New York Attorney General Letitia James is one of the Democrat prosecutors trying to destroy Trump through lawfare.
But James learned some bad news.
And that’s because Donald Trump’s star witness destroyed Letitia James with this truth bomb.
James brought a first-time-ever civil fraud suit against Donald Trump claiming Trump defrauded the state by inflating the value of his assets to secure more favorable loan terms.
The New York attorney general – who campaigned on a platform of weaponizing her office to get Trump – had to bring the case on behalf of the state because there are no actual victims.
Bank executives at the institutions that loaned Trump money testified that Trump made all his payments on time and the banks turned a profit on their deals with Trump, who they considered a model customer they were eager to do business with.
However, the fix was in from the start.
Democrat Judge Arthur Engoron ruled before the trial even started that Trump was a fraud.
The case is now in the penalty phase where Engoron will decide if James can destroy Trump’s company and force him to sell all his assets – including Trump Tower – through hundreds of millions of dollars in damages.
Trump’s legal team is putting on a defense mainly for the appeals process.
And the chances of the appeal succeeding rose greatly after the expert testimony of New York University’s Stern School of Business Professor of Accounting Eli Bartov.
Bartov testified that there was no evidence of fraud and all of Trump’s financial statements were on the up and up.
“There is no evidence here of concealment,” Bartov told the court. “It’s true this is an error. But it is no fraud.”
“My analysis shows the statements of financial condition for all the years were not materially misstated,” Bartov said, adding that he “couldn’t find a single provision that was violated. I couldn’t find one.”
One of James’ main pieces of evidence was the fact that Trump tripled the value of Trump Tower.
Bartov dismissed that as an estimate within the margin of error and that no fraud took place.
“My main finding is that there is no evidence whatsoever for any accounting fraud,” Bartov stated. “On another end, my analysis shows that the statements of financial condition were not materially mistaken.”
Judge Engoron cut right to the meat of the matter.
“So in your expert opinion, the AG’s claims have no merit?” Engoron asked.
Bartov doubled down on his assertion that James brought a baseless case.
“That is absolutely my opinion. Absolutely.” Bartov answered.
After Bartov’s testimony Trump celebrated on Truth Social.
“Great day in the Rigged Court. Financial Expert was fantastic, exposing the Corrupt A.G. as a FRAUD!” Trump wrote.
Even liberals in the media and the legal profession understand the dodgy nature of the case James brought.
If she succeeds, it will empower the attorney general to target businesses that committed no crime, and it will turn New York into a version of a Soviet republic where a politician gets to determine on a whim who gets to do business in the state.
Great American Daily will keep you up to date on any new developments in this ongoing story and the rest of the breaking news in politics, please bookmark our site, consider making us your homepage and forward our content with your friends on social media and email.
