World News

NY AG Letitia James says Trump’s high-priced expert witnesses are helping her civil fraud trial case

  • NY AG Letitia James said that former President Donald Trump‘s expert witnesses are helping her case.

  • She said that two experts admitted that the valuation of some of Trump’s properties were not proper.

  • Trump’s expert witnesses have reportedly cost more than $2 million.

New York Attorney General Letitia James said former President Donald Trump’s expensive expert witnesses are helping her civil case alleging his property empire, which is alleged to have engaged in a decade of fraud.

“Over the past few days, we continue to hear testimony from the defendants’ many expert witnesses,” James said in a video message posted on X on Friday.

She said that one of the experts “admitted that the valuations of some of the properties on Donald Trump’s statement of financial condition were neither ‘proper,’ nor ‘reasonable.'”

Another expert is a member of Trump’s Mar-a-Lago club, and said that he was personally asked by Trump to “help” in the case when he ran into him at the club, James said.

She said that another Trump expert is an accounting professor whose fees are paid by Save America, Trump’s political action committee.

The professor testified that the value of Trump’s triplex was inflated, James said, adding: “On that we can agree.”

“He also had a lot to say about Donald Trump’s statements of financial condition, even though he has not prepared a financial statement since the 1980s,” she said about the third witness.

She was referring to New York University Stern School of Business Research Professor Eli Bartov, who has racked up $877,500 in fees for his testimony.

Of the 11 experts called by the defense, two testified for free, and the rest charged a total of well over $2 million.

“Donald Trump can continue to try to distract from reality. You can continue to call me names. But as the judge said today, ‘the standard is truth.’ And the truth is on our side,” James said in the message.

James’ civil fraud case, which seeks $250 million in damages and other penalties, alleges that Trump and several key executives at the Trump Organization knowingly falsified financial statements and inflated the values of assets to get better insurance and loan terms.

The trial starts its eleventh week of testimony on Monday, with the former president expected to take the stand.

Donald Trump will give the final word in his defense against claims his business engaged in a decade of fraud as the New York trial threatening his business empire nears its end.

All eyes are on the New York courthouse on Monday, whenThe former president is expected to take the witness stand for a third time, this time under his legal team’s questioning.

Read the original article on Business Insider




Source

mypresscity

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close

Adblock Detected

If you enjoy our content, please support our site by disabling your adblocker. We depend on ad revenue to keep creating quality content for you to enjoy.