Deutsche Bank May Have Just Destroyed Letitia James’ Civil Fraud Case Against Trump
(www.thegatewaypundit.com)
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Deutsche Bank might have just blown up Letitia James’s civil fraud case against President Trump.
Radical Marxist New York Attorney General Letitia James is seeking $250 million in ‘damages’ when there is no victim in this fraud case and she is also seeking to ban Trump and his sons from operating any businesses in New York. She accused Trump of inflating his assets and defrauding lenders and insurance companies.
A Deutsche Bank executive who worked to approve at least one of Trump’s loans testified on Tuesday that it is “atypical, but not entirely unusual” to reduce a client’s asset values and still approve a loan.
This type of lending is typical in high net-worth, high-profile clients like Donald Trump. Anyone with basic knowledge of banking, lending, portfolio and credit risk management knows this.
It's not unusual, because anything over a couple million has vastly different value depending on a factor of time. If you can sit on it for months to years, yeah you'll get the full price. If you want it gone because you don't want to hold onto an asset that someone defaulted on, yeah it's 50% off.
Thank you for sharing this.
Thank you, but all credit to God and the reporters who have the courage to report the truth.
Seriously, this is all bs. I work in this space, and this is the most ridiculous shit ever. In reality the state does not have 'standing', to use [their] legal strategy against us the past 30 years.
Amen, since everyone was paid you have no intent or victim. now ask her where the Millions of dollars in her bank account came from ?
Lol welcome to NY...
I had to pay a fine to the village for a kitchen renovation long before the village passed a law to issue permits for people to renovate their homes.
Yes a fuckin NYC suburban village, not even the town.
God Bless President Donald Trump, his wife, family, legal team, friends, Q followers, most of all his security team and their families too, God Bless America and you the reader too.
Letitia James looks like she could be Michael Obama brother.
She is disqualified to judge anyone.
"DIVERSITY" HIRE = INCOMPETENCE
We do not need diversity hire. What we need is a education system that educates educates the people.
Hasnt the judge already declared Trump liable for fraud and this stage is just determining what the lunishment is going to be?
This is exposing this Judge to the people. There was no fraud if you have no victim then you do not have intent either.
Ok thats great but the decision has been made
This will fall apart on appeal.