Trump Speaks Out After Bombshell Deutsche Bank Executive Testimony
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Donald Trump just got a big win from testimony in court.
A Deutsche Bank executive testified that the loan Trump got from the bank was not “unusual.”
New York Attorney General Letitia James’ civil fraud case against former President Donald Trump took a turn for the worse on Tuesday following testimony by an executive with Deutsche Bank.
Under questioning from Trump’s legal team, 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 News reported.
Trump attorney Jesus Suarez asked Williams, a managing director at the German-owned bank, “Is the bank capable of reaching its own judgment based on the evaluation it makes of the guarantor’s financial condition?”
“Certainly, yes,” Williams said.
One executive at the bank said that Trump had one of the ‘strongest personal balance sheets we have seen’ — although other documents presented at trial show the lender internally discounted Trump’s $4.2 billion estimate of his own net worth to just $2.4 billion when considering the Doral loan.
Donald Trump reacted on Truth Social saying “This Case must be dropped immediately.”
Deutsche Bank said today in Court:
“Strongest personal balance sheets we have seen.”
“Great franchise opportunity.”
Expert “in successfully running world class assets.”
This Case must be dropped immediately. The whole World is laughing at the New York Court System. We have become a Communist Country!
