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Thread: Trump fraud trial live updates: 'There is no fraud here,' accounting expert testifies

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    Default Trump fraud trial live updates: 'There is no fraud here,' accounting expert testifies

    The Case against Trump is falling apart. the Judg is likely trying to figure out hoe he can get Trump without looking like a political hack

    https://abcnews.go.com/US/live-updat...7?id=103642561


    Donald Trump, exiting court at the conclusion of Thursday's testimony, told reporters that New York Attorney General Letitia James' civil fraud case against him is a "disgrace."

    "There was no problem with the loans. The bank was really happy, they testified. Everything was perfect, and it's a disgrace that this case goes forward," Trump said.

    His legal spokesperson, Alina Habba, accused the attorney general's team of hypocrisy for criticizing defense expert Eli Bartov, who testified as a state witness after then-New York Attorney General Barbara Underwood sued Exxon Mobil in 2018 for allegedly defrauding investors. The suit, which James took over when she became New York attorney general in 2019, was unsuccessful.

    "We just listened to testimony from a man who has such distinct recognition as an accounting expert that even Letitia James and the OAG team used him themselves as an accounting expert," Habba said. "Today when he was on the other side, they spent the entire day objecting, because he was giving testimony that didn't suit their claims."

    Trump, meanwhile, boasted to reporters about "leading by about 40 points" in the Republican presidential primary, which he said was partially driven by the civil trial against him.

    "It's driving up my polls because the people of our country get it," Trump said. "My poll numbers are the highest I've ever had."

    Bartov is set to continue his testimony on Friday, with Trump scheduled to take the stand as the defense's final witness on Monday.

    If Donald Trump was a student in Eli Bartov's class, his statements of financial condition would earn him an "A," the New York University professor said on the stand.

    "I've never seen a statement that provides so much detail and is so transparent as these statements," Bartov said, praising the "awesome amount of information" in the financial documents that are at the center of the New York attorney general's case against Trump.

    "There is no fraud here," Bartov said flatly.Despite his effusive praise for the statements, the professor attempted to underplay the significance of the documents, emphasizing that lenders would be expected to do their own valuations to decide about lending to Trump. Deutsche Bank's credit memos -- which regularly marked down Trump's asset values by as much as 50% -- proved that the banks used additional information to independently scrutinize Trump's financial statements, according to Bartov.

    "It is impossible to argue -- it is really absurd to argue -- that Deutsche Bank or any bank or any lender would make lending decisions based on the SOFC," Bartov said of Trump's statement of financial condition. "This should close the book on this case."

    "Everywhere you look, you see this is simply an absurd argument," Bartov said.

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    A hired expert witness. Legitimate, but not the last word.

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    Quote Originally Posted by BidenPresident View Post
    A hired expert witness. Legitimate, but not the last word.
    He is very credible since the State of New York has used him in past cases. The case is falling apart for James. First the banker then the real estate agent now the accountant. They all say the same thing. There is no fraud

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    Quote Originally Posted by ptif219 View Post
    He is very credible since the State of New York has used him in past cases. The case is falling apart for James. First the banker then the real estate agent now the accountant. They all say the same thing. There is no fraud
    Trump already lost the case. Stipulated. This is punishment phase.

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    I dont think that facts matter here.....this is a show trial......there is only one possible outcome.

    80% confidence.
    If U get the GiRRRL! then U Win.

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    Quote Originally Posted by BidenPresident View Post
    Trump already lost the case. Stipulated. This is punishment phase.
    How can he lose with no trial? Shows what a kangaroo court this is. It will be dismissed on appeal

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    The comments are brutal:

    If U get the GiRRRL! then U Win.

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    Quote Originally Posted by ptif219 View Post
    The Case against Trump is falling apart. the Judg is likely trying to figure out hoe he can get Trump without looking like a political hack

    https://abcnews.go.com/US/live-updat...7?id=103642561
    It has already been decided judicially that Trump is guilty of fraud. That is no longer in question.

    This trial is just about how much he is going to have to pay as a penalty.

