, ” Trump Organizations: YORK, Trump and New York, Trump Organization, Republican, Democratic, Trump, TRUMP, Democrat Locations: New York, Manhattan

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