New York’s career Democrat Attorney General Letitia James has issued an angry response after the testimony from a Deutsche Bank executive has threatened to sink her civil “fraud” against President Donald Trump.
On behalf of the Democrats, James has launched a case against the 2024 election frontrunner that targets his family’s company, the Trump Organization.
The politically motivated case is seeking $250 million in “damages” from the company, despite there being no victims to compensate.
James is also seeking to ban Trump and his sons from operating any businesses in New York.
Central to the get-Trump case is the allegation that the 45th president inflated his assets to defraud lenders and insurance companies.
However, a Deutsche Bank executive, who worked to approve at least one of Trump’s loans, blew a big hole in James’s claims, according to the Gateway Pundit.
The exec, David Williams, testified on Tuesday that it is “atypical, but not entirely unusual” to reduce a client’s asset values and still approve a loan.
Bloomberg reported:
“A Deutsche Bank AG executive gave testimony that could bolster Donald Trump’s defense in his civil fraud trial, telling a New York judge that prospective clients can get loans even after reporting a net worth far higher than the lender’s own calculations.
“David Williams, who worked on at least one of three loans Deutsche Bank made to Trump in the years before he was elected president, testified Tuesday that it’s ‘atypical, but not entirely unusual’ for the bank to cut a client’s stated asset value by 50% and approve a loan anyway, as it did with Trump.”
Williams testified that Trump’s stated assets are merely an opinion.
A difference of opinion in asset values does not disqualify the potential borrower from a loan, he noted.
Trump’s defense attorney argued that Deutsche Bank conducted its own due diligence and made their own decision to loan Trump money.
“The bank conducted its own due diligence,” Trump’s attorney Christopher Kise said.
“The bank had no problem with a $2 billion or a $3 billion difference.”
Kise also argued that the German bank wasn’t harmed because it “didn’t change what it did based on what President Trump submitted.”
Kevin Wallace, a lawyer from Letitia James’s office hit back at the defense lawyer with an angr response.
“I think the idea that you can’t lie to a bank is pretty well established,” Wallace blasted.
Radical Judge Arthur Engoron sided with James’ office, however.
“The mere fact that lenders were happy doesn’t mean that the statute wasn’t violated,” Engoron insists.
READ MORE: Video Shows AG Letitia James Smirking as Don Trump Jr Appears in NY Court
