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☆ Fraud like nobody's watching: Trump was probed for 5 years, and still wouldn't clean up his act
▼ + stars: | 2024-02-18 | by ( Laura Italiano | ) www.businessinsider.com time to read: +11 min

Donald Trump's fraud verdict targets three things he values dearly: his cash, his New York business address, and the Trump Organization steering wheel. Otherwise, as Engoron noted in his verdict, Trump, his company, and his sons, Donald Trump Jr. and Eric Trump, "are likely to continue their fraudulent ways." In previous years, Trump has settled allegations of fraud involving the Trump Foundation, Trump University, and the 2017 Inaugural Committee, Amer pointed out in closings. The same day James concluded her initial investigation and filed her massive Trump fraud lawsuit, on September 21, 2022, Trump incorporated "Trump Organization II" in what her office worried was an attempt to shift and protect assets. Advertisement"In short," they added, Trump and Trump Organization leadership "have proven themselves incapable, time and again, of following the law."

Persons: Trump, Donald Trump's, —, he's, Letitia James, Arthur Engoron, James, he'll, Barbara Jones —, Judge Jones, Jones, Engoron, Donald Trump Jr, Eric Trump, Cushman, Trump's, Allen Weisselberg, Patrick Birney, Birney, Weisselberg, Donald, — Trump, Andrew Amer, Amer, — Jones, Jean Carroll, Kevin Wallace, Christopher Kise, Kise, She's Organizations: NY, Trump Organization, Trump, GOP, New York, Deutsche Bank, Mazars, Trump Org, Trump Foundation, Trump University, New, Independent Monitor Locations: New York, Mazars USA, Wakefield, Trump

☆ Donald Trump is set to be the last defense witness called in his civil fraud trial next month
▼ + stars: | 2023-11-27 | by ( Lauren Del Valle | Kara Scannell | ) edition.cnn.com time to read: +1 min

New York CNN —Attorneys for Donald Trump told the court Monday that they plan to call the former president to the stand on December 11 as their last witness in the New York civil fraud trial. His son Eric Trump, also a defendant, is slated to testify on December 6, according to Trump attorney Chris Kise. This will be the former president and Eric Trump’s second trip to the witness stand as they were called by the New York attorney general’s office earlier this month. Trump Organization executive Patrick Birney is currently testifying for the defense. His testimony follows Trump Organization hotels Chief Operating Officer Mark Hawthorn, who had been on the stand for most of Monday.

Persons: Donald Trump, Eric Trump, Chris Kise, Eric Trump’s, Patrick Birney, Mark Hawthorn Organizations: New, New York CNN, Trump, Trump Organization, Four Deutsche Bank Locations: New York

☆ 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

☆ Trump allies flip as legal battles boil over
▼ + stars: | 2023-10-27 | by ( Erica Star Domena | Tamara Lindstrom | ) www.businessinsider.com time to read: 1 min

Michael Cohen, Patrick Birney, Mark Meadows, Shawn Still, and Cathleen Latham are a handful of the growing list of former aides, employees, and MAGA enthusiasts who have turned on Donald Trump.

Persons: Michael Cohen, Patrick Birney, Mark Meadows, Shawn Still, Cathleen Latham, MAGA, Donald Trump

☆ Trump and NY AG Letitia James are fighting hard over one short but incriminating quote from his NY fraud trial
▼ + stars: | 2023-10-17 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

The testimony accuses Trump of personally ordering that his net worth "go up" each year. But in court papers filed Tuesday afternoon, New York Attorney General Letitia James pushed hard to keep it in the trial. Neither Weisselberg nor Trump – both defendants in James' massive fraud lawsuit – have yet been asked to verify what they allegedly said in this game-of-telephone relay. But in sworn depositions before the attorney general's office, both Weisselberg and Trump have minimized their own involvement in the drafting of the net worth statements. James is seeking repayment of some $250 million she says Trump pocketed in interest-rate savings and other benefits.

