NY - $250m fraud against Former President Donald Trump, Trump Org., Eric, Donald Jr., Sept 2022, Trial 2 Oct 2023

[Inthedetails]

I'm confused. Didn't Jr go to Wharton? Isnt' he some kind of VP of one of the various Trump businesses? How can he not know what GAPP or ASC is?

I'm completely unimpressed with their education. jmo

 

[Inthedetails]

Every time I see one of Don Jr.'s videos, one particular Eric Clapton song gets stuck in my head.

I think I know which one, but, tbh, I only know one word of the lyrics. Exactly one word.

jmo

 

[Vern]

I think I know which one, but, tbh, I only know one word of the lyrics. Exactly one word.

jmo

He should brought the make-up pros from The Apprentice with him to court today. Shiney skin; he would have benefitted from a good nose powdering.

 

[sds71]

https://twitter.com/x/status/1719818068669444331

 

[tlcya]

Donald Trump Jr. and state attorney Colleen Faherty got into a rhythm of quick questions and answers during the first hour of direct examination.

"I moved to Florida, but kept the New York pace," Trump Jr. joked at one point when asked by the judge to speak slower.
Trump fraud trial live updates: 'I leave it to my CPAs,' Trump Jr. says of accounting standards

So Donald is doing his usual fast speak (Eric Clapton is living rent free in my head today)

court is adjourned for the day.

 

[tlcya]

https://twitter.com/x/status/1719818068669444331

This is rich. I love it!

 

[Stunned]

How on earth do you run a “billion“ dollar business and not know a thing about running a business?

 

[tlcya]

How on earth do you run a “billion“ dollar business and not know a thing about running a business?

Hence their current pickle?

 

[Stunned]

Hence their current pickle?

There is that!

 

[MyBelle]

But I thought Eric Trump only poured the concrete.

Why Donald Trump's children are testifying in his civil fraud trial

Donald Trump Jr is first to testify in a trial that could restrict the family's business in New York.

www.bbc.com

Eric Trump, who oversaw luxury golf developments for a time, denied he had anything to do with the valuation of Trump golf courses. He asserted that "I pour concrete, I operate properties, I don't focus on appraisals" in a video of his deposition.

This civil lawsuit makes no sense to me because market valuation only matters when the owner wants to sell the property. If it is over-valued, nobody is going to buy it and the seller has to drop the price.

Also, the banks haven't filed lawsuits against Trump's Company.

Very weird.

JMO

 

[MyBelle]

Only 15 minutes into what is expected to be a three-hour cross-examination, Judge Arthur Engoron snapped at defense lawyer Jesus Suarez for asking redundant questions.

"I see why this is going to take two or three hours. Some questions become three or four more questions," Engoron said, interrupting the cross-examination to request that Suarez shorten his questions.

That prompted Trump lawyer Chris Kise to criticize Engoron for placing an unfair standard on the defense team.

"You never give them speeches. You never limit their questions," Kise said about Engoron's approach to the attorney general's legal team. "I think it's unfair."

Kise stressed that the cross-examination of the state's sole expert witness is particularly important since his testimony is likely to play into the judge's calculation of Trump's potential fine.

"This witness is the only witness they have that even hints ... about ill-gotten gains," Kise said.

Engoron, however, refused to back down.
Defense assails judge after he tells them to speed up questioning

The Judge sounds mad. Perhaps because Trump has appealed his fraud ruling made before the trial even started?
JMO

With trial underway, Trump appeals New York judge's fraud ruling

Donald Trump on Wednesday appealed a judge's refusal to dismiss New York Attorney General Letitia James' civil fraud lawsuit against him and his family business, two days after the case went to trial.

www.reuters.com

 

[Smelly Squirrel]

Every time I see one of Don Jr.'s videos, one particular Eric Clapton song gets stuck in my head.

https://twitter.com/x/status/1719792578520887383

 

[MyBelle]

I've been sticking 14th Amendment posts in the D.C. thread. But I think I also put them somewhere else at one point - maybe the J6 thread? I think the 14th Amendment cases could use their own thread, fwiw.

jmo

It makes sense to lump those two into the same D.C. thread, imo. I think both the DC and the 14th Amendment cases have the best chances to succeed.

JMO

 

[musicaljoke]

https://twitter.com/x/status/1719792578520887383

Hehe, I bet he wasn't ready for that question!

 

[Mo Thuairim]

Sorry, wrong thread. Carry on!

 

[Inthedetails]

https://twitter.com/x/status/1719818068669444331

And this is why Trump never writes anything and why he makes the bank* come to his office to look at financials (but not let them take a copy). Look what happens when he does something that can be documented.....it becomes potential evidence against him.

jmo

*eta: Or was it the parks department that had to go to trump office to look at financials? I'm losing track. But, you get the idea. imo

 

[Inthedetails]

Sorry, wrong thread. Carry on!

We've all done it!

 

[mickey2942]

There's just a GAAP in his head where his brain should be.

Pretty much. He doesn't understand GAAP?! Dang, those are the kind of rich people accountants dream about working for....a few years, and then just slip out, unnoticed.

It seems to me that there has been a lot of slipshod accounting done, as when DT wants something, it is done. No questions asked. We see what happens to people who don't jump when DT says, "Jump".

 

[SouthAussie]

The Trump Organization's fraudulent statements of financial condition may have cost banks more than $168 million in interest, which they could have made had they known the former president's true wealth, an expert hired by the New York attorney general's office testified on Wednesday.

<RSBM>

"Trump’s lawyers asserted that the banks had not been misled.
“They are not ill-gotten gains if the bank does not testify it would have done it differently,” Trump’s lawyer Christopher Kise said.

“I decided these were ill-gotten,” Engoron replied."

Trump Jr distances himself from documents at center of fraud trial: ‘I don’t recall’

Donald Trump’s eldest son testifies in New York civil trial, claiming repeatedly: ‘I don’t recall’

www.theguardian.com

 

[minusfour]

This civil lawsuit makes no sense to me because market valuation only matters when the owner wants to sell the property. If it is over-valued, nobody is going to buy it and the seller has to drop the price.

Also, the banks haven't filed lawsuits against Trump's Company.

Very weird.

JMO

The prosecution alleges that they got deals on loans, ( I’ve read costing banks 168 million), that they wouldn’t have got without the increased value. Apparently this trial may be followed by criminal charges. It will be interesting to see if the banks do anything legally after this trial. This may depend on the amount given for disgorgement- will there be anything left for the banks to claw back?