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Donald Trump pulls out paper during 224,984

testimony at NYC civil fraud trial, says

it’ll clear his name
By Ben Kochman , Kyle Schnitzer and Priscilla DeGregory
Published Nov. 6, 2023, 6:54 p.m. ET

Woman dies after taking Ozempic to

Donald Trump pulled a piece of paper out of his suit jacket slim down for daughter's wedding:
'She shouldn't be gone'
More On: during testimony in Manhattan court Monday — claiming it
donald trump would completely clear his name in the $250 million civil
fraud case against him and asking to show it to the judge. 106,693
Republican Iowa Gov. Kim
Reynolds endorses DeSantis for
president The former president, 77, was apparently requesting to show
both the judge and a prosecutor a disclaimer clause from a
Five Republicans set to square financial statement on which New York Attorney General
off for third debate: Here’s who Letitia James has accused him of lying in her lawsuit.
made the cut

As he testified at trial in the suit, Trump held the document

Here’s why Biden’s bleeding Donald Trump pulls out paper during
support among black and young up and asked if the judge would “like to have it.” testimony at $250M NYC civil fraud
Americans trial, says it'll clear his name
Later, the real estate tycoon said: “I would love to read this,
Trump lawyer Alina Habba Your Honor, if I could?” 82,396
blasts judge in $250M fraud trial
as ‘unhinged’ outside courtroom
“Not at this point, not at this point,” replied Manhattan
Supreme Court Justice Arthur Engoron — who is deciding
the non-jury case that threatens Trump’s New York real
estate empire.

“I’m shocked,” Trump responded.

Zac Efron looks unrecognizable in
One of Trump’s main defenses during his testimony revolved around the annual statements of financial 'The Iron Claw' interview: 'What
happened to his face?'
condition on which James claims he lied from 2011 through 2021, inflating his assets by billions a year for
better loan and insurance terms.

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Donald Trump pulled out a piece of paper from his suit jacket while he was testifying, saying it would clear him in a fraud
suit.
These lululemon picks are perfect for
Steven Hirsch the holidays

Trump claimed that a disclaimer clause meant that he wasn’t liable for any inaccuracies the documents
might contain — though Engoron, in a bombshell ruling before the trial began last month , shot down that
particular defense argument. Now on

“Ithink that the statements of financial conditions were very good, were actually somewhat conservative,
and they were totally protected, and so was I, by the disclaimer clause,” Trump insisted from the witness
stand Monday afternoon.

The yearly statements contained a section saying that Trump

promised to provide a “fair representation” of the financial filings in see also
accordance with generally accepted accounting principles.

Engoron wrote in his Sept. 26 decision that the disclaimers “do no

insulate defendants from liability” — and added that they actually even Jennifer Lopez jokingly claps back at
“put the onus for accuracy squarely on defendants’ shoulders.” Ben Affleck fans: ‘Back up, bitch’

On Monday, referring to the disclaimer clause, the judge told Trump to News anchor Tamsen Fadal leaving
Donald Trump explodes PIX11 after 15 years
“ read about my opinion — for the first time, I guess.” on witness stand, calling
AG a ‘hack,’ accusing
The debate over the clause prompted Trump to explode on the stand judge of fraud Kanye, North West enjoy father-
aughter Dubai trip as Bianca Censori
and lash out at the judge and the AG. hangs out with friends

“He called me a fraud and he didn’t know anything about me!” yelled Trump, while pointing at the judge. See All

“The fraud is on the court and not on me … the fraud is on her!”

Video
He then called James, who sat calmly in the front row, a “political hack.”

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Chargers-Jets on Monday Night
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Now on

Trump claimed that a disclaimer clause on his statements of financial condition — at the heart of the fraud case —
cleared him of inaccuracies in the documents.
Kelly Ripa Calls Out ‘The Golden
Bachelor’ Gerry Turner On ‘Live’: “You
Trump used myriad other arguments to combat the AG’s claims against him, including trying to downplay Dropped The ‘L Word’ On More Than
the importance of the yearly statements. One Woman”

See All
He claimed that banks didn’t actually rely on financial statements when considering whether to lend him
money — instead placing more importance on the terms of the deal or the location of the property for
which he was securing financing.

“They were not really documents that the banks paid much attention to,” he testified.

Trump testified for roughly three and a half hours Monday.