Persons: Trump, —, Donald Trump, he'd, Allen Weisselberg, Patrick Birney, Letitia James, James, Birney, Arthur Engoron, Engoron, Eric R, general's, Weisselberg, Eric Trump, Donald Trump , Jr, –, Haren Organizations: Service, New, Trump, New York Locations: New York

☆ Trump told Trump Org executives to make him look richer each year in annual net worth statements, testimony shows
▼ + stars: | 2023-10-16 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Trump's Manhattan civil fraud trial began week 3 on Monday with testimony by a Trump Org finance VP. He said CFO Allen Weisselberg told him, "Mr. Trump" wants his net worth numbers to go up each year. AdvertisementAdvertisement"Did Allen Weisselberg ever tell you that Mr. Trump wanted his net worth on the Statements of Financial Condition to go up?" Testimony by Patrick Birney, a assistant finance vice president at Trump Organization, helps link Donald Trump to what the New York attorney general calls a fraud conspiracy. AdvertisementAdvertisement"Allen Weisselberg told me Donald likes to see it go up in that period you just said," meaning 2017 - early 2020, Birney had told the AG's office in his deposition.

Persons: Allen Weisselberg, Trump, —, Donald Trump's, Patrick Birney, –, Letitia James, Eric R, James, Birney, Allen, Donald Trump, bombshells, Birney hadn't, Donald, Arthur Engoron Organizations: Trump Org, NY, Service, Monday, New York, New, Trump Organization, Trump Locations: New York

In a pretrial court filing, James’ office estimated that Trump exaggerated his wealth by as much as $3.6 billion. They've also called accountants Donald Bender and Camron Harris, whose firms Trump hired to prepare his financial statements. A retired Deutsche Bank official testified the financial statements were key to Trump securing hundreds of millions of dollars in loans. Weisselberg acknowledged that information in Trump’s financial statements wasn’t always accurate, such as valuing his penthouse based on the wrong size. In a decision last month, Engoron resolved the lawsuit's top claim, ruling that Trump committed years of fraud by inflating the value of assets in his financial statements.

Persons: — Donald Trump, Michael Cohen, Cohen, I’m, ” Cohen, Judge Arthur Engoron, It's, Trump, Letitia James, James ’, James, Eric, Donald Trump Jr, —, Allen Weisselberg, Jeffrey McConney, Weisselberg, ”, maligning, Patrick Birney, Mark Hawthorn, They've, Donald Bender, Camron Harris, wasn’t, “, Engoron, he'll, She's Organizations: New, Twitter, Trump, New York, Trump Organization, WHO, Longtime Trump Organization, Democrat, Deutsche Bank, Mar Locations: New York, Lago, Doral, Miami , Florida, Chicago, New York City, Manhattan, Georgia, Washington, Florida, __, Sisak, x.com

Eric Haren of the attorney general’s office showed the court several versions of internal spreadsheets from 2017 financial documents prepared by Trump Org. Ultimately the presidential premiums were never included on Trump’s financial statements. Birney, who was a senior financial analyst in 2016 when he joined Trump Org., still works there, now as vice president of financial operations. He reiterated his previous testimony that Weisselberg or former controller Jeffrey McConney would determine what methods were used to value assets that were included on Trump’s financial statements. Birney also testified that Weisselberg directed him to use low capitalization rates and top of the market comparable recent sales to value some of Trump’s assets.

Persons: Donald Trump’s, Eric Haren, Patrick Birney, Birney, Allen Weisselberg, Trump, Weisselberg, Letitia James, Jeffrey McConney Organizations: New, New York CNN — Trump Organization, Trump Org, Trump, Forbes, New York, Vornado Locations: New York

☆ Aside from the fraud, Donald Trump was a very well-behaved borrower, Deutsche Bank testimony shows
▼ + stars: | 2023-10-12 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

For 2 days, Deutsche Banks' in-house Trump credit reports flashed on screens at his NY fraud trial. For a second day on Thursday, a former Deutsche Bank executive sat on the witness stand as years of his firm's confidential Trump "credit reports" flashed across two big screens. Trump never missed a loan payment, the credit reports and the banker's testimony showed. In almost a decade as a borrower, Trump was never even late making a payment – not before, during, or after his presidency. AdvertisementAdvertisement"And all the obligations of the borrower were met," Trump attorney Jesus M. Suarez asked the banker in his next question.

Persons: –, —, Donald Trump, Trump, Nicholas Haigh, Letitia James, Jesus M, Suarez, James, Louis M, Solomon, Patrick Birney, Birney, general's Organizations: Deutsche Banks, Trump, NY, Service, Deutsche Bank, Trump Organization, Washington DC, Associated Press, Bank Locations: New York, Chicago, Miami, Washington

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