A new report reveals that testimony from Deutsche Bank officials in New York Attorney General Letitia James’ claims that Donald Trump’s companies engaged in fraud has “blown up” the case.
James campaigned for her statewide office on the slogan of getting Trump, even though there was no evidence of wrongdoing on the part of his companies. She’s now in court, claiming fraud and demanding $250 million in damages and the execution of his New York enterprises, even though there’s no evidence of unpaid loans, irate partners, unmade payments, or anything of that kind.
Trump has charged repeatedly that it’s no more than a political witch hunt in which James, apparently with the aid of Judge Arthur Engoron, is trying to inflict as much damage on him as possible, without cause.
A report in The Gateway Pundit explains now how testimony from a Deutsche Bank official undermined James’ claims.
The report first explained the 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.”
“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.”
Williams worked on at least one of the loans Deutsche Bank made to Trump before he was president, and said the stated assets are merely an opinion and a difference of opinion in asset values does not disqualify a borrower.
The Pundit explained, “Radical Marxist New York Attorney General Letitia James is seeking $250 million in ‘damages’ when there is no victim in this fraud case and she is also seeking to ban Trump and his sons from operating any businesses in New York. She accused Trump of inflating his assets and defrauding lenders and insurance companies.”
The banker said such lending “is typical in high net-worth, high-profile clients like Donald Trump,” the report explained.
Engoron repeatedly has acted in opposition to Trump’s defense, and recently threatened that fining Trump for “illegal profits” could be a remedy.
The Pundit explained that was in a case “with zero victims.”
William A. Jacobson, a clinical professor of law and founder of the Legal Insurrection website, has suggested James is a victim of “Trump Derangement Syndrome.”
The evidence? Her $250 million civil lawsuit against President Donald Trump and his family over his business dealings.
Writing at the Daily Caller News Foundation, Jacobson explained that although the state office James holds has great power, hundreds of employees and authority both in criminal and civil venues, “political neutrality is not what Attorney General Letitia James has delivered.”
In fact, her campaign for the office was based on her promise “to get Donald Trump on something, anything,” he explained. As a result, she’s “conducted herself in office to exact political revenge on the former president, his businesses, and his family.”
In fact, it was during 2018 while she was campaigning that James demanded: “He should be charged with obstructing justice. I believe that the president of these United States can be indicted for criminal offenses and we would join with law enforcement and other attorneys general across the nation in removing this president from office.”
Jacobson pointed out James also was on social media boasting of an endorsement from Rep. Maxine Waters, D-Calif., who said James would, if elected, “investigate Trump.”
When she was elected, Jacobson reported, James bragged, “I will be shining a bright light into every dark corner of his real estate dealings….”
In office, she’s promoted multiple “investigations” of Trump, “even threatening a church as which Eric Trump was appearing,” Jacobson wrote.
Then came the announcement of a civil lawsuit against the Trumps.
However, Jacobson pointed out that no one is alleged to have lost money because of any Trump action, and the focus of the dispute, the valuation of properties, was conceded by even the New York Times to be “often subjective.”
In fact, Engoron radically claimed that Trump’s Mar-a-Lago residence is worth some $18 million, triggering a massive eye roll from the real estate community, where real experts suggested it was worth 50 times that – or more.
The fact is that all of the loans that generated the dispute have been paid off.
“Tish James campaigned on and conducted her office for the purpose of investigating a political opponent and those around him trying to find a crime. That is Soviet-level prosecutorial abuse where individuals are targeted not to prosecute a crime, but to sift through their lives in the hope of finding a crime,” Jacobson said. “And lacking a prosecutable crime, trying to bring them down and purge them from the economic world through a civil lawsuit.”
Trump Derangement Syndrome is a term coined for a malady suffered by those who hate something simply because President Trump is involved.
Other legal experts have warned James destroyed her own neutrality and credibility by threatening Trump before she was elected.
You can claim that there’s “no evidence” but that doesn’t make it reality.
The evidence is so overwhelming that Trump LOST during summary judgement for God’s sake. That’s what happens when you’re caught red handed like the Trump crime family has been.
That’s reality for you saps who can’t see past the propaganda spewed out by this sleezy rag of a website.
I just voted down this screed and the system accepted it. What does that mean? It means Michael A…the REAL one is a genuine fake poster.
I like this site but they should clean up the naming system. It’s too loosy-goosy.