“Damning”: Legal experts say NY AG got Trump to make “critical admission” in fraud testimony

by devlinadl

28 comments
  1. > AG gets trump to agree that the financial statements and “Trump’s personal guarantee” were to induce banks to lend money.

    That is an admission of guilt folks.

  2. Fraud? Yes
    Intentional Fraud? Yes
    Conspiracy to commit Fraud?

    “Who was responsible for these valuations?”
    “Everybody.”

    Seems that’s a Bingo.

  3. I think the biggest realization from all of this is that the business deals Trump has engaged in have always been bullshit, but despite that admission, he publicly flaunts how successful he is in business. He’s a dangerous sociopath.

    Here’s the house of cards he built in case anyone is confused:

    * Trump needs partners or a loan for a new project.
    * Banks or business partners demand evidence of total wealth and access to cash in case the deal goes south while in progress.
    * Trump creates dodgy assessment and financial data used as due diligence to justify the loan or partnership.
    * Banks or other businesses assume that Trump is telling the truth and don’t demand more detail. Who would lie when the stakes are this high?
    * The deal is signed based on knowingly fraudulent information, Trump specifically stated that these documents have a notification that their accuracy is not guaranteed.
    * Trump uses these business deals to build more legitimacy, and uses that as a reference for future deals.

  4. He loves to talk and can’t imagine himself being accountable to anyone. How hard can that be?

  5. I’m not a legal scholar but I expected 3 things from his testimony.
    1 – He would lie.
    2- He would yell and insult
    3- He would incriminate himself

    YAHTZEE

  6. Hence why Trumps attorneys are pushing for a mistrial.

  7. >The truth?! You can’t handle the truth!

    >Heck, I don’t even know what the truth is! All I know about the truth is that it has nothing to do with whatever it is I’m saying at any given point! So you don’t know what it is either, and you can’t find out! Checkmate!

  8. Yeah he does that all the time. Doesn’t seem to matter

  9. Anybody who has filed taxes through an accountant knows that the accountant will make you sign a waiver indicating that all the information provided is accurate, passing through liability for fraud directly to the filer and keeping the accountant out of trouble.

    Trump thought he could just reverse that and it would work.

    It did for far too long, making suckers out of everyone else doing legitimate banking.

  10. After all this, the sentence will probably be nothing. Or it will get appealed

  11. I personally think Trump did not see anything he did as wrongdoing and in fact just thought it was how everyone else got away with their own deals. Thats why we got as much of a straightforward admission as we did. Im pretty sure when the other boot drops for him hes gonna be pissed and not know why he wasnt allowed to get away with it, the ensuing shitshow will be spectacular to see. Im betting on tons of failed to comply news and him doing everything he can to hold onto his sinking ship. I wouldnt put him past trying to start riots over this.

  12. I’ll be eating popcorn watching to see what happens . 😃

  13. The other Trumps tried to blame the accountants, Trump said it was all their responsibility.

  14. Until he’s in jail, I don’t believe all these hype articles

  15. >Dubbing it a “rollercoaster of a day,” Rubin said that the former president’s testimony demonstrated “**that despite having no memory of telling a Wall Street Journal reporter that a particular building was valued at $600 million**, a contemporaneous email from his son showed he, in fact, did exactly that.”

    >In another instance, Rubin reported that James’ team “has shown that despite much lower, and sometimes even negative net revenue from leasing that same building, Trump told a Forbes reporter — on tape — that that building ‘threw off’ between $50-60 million per year, **another conversation Trump did not recall.**”

    That can’t be right, he has probably the best memory of any ever. A HUGE memory some people might say.

    /s

  16. Guarantee that he and his followers will start blaring everywhere they can about how the NYAG tricked him into admitting guilt using terms nobody could ever understand. A type of perjury trap.

    They will all of course ignore the fact Trump’s own attorney called the NYAG _”not that bight”_ and he has spent his entire life passing himself off as the smartest best business man _ever_.

  17. These posts are really starting to get annoying. I do not give a singular fuck about anything except a guilty verdict and this man being put behind bars. Anything else is sensational bullshit. Get to it already.

  18. Critical admission or not, if this results in no jail time then this case is all for naught. Still waiting for him to actually face consequences

  19. I don’t think he got Trump to ‘admit’ anything, they just let trump ramble and they steered him towards the direction they wanted to go in.

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