Podcast Summary
Testimony of Former Trump Organization Controller Reveals Conspiracy to Submit False Financial Statements: Former Trump Organization controller Jeff Makani's testimony reveals a conspiracy between Allen Weisselberg, Jeff McConney, Donald Trump, and Eric Trump to submit false financial statements for loans, insurance, approvals, and bonds, misrepresenting Trump's net worth and liquid assets.
The ongoing New York civil fraud trial against the Trump Organization has seen significant developments with the testimony of Jeff Makani, a former controller for the Trump Organization. Makani's testimony, along with his cross-examination by the New York attorney general, has established a conspiracy between Allen Weisselberg, Jeff McConney, Donald Trump, and Eric Trump. This conspiracy involved the submission of false financial statements to obtain loans, insurance, approvals, and bonds, all of which were not entitled to. At the heart of the case is the statement of financial condition, which was required by banks to show Donald Trump's net worth and liquid assets. Trump had consistently denied having much involvement with this statement, but the testimony suggests otherwise. The statement was used to meet requirements for loans, with Deutsche Bank requiring a personal net worth of over 2.5 billion dollars and about 500 million dollars in liquid assets. Trump's attempts to distance himself from the statement, claiming he never saw or looked at it, are now under scrutiny.
New York Trial: Trump, McConney, Weisselberg, and Eric Trump's Roles in Falsified Financial Statements: Handwritten notes by Trump linked him to falsified financial statements, while Eric Trump's testimony revealed his involvement during Trump's presidency. McConney, Weisselberg, and both Trumps were implicated in the conspiracy.
That during the New York attorney general's trial, evidence emerged that Donald Trump had knowledge of falsified financial statements through handwritten notes in his own ink, which were attributed to Jeff McConney. Trump initially denied recognizing the handwriting, but Eric Trump's testimony revealed that he had taken over reviewing the statements during Trump's presidency. The workflow of preparing and approving the statements involved McConney, Allen Weisselberg, and both Trump and Eric Trump, suggesting their involvement in the fraudulent activity. McConney testified that he prepared the initial drafts, which he gave to Weisselberg for review before sending them to Mazars for finalization. However, he omitted this detail during his direct examination but was forced to disclose it during cross-examination. This testimony provided crucial evidence linking the three men to the conspiracy surrounding the fraudulent financial statements.
Manipulating Financial Statements: A Case of Donald Trump: Financial statements can be manipulated, leading to potential fraud. Decisions on what to include can artificially inflate worth, with serious consequences including legal issues and damage to reputation.
The financial statements of a company, in this case involving Donald Trump, can be manipulated and inflated, leading to significant financial fraud. The individual in charge of maintaining the spreadsheets, known as the "czar," made decisions on what to include, such as potential deals not yet closed, which can artificially inflate the financial worth. In the example given, the financial statement from 2014 or 2015 was inflated by approximately $300 million. This manipulation trickled down from the financial officer, Mazars USA, to Weisselberg and eventually to Donald and Eric Trump. The implications of such fraudulent financial statements can have serious consequences, including legal issues and damage to reputation. Furthermore, the discussion touched on the temporary relief provided by Ibuprofen and the importance of addressing the root cause of pain and inflammation. Therefore, it's crucial to be aware of the potential for financial manipulation and seek long-term solutions to health issues.
Researchers recommend adding omega 3 fatty acids from wild-caught krill for health benefits: Adding krill oil with omega 3 to your diet can improve heart health, brain function, reduce inflammation, and outperform over-the-counter pain relievers without side effects.
Researchers recommend adding omega 3 fatty acids, specifically from wild-caught krill, to your diet for various health benefits. These benefits include healthy blood pressure, circulation, brain health, and reduced inflammation, swelling, and joint pain. Krill oil's omega 3 content has been shown to outperform over-the-counter pain relievers like Ibuprofen, Advil, and Tylenol, without the dangerous side effects. Meanwhile, in the legal world, the inconsistency between notes and testimony in the Trump case was a major issue. The defense tried to argue that Trump and his sons weren't involved in certain deals, but their own handwriting in the documents contradicted this. Additionally, these documents, which contained handwriting from Jeff Makani, were not turned over during discovery in the case. Ultimately, the attorney general argued that Trump made decisions to include multimillion-dollar deals in his financial statements to boost numbers, and his handwriting was found on these documents. This inconsistency and the withholding of evidence were significant issues in the case. Regarding the offer for Native Path Krill Oil, it's important to note that this is an advertisement and the special offer mentioned is only valid for a limited time. To take advantage of it, go to getnativepath.com/legalaf.
Testimony from Witness McConaughey adds significant evidence to NY AG's case against Trump Organization: Witness McConaughey's uncooperative testimony added 3000+ exhibits detailing potential financial fraud in Trump Organization, including destroyed or poorly retained documents with Trump and Eric Trump's signatures.
The New York Attorney General's case against the Trump Organization involves extensive documentation of potential financial fraud. These documents, some with Donald Trump and Eric Trump's signatures, were either destroyed or not properly retained. Witness Jeff McConaughey testified about directing the creation and approval of fraudulent financial statements, which were used to secure loans, insurance, and permits. The case includes over 3,000 exhibits, highlighting the meticulous nature of the investigation. McConaughey's testimony, despite being uncooperative, adds significant evidence to the allegations of financial misrepresentation within the Trump Organization.
Trump Organization tax fraud trial: Long-time controller testifies against company: Allen Weisselberg, a long-time controller of the Trump Organization, received immunity to testify against the company, linking Donald and Eric Trump to the approval of fraudulent financial statements leading to 17 felony tax evasion counts.
Key takeaway from the ongoing tax fraud trial of the Trump Organization is the testimony of a long-time controller, Allen Weisselberg, who received immunity to testify against the organization. Weisselberg linked Donald and Eric Trump to the approval of fraudulent financial statements that led to 17 felony tax evasion counts against the Trump Organization. This connection was initially not made by the controller during his direct testimony but was revealed during cross-examination by the New York attorney general. As a seasoned trial lawyer, I bring you this analysis every Wednesday and Saturday nights at 8 PM on the Midas Touch Network, where we delve into the intersection of law, justice, and politics. Don't forget to follow us on Instagram @midastouch for the latest news updates.
