Former President Donald Trump made a surprising admission during his testimony in the $250 million fraud civil trial.
Here’s what you need to know about the news.
Donald Trump’s colossal admission during the trial
Former United States President Donald Trump made a “stunning admission” during testimony Monday, according to some legal analysts, as trials for his civil fraud case continue in New York.
New York attorney Letitia James filed suit against the former president for allegedly overstating the value of his company to generate billions of dollars in profits to qualify for bank loans and tax cuts.
Trump’s two sons, Donald Trump Jr. and Eric Trump, as well as his company, the Trump Organization, are co-defendants.
Last month, Judge Arthur Engaron of New York, who is presiding over Trump’s civil fraud trial, held Trump, his sons and their companies responsible for committing fraud and advanced some charges such as falsifying business records , insurance fraud and conspiracy allegations. will be decided in subsequent trials.
As trials in the civil fraud case continue, Trump took the witness stand Monday in New York and claimed he was being unfairly treated in his trial.
In his testimony, the former president allegedly agreed to impose financial conditions for Deutsche Bank to lend him money.
Meanwhile, many legal analysts on social media have claimed that Trump admitted to deliberately trying to get money from Deutsche Bank and thus admitted to committing fraud.
The claims come after a prosecutor in James’ office questioned Trump about a Deutsche Bank financial statement. Several legal figures have responded to Trump’s alleged fraud admissions and testimony.
Lawyer and writer Amee Vanderpool posted on X: “Trump just admitted his intention to incite lending. Add to that the inaccurate numbers used and you have proven the basic legal elements of fraud.
Another lawyer and former federal prosecutor, Joyce Vance, called Trump’s remarks a “stunning admission” that could be used against him in the case.
Another attorney, Katie Phang, commented about »
“Not only is this a stunning admission, but it will harm efforts to argue on appeal that the judge was wrong to enter a pretrial judgment on the fraud allegations. This is pretty much Trump’s last ditch effort to save his business in New York,” Katie Phang added.
Trump, the leading contender for the 2024 Republican nomination, faces 91 criminal charges in his four criminal prosecutions, including payment of Hush Money, mishandling of classified documents and federal and state election conspiracy of 2020.
He has pleaded not guilty to all charges. If convicted in his civil fraud case, Trump could lose some of his business properties and be barred from doing business in New York.
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