NY Prosecutor James Scrambles To Salvage Anti-Trump Case
Deutsche Bank Being Happy Is ‘Irrelevant’ ~Kevin Wallace, AG attorney
Yesterday we noted that Deutsche Bank executive David Williams may have nuked New York’s case against former President Donald Trump – testifying on Tuesday that the bank has no problem with clients overstating their net worth, and that it’s “atypical, but not entirely unusual” for a bank to internally slash a client’s stated asset values by 50% and approve a loan anyway, as they did with Trump.
It gets even better…
Not only did that completely dismantle the prosecution’s core argument that the bank was harmed by Trump inflating his assets, Trump’s former private banker, Rosemary Vrablic, testified on Wednesday that the bank had aggressively pursued the real estate mogul as a ‘whale’ client.
“We are whale hunting … haven’t seen him yet,” she told bankers in a Nov. 29, 2011 email entered into evidence by Trump’s defense team and displayed on screens during the trial. “Also maybe Dad will convert like Ivanka did,” she added.
Vrablic is one of four current and former employees called to testify this week as part of Trump’s defense against claims brought last year by New York Attorney General Letitia James. The state alleges Trump inflated his net worth by as much as $3.6 billion a year to get better terms from banks and insurers, reaping $250 million in “illegal profit” over more than a decade.
While James has portrayed Deutsche Bank as a victim of Trump’s lies, the former president is seeking testimony supporting his argument that lenders were eager to do business with him and weren’t bothered by discrepancies in the value of his assets. -Bloomberg
What’s more, Trump attorney Jesus Suarez on Wednesday asked Vrablic to comment on internal documents from 2014 which described plans to build “lasting, broad private banking relationships” with a list of US clients.
Vrablic, who brokered a loan for Trump’s Doral golf course in Florida as well as properties in Chicago and Washington, testified that Trump fit the bill because “he was in the US commercial real estate market and had a successful track record.”
Internal documents further showed that the bank made $6 million from Trump loans in 2013 alone.
Again…
Cleanup, aisle 3!
In response to yesterday’s bombshell testimony, Kevin Wallace, an attorney with NY AG Letitia James’ office, told judge Arthur Engoron that it’s irrelevant whether Deutsche Bank was happy with Trump, what matters is that he lied!
“The idea that you can’t lie to a bank is pretty well established,” argued Wallace.
Engoron, unsurprisingly, suggested on Tuesday that he agrees with the state’s view on Trump.
“The mere fact that lenders were happy doesn’t mean the statute wasn’t violated,” he said, after previously holding Trump liable for fraud on the eve of the trial.
Fraud…?… given that the vast majority of 2020 election fraud cases were dismissed by spineless judges across the country for ‘lack of standing,’ since the plaintiffs couldn’t show they were directly harmed – despite evidence that ‘statutes were violated.’
*********
(TLB) published this article from ZeroHedge as compiled and written by Tyler Durden
Header featured image (edited) credit: Trump/James/org. ZH article
Emphasis added by (TLB)
••••
••••
Stay tuned to …
••••
The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)
••••
Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.
••••
Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.
••••
Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.
Leave a Reply