The political weaponization of the U.S. justice system against former President Donald Trump is collapsing despite the best effort of left-wing NY Attorney General Letitia James.
The NY fraud case against Trump claims he overvalued his assets to obtain loans.
Trump has denied the charges of the witch hunt trial. (Trending: Famous Actor Attacks Trump Supporters)
Moreover, even if the charges were true, Trump paid back his loans.
Without any victims, critics say the entire political charade is a waste of taxpayer dollars.
A retired bank official, Nicholas Haigh, testified at Trump’s New York civil fraud trial that Trump obtained hundreds of millions of dollars in loans using financial statements that a court has since deemed fraudulent.
Contrary to the prosecution’s claims, Haigh testified that Deutsche Bank frequently gave “sizable haircuts” to the values that Trump’s attorneys assigned to his properties.
The loans were made and repaid on schedule, and Haigh confirmed that all transactions played out smoothly. (Trending: Disturbing Flag Found Near Massacre in Israel)
The major point of the trial is whether someone was defrauded, and Haigh’s testimony confirmed that Deutsche Bank was not defrauded.
Trump was approved for a $125 million loan in 2011 for his golf resort in Doral, Florida.
He also received a $107 million loan in 2012 for his Chicago hotel and condo skyscraper.
Haigh testified, “I think the phrase we used might have been ‘sanity checks’ on the numbers,” he said.
Haigh testified that they frequently gave “sizable haircuts” to the values that Trump’s attorneys assigned to his properties.
Trump was worth $4.3 billion at the time.
Deutsche Bank decreased his worth to $2.5 billion.
If Trump “committed years of fraud,” then someone must have been defrauded.
There would have to have been “victims.”
The case is quickly falling apart for Letitia James and liberals in NY.
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