“I’ve been dealing with banks for 50 years. I probably know banks as well as anybody,” he added. “They
look at the deal, they look at the location … they don’t want to get involved in financial statements.”

And the statements actually undervalued his net worth, Trump testified, claiming that his soaring Financial
District property at 40 Wall St. was worth far more than the $550 million at which it was valued in a 2014
statement.

“That building, you just look at it, and you say it’s worth a lot more
than $550 million,” Trump said, suggesting the prosecutor “pull up
Start your day with all a picture” of the building.
you need to know
Morning Report delivers He also claimed that he repaid all the bank loans he took out, so
the latest news, videos, no one was actually “harmed” and there was no “victim.”
photos and more.
“They were paid in full. There was no victim,” Trump said, before
Enter your email address adding, “Everyone is trying to figure out, why are you [the
prosecutor] doing this? Nobody understands it, but I understand it

… it’s called politics.”

Still, the law under which the real estate tycoon was sued doesn’t
By clicking above you agree to the
Terms of Use and Privacy Policy . require actual harm to be proven if he’s found liable for fraud.

Trump has also claimed as a defense that the whole case against
him is politically driven and his lawyers have threatened to make a motion for mistrial over alleged bias by
the judge.

The 2024 GOP presidential front-runner testified in total for roughly three and a half hours during dramatic
questioning Monday, leaving only Ivanka Trump to be called by the AG’s office Wednesday before the
prosecution rests its case.

Trump lashed out at the judge and the AG, saying they committed fraud and not him.
REUTERS

Trump’s side will begin calling witnesses after Ivanka’s testimony, including recalling Trump’s two eldest
sons, Don Jr. and Eric, Trump’s lawyer confirmed Monday.

1891 What do you think? Post a comment.

The case — which was originally slated to run until the Christmas break — is now expected to end around
Dec. 15, Trump’s lawyers told the judge Monday.

Outside of court after the trial ended for the day, Trump said the case needed to be dismissed immediately
and blasted the judge and the AG for carrying out what he called a “fraud” against him.

Filed under donald trump fraud lawsuits letitia james manhattan supreme court
trials 11/6/23

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GM
14 hours ago
Whats wrong with you people , I sell a house or want to buy a house the bank evaluates
ppraisers the property looks at my bank statements and income and other debts and
my ability to repay. And by the way if the properties were overvalued then
companies owe him money. You ca...
See more
Reply 80 Share

Storm
11 hours ago
I believe it’s called due diligence. If I’m going to lend you a large amount of money, I’m
oing to verify your ability to pay me back and that all claimed values of property are
by appraisals. Bank failed to do its job.
Reply 27 Share
1 reply

Mark Mathew’s
2 hours ago
Your right…..if this is being considered illegal then everyone is guilty of fraud for trying to
et the most of a deal. This is just another democratic trial to “get Trump”. No man in
history has been more punished for beating a Democratic demon!
Reply 35 Share
Show 3 more replies

OK, GROOMER
14 hours ago
Honestly we got to all admit he never faulted on his loans and the banks had no problem giving
im money. It's a a circus court. The AG ran on prosecuting Trump. When he is declared
it still won't matter.

Reply 306 Share

Dapper Dan
14 hours ago
There was a very long time when trump couldn't get loans and historically there have
een many loans he defaulted on. He did not default on any loans in the last 7 years is the
you can say.
Reply 88 Share
4 replies

Mainstream American
11 hours ago
The circus was how he was playing games with finances. You should be happy the courts
making sure wealthy can't game the system like this.
Reply 71 Share
9 replies
Show 19 more replies

D. B. Cooper
14 hours ago
It does not matter what Trump claimed the value of his properties was at the time he applied
or the loans. The lenders don't care. They're not stupid. They send their own team of
to determine the value of the property. They gave Trump the loans based upon their
appraisals, not his. ...
See more
Reply 442 Share

Friendly Fire
14 hours ago
No, they can rely on this certified statements in New York. This statute severely punishes
hose who use them to commit fraud, which is why all legit corporations don't try to pull
stunt.
Reply 113 Share
8 replies

Mickermint
10 hours ago
Ifind it odd that the prosecution has not presented the loan write ups as evidence. Every
ommercial loan has a write up on some bank form that discusses why the customer
a loan, an analysis of the customers ability to pay, a listing of all assets used to
a loan, references to support...
See more
Reply 39 Share
1 reply
Show 19 more replies

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