(Breitbart) A Deutsche Bank AG executive told a court in New York on Tuesday that it is not unusual for loan clients to overstate their net worth, and that the bank does its own due diligence in determining eligibility for loans.
Another executive testified that the bank had benefited from its business relationship with Trump and had wanted to continue that relationship — all of which runs against Attorney General Letitia James’s civil fraud case against Trump: there was no one harmed by alleged overestimates of his worth.
Trump faces the first case ever brought in New York in which a borrower is being sued for fraud when no one is claiming actual harm. The state is seeking a $250 million fine against Trump, and wants him to be forced to give up control of his businesses.
Judge Arthur Engoron, an elected Democrat, issued a summary judgment that Trump was liable before Trump was ever able to mount a defense. The current phase of the trial is simply about the penalty. But it is undermining the state’s basic allegations.
Bloomberg News reported:
Legal scholar Jonathan Turley of George Washington University observed:
