Did Deutsche Bank Just Destroy New York AG's Case Against Trump?
The trial is focusing on six remaining claims, as well as penalties. The state is seeking the return of $250 million in “illegal profit” and a ban on Trump and his sons from serving as directors or officers of any New York-based company. -Bloomberg
By News on the Net -- Zero Hedge—— Bio and Archives--November 28, 2023
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A Deutsche Bank executive may have just tanked New York Attorney General Letitia James' lawsuit against former President Donal Drump - which revolved around portraying the German lender as Trump's biggest victim in an alleged scheme to inflate his assets in order to obtain favorable terms from banks and insurers.
David Williams, who directly worked on at least one of several loans obtained by Trump over several decades, testified on Tuesday in Manhattan that it's "atypical, but not entirely unusual" for a bank to internally slash a client's stated asset values by 50% and approve a loan anyway, as they did with Trump, Bloomberg reports. ---More...
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