Podcast Summary
Testimony from a low-level VP at Trump Org alleging asset inflation: VP Birney testified Trump asked for inflated financial statements, adding to evidence of Trump Org financial fraud
That during a deposition, a low-level vice president at the Trump Organization named Patrick Birney testified that Donald Trump had asked for his financial statements to be inflated. This testimony, which came during a fraud case brought by the New York attorney general, was described as a "mic drop" moment due to its impact and timing at the end of a long day of testimony. The attorney general had promised in the opening statement that Birney would testify that Trump had instructed Allen Weisselberg, the former CFO, to inflate Trump's assets, which is considered a fraud under New York statutes. The Trump team objected to the testimony on the grounds of hearsay, but the judge ruled that it was not considered hearsay when a person reports a statement against interest made by another person. This testimony is significant because it adds to the growing body of evidence against the Trump Organization regarding financial fraud.
Testimony of Bernie's revelation during Q&A session: Bernie's testimony, allowed due to exceptions, suggested Trump's involvement in potential financial fraud, and lack of cross-examination highlighted Bernie's low-level role in Trump Organization.
During a recent court proceeding, a witness named Bernie testified about being directed by Alan Weisselberg on behalf of Donald Trump to inflate assets artificially. This statement, which would typically be considered hearsay, was allowed into evidence due to exceptions such as it not being offered for the truth of the matter asserted, but for the impact it had on Bernie, or it being a statement against interest. Trump's team did not cross-examine Bernie, indicating they had already prepared him and knew he would not be hostile or untruthful. The lack of cross-examination highlights Bernie's perceived low-level role in the Trump Organization and Trump's previous statement that he did not know him well. Another interesting point is that Bernie made this revelation during a Q&A session, damaging Trump's case significantly. The statement is significant because it suggests Trump's involvement in potential financial fraud.
Senescent cell removal for improved health: Removing senescent cells through Qualia's supplement can lead to increased energy, feeling younger, and improved productivity. In legal matters, the party making the accusation bears the burden of proof.
Qualia's senolytic supplement, which removes worn-out senescent cells, allows the rest of the cells in the body to thrive. The supplement, which is non-GMO, vegan, and gluten-free, comes with a 100-day money-back guarantee. Users have reported increased energy levels, feeling younger, and improved productivity. The discussion also touched upon a trial where the attorney general is accusing Trump of fraud, with large sums of fake numbers found on his balance sheet. Despite this, Trump's team did not cross-examine certain witnesses, leading to speculation about their strategy. Overall, the key takeaway is that just as pruning a plant allows for better growth, removing senescent cells in the body can lead to improved health, and in legal matters, the burden of proof lies with the party making the accusation.
Trump Organization inflated assets on balance sheet by $290M: The Trump Organization misled employees by listing $290M as accessible cash, despite it being inaccessible, potentially leading to false reporting of assets.
Allen Weiselberg's testimony revealed that the Trump Organization knowingly inflated assets on their balance sheet by listing $290,000,000 as an accessible cash asset from a partnership with Vornado, despite it being inaccessible to Donald Trump. This false information was given to employees, potentially leading them to list it as an asset. The attorney general's case has not concluded, and the defense has not been given an opportunity to present their case. The misleading of employees and false reporting of assets is a recurring theme in the Trump Organization's dealings, and it raises questions about the integrity of their financial reporting. The lack of cross-examination of Weiselberg and the absence of a directed judgment in favor of the attorney general at the close of evidence are also notable.
Defense team concerned about calling witnesses due to potential harm to their case: The defense team in this case is hesitant to call witnesses due to the risk of unintentionally helping the attorney general's case, but may still choose to do so or cross-examine during the trial.
The defense team in this case does not believe they have enough evidence to prove the elements of intent to defraud in the various statutes the attorney general is suing them under. They are concerned that calling witnesses could accidentally help the attorney general's case and potentially prevent them from requesting a directed judgment in their favor. However, the judge in this case has been involved for a year and has faced numerous attacks from the defendant, which suggests that he is paying close attention and may not grant a directed verdict. The defense team may choose to call witnesses like Hawthorne and Bernie, but they may also choose to wait and cross-examine during the trial instead. Overall, this case is likely to proceed to a full trial with both sides presenting their evidence and arguments.
