Podcast Summary
Testimony from Trump Organization executive reveals Trump's desire to inflate net worth: A Trump Organization executive admitted in court that Donald Trump wanted his net worth on financial statements inflated, with the judge ruling it was not hearsay despite objections from Trump's legal team.
Learning from the ongoing New York attorney general civil fraud trial against Donald Trump and the Trump Organization is the explosive testimony from Patrick Berney, the assistant vice president and financial operations officer at the Trump Organization. He admitted that Allen Weisselberg, a top executive at the Trump Organization, revealed that Donald Trump wanted his net worth on financial statements to be inflated. This admission was met with objections from Trump's legal team, who argued it was hearsay. However, Judge Angora ruled that it was not hearsay because Weisselberg is a party in the case. This trial continues to reveal significant information that has been largely overlooked by other media networks. The potential implications of these revelations are massive.
Trump's Financial Statements Inflated by 'Trump Brand Premium': Judge found Trump added 15%-30% to golf club valuations through 'Trump Brand Premium', contradicting his claim. Also, Trump exaggerated property details as a form of fraud.
During the cross-examination of Patrick Bernie in the ongoing financial case, a major focus was on Donald Trump's practice of adding a "Trump brand premium" to the statement of financial conditions to inflate valuations. This practice was found to have added 15% to 30% to the valuation of several Trump golf clubs, including those in Jupiter, Los Angeles, Colts Neck, Philadelphia, Washington D.C., Charlotte, and Hudson Valley. Trump's claim of never adding a brand premium contradicts the undisputed evidence presented in court. Additionally, Trump's history of exaggerating square footage and other property details to justify higher valuations was also highlighted as a form of fraud. This was a significant finding in Judge Kaplan and Goran's previous summary judgment order.
Trump's Financial Statements and Contradictory Brand Premium: Trump's financial statements showed inconsistency regarding the inclusion of a brand premium for the Trump name. Despite Trump's claims, the statements suggested otherwise. Prioritize good sleep for optimal health, try BeamDream for a restful night, and wake up feeling refreshed.
During the years in question, Donald Trump's financial statements contained contradictory language regarding the inclusion of a brand premium for the Trump name. While Trump claimed he did not add a brand premium, the financial statements suggested otherwise. Meanwhile, it's essential to prioritize good sleep for optimal mental and physical health. BeamDream, a healthy hot cocoa for sleep, offers a solution with its powerful all-natural blend of reishi, magnesium, L-theanine, melatonin, and nano CBD. A recent clinical study revealed that 93% of users reported waking up feeling more refreshed and having a more restful night's sleep after using BeamDream. Incorporating BeamDream into your nighttime routine not only offers a delicious treat but also promotes better sleep, leading to improved performance in daily life.
Allegations of potential fraud in Trump Organization's reporting of assets and approvals for construction projects at Aberdeen, Scotland.: The Trump Organization may have inflated the value of their assets and received approval for more homes than reported in financial statements, potentially impacting their financial reporting and ethical practices.
During the ongoing trial, it has been revealed that there have been instances of potential fraud related to the reporting of assets and approvals for construction projects, specifically at the Trump Organization's golf course in Aberdeen, Scotland. The organization reportedly claimed to have received approval for building more homes than they actually had, inflating the value of their assets. This was discovered during Patrick Bernie's testimony, and it was also confirmed that the Scottish authorities had only approved the construction of 1486 homes, not the 2500 homes reported in financial statements. It's important to note that these allegations are significant and could have implications for the organization's financial reporting and ethical practices. Additionally, it's worth mentioning that there have been other witnesses, including Donald Trump's former CFO and controller, who have testified about committing fraud. The trial continues to focus on the facts and evidence presented in court.
Trump Organization Executives Testify About Inflating Net Worth: Former and current Trump Organization executives testified about Trump's desire to inflate net worth, with evidence including emails and documents presented during the investigation.
During the investigation into Donald Trump's financial statements, it was discovered that an email referred to Ivanka, Eric, and Don Junior as "kids," indicating that they had access to these documents. Patrick Berney, a former executive at the Trump Organization, testified that Trump wanted the net worth to be inflated, and Berney was involved in planning meetings regarding the statement of financial conditions. The New York Attorney General's lawyers presented evidence, including emails and documents, to Bernie during his testimony. Allen Weisselberg, another executive at the Trump Organization, also confirmed that Trump wanted the net worth to increase. While Berney's testimony was not the most explosive yet, it adds to the growing body of evidence against the Trump Organization regarding potential financial fraud. The investigation is ongoing, and more information will be shared as it becomes available.
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