    Why is that so difficult for you to understand?
    ON HIS WORST DAY, JOE BIDEN IS A BETTER PRESIDENT THAN TRUMP WAS ON HIS BEST DAY!

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    Quote Originally Posted by ptif219 View Post
    He is very credible since the State of New York has used him in past cases. The case is falling apart for James. First the banker then the real estate agent now the accountant. They all say the same thing. There is no fraud
    lol, the judge has already determined there was fraud, that ruling has not changed.

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    Quote Originally Posted by ptif219 View Post
    How can he lose with no trial? Shows what a kangaroo court this is. It will be dismissed on appeal
    It has already been appealed and Trump lost.

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    Quote Originally Posted by BidenPresident View Post
    A hired expert witness. Legitimate, but not the last word.
    The expert witness the prosecution hired themselves, because he is an expert. More than legitimate, that was a disaster for the prosecution.

    He said the same thing I said when this started. SOFC is simply not what banks use to even judge what a building is worth, they have folks whose sole job is to understand and give accurate reports on the status and worth of properties, etc. If a bank gave loans based on SOFC they would be breaking a number of best practices, regulations, and they would fail every solvency test given, they would not be in business because they were not doing what even the government requires of them. This was the part that got broken during the 2008 housing crash, the regulations were changed and banks were forced to ignore requirements on earnings in a horribly flawed attempt to "fix" redlining.
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    Quote Originally Posted by ptif219 View Post
    The Case against Trump is falling apart. the Judg is likely trying to figure out hoe he can get Trump without looking like a political hack

    https://abcnews.go.com/US/live-updat...7?id=103642561
    That "expert" was paid over $500,000 for his "opinion".
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    LOCK HIM UP!

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    Quote Originally Posted by Damocles View Post
    The expert witness the prosecution hired themselves, because he is an expert. More than legitimate, that was a disaster for the prosecution.

    He said the same thing I said when this started. SOFC is simply not what banks use to even judge what a building is worth, they have folks whose sole job is to understand and give accurate reports on the status and worth of properties, etc. If a bank gave loans based on SOFC they would be breaking a number of best practices, regulations, and they would fail every solvency test given, they would not be in business because they were not doing what even the government requires of them. This was the part that got broken during the 2008 housing crash, the regulations were changed and banks were forced to ignore requirements on earnings in a horribly flawed attempt to "fix" redlining.
    No disaster. Witnesses only contribute to the hearing. It is not the judge.

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    Quote Originally Posted by Damocles View Post
    The expert witness the prosecution hired themselves, because he is an expert. More than legitimate, that was a disaster for the prosecution.

    He said the same thing I said when this started. SOFC is simply not what banks use to even judge what a building is worth, they have folks whose sole job is to understand and give accurate reports on the status and worth of properties, etc. If a bank gave loans based on SOFC they would be breaking a number of best practices, regulations, and they would fail every solvency test given, they would not be in business because they were not doing what even the government requires of them. This was the part that got broken during the 2008 housing crash, the regulations were changed and banks were forced to ignore requirements on earnings in a horribly flawed attempt to "fix" redlining.
    Do you believe that it is relevant if the Bank used the SOFC or not to judge what the buildings were worth?
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    LOCK HIM UP!

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    Quote Originally Posted by Damocles View Post
    The expert witness the prosecution hired themselves, because he is an expert. More than legitimate, that was a disaster for the prosecution.

    He said the same thing I said when this started. SOFC is simply not what banks use to even judge what a building is worth, they have folks whose sole job is to understand and give accurate reports on the status and worth of properties, etc. If a bank gave loans based on SOFC they would be breaking a number of best practices, regulations, and they would fail every solvency test given, they would not be in business because they were not doing what even the government requires of them. This was the part that got broken during the 2008 housing crash, the regulations were changed and banks were forced to ignore requirements on earnings in a horribly flawed attempt to "fix" redlining.
    Doesn’t matter what the bank did or did not do. It’s still fraud whether they fell for it or not, which is impossible to know.

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