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Much of this morning’s testimony has been centered on the idea that the Trump Organization got lower interest rates because they inflated the value of their assets on financial documents. The loans they received from various lenders would have come with higher interest rates had they put more honest appraisals on various documents, the New York attorney general’s office is arguing.
The state hired an expert witness, Michiel McCarty, an investment banker, to calculate some of what the Trump Organization’s lenders lost out on because of the fudged financial statements. The number he calculated was just over $168m – specifically $168,040,168.
https://www.theguardian.com/us-news...fraud-trial-testimony-trump-jr-latest-updates
The state hired an expert witness, Michiel McCarty, an investment banker, to calculate some of what the Trump Organization’s lenders lost out on because of the fudged financial statements. The number he calculated was just over $168m – specifically $168,040,168.
https://www.theguardian.com/us-news...fraud-trial-testimony-trump-jr-latest-updates
