What’s Coming Up In The NY Fraud Trial

Created
Mon, 13/11/2023 - 08:00
Updated
Mon, 13/11/2023 - 08:00
Trump’s defense starts its case this week The Washington Post has an excellent write up today about where the Trump trial stands and what we can expect in the next couple of weeks: Former Trump Organization insider Michael Cohen testified in state court that his ex-boss Donald Trump instructed him to fudge numbers on annual financial statements so that they would show his desired net worth. Patrick Birney, a Trump Organization employee, said in court that a top executive told him Trump wanted a bigger bottom line on his annual statements, which were given to banks and insurance companies. An insurance underwriter, Claudia Mouradian, whose deposition was played at the trial, said she relied on the Trump Organization’s claim that a statement reporting roughly $6 billion in combined golf and real estate assets had beenverified by professional appraisers. These were among the assertionspresented during six weeks of trial and testimony in a lawsuit brought against Trump and his business by New York Attorney General Letitia James (D). Her civil case has sought to prove that the former president, his adult sons and their company deliberately inflated the values Trump included on his annual financial statements to secure better terms from bankers and insurers. James filed her lawsuit last year, and she is asking New York Supreme Court Judge Arthur Engoron to fine the companyat least $250 million and render Trump and his family unable to operate in New York by barring them from borrowing money or owning companies. Trump’s defense has denied…