MSNBC has obtained never-before-seen footage of former President Trump’s civil fraud trial deposition in April 2023.
The deposition featured New York Attorney General Letitia James, known for her radical Marxist beliefs.
In September 2022, Letitia James filed a lawsuit against Trump, accusing him of inflating his assets and defrauding lenders and insurance companies.
She sought $250 million in damages and aimed to ban Trump and his sons from conducting any business activities in New York. However, she recently increased the amount of damages sought to $370 million.
Letitia James also wants to impose a lifetime ban on Trump from the real estate industry. MSNBC heavily criticized Trump as they reported on the recently released deposition footage.
One MSNBC host, Lisa Rubin, even laughed while reporting on Trump’s complaint about legal fees being one of his major expenses during the trial (referred to as lawfare).
Earlier this month, Trump gained control of the Manhattan courtroom and emphatically claimed to be the target of fraud in this particular case.
He is indeed correct. In November, a Deutsche Bank executive who played a role in approving at least one of Trump’s loans gave testimony suggesting that it is uncommon but not entirely unheard of to decrease a client’s asset values and still grant them a loan.
This sort of lending practice is customary when dealing with affluent individuals who possess substantial wealth and prominence, much like Donald Trump. Anyone possessing fundamental knowledge about banking, lending, portfolio management, and credit risk management would acknowledge this fact.
“A Deutsche Bank AG executive gave testimony that could bolster Donald Trump’s defense in his civil fraud trial, telling a New York judge that prospective clients can get loans even after reporting a net worth far higher than the lender’s own calculations.” Bloomberg previously reported.
“David Williams, who worked on at least one of three loans Deutsche Bank made to Trump in the years before he was elected president, testified Tuesday that it’s “atypical, but not entirely unusual” for the bank to cut a client’s stated asset value by 50% and approve a loan anyway, as it did with Trump,” Bloomberg reported.
During his testimony, Williams argued that Trump’s declared assets should be regarded as subjective opinions. He further emphasized that a divergence in asset valuation opinions should not serve as grounds for disqualifying a potential borrower from obtaining a loan.
“It’s just a difference of opinion,” Williams said, according to Bloomberg.
Judge Engoron, known for his strong political leanings against Trump, is anticipated to reach a verdict on the fraud trial before the month’s end.