{"id":2070688,"date":"2023-10-17T17:19:04","date_gmt":"2023-10-17T21:19:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/live-updates-trump-to-return-to-new-york-fraud-trial\/"},"modified":"2023-10-17T17:24:53","modified_gmt":"2023-10-17T21:24:53","slug":"live-updates-trump-to-return-to-new-york-fraud-trial","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/live-updates-trump-to-return-to-new-york-fraud-trial\/","title":{"rendered":"Trump to face New York fraud trial &#8211; Live updates"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Flive-updates-trump-to-return-to-new-york-fraud-trial%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2070688&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><blockquote>\n<h2>Prosecution Presents Two \u2063Appraisals with Different Numbers, Same Date\u20133:48\u200b p.m.<\/h2>\n<p>The courtroom \u2063was abuzz as prosecutors revealed two appraisal reports dated November 1, 2012, to former Cushman and Wakefield appraiser \u2064Douglas Larson. The reports, however,\u2062 contained conflicting\u2063 numbers, leaving Larson unsure which one he had submitted to Capital One first.<\/p>\n<\/blockquote>\n<p>The prosecution then delved into the details of the 2011\u200d and\u2064 2012 appraisals, highlighting the disparity in cost per square \u200dfoot.\u200c Interestingly,\u200d a note indicated\u2064 that the 2012 price had increased by a mere 12 \u200bcents per \u2063square foot. <\/p>\n<blockquote>\n<h2>Court Resumes\u20132 p.m.<\/h2>\n<p>The \u2062trial recommenced with appraiser Douglas\u200c Larson taking\u2062 the witness stand once again.<\/p>\n<\/blockquote>\n<blockquote>\n<h2>Trump Attorney\u2063 Shares Disclaimer\u20131:55 p.m.<\/h2>\n<p>Attorney Alina Habba returned to court, reading the Disclaimer frequently referenced by Former \u2062President Donald Trump\u2062 in\u200c his financial statements. This Disclaimer serves as a key defense, asserting that the Trump Organization may employ different\u200b methodologies, thereby urging banks and lenders to conduct their own analyses.<\/p>\n<\/blockquote>\n<blockquote>\n<h2>Related Stories<\/h2>\n<ul>\n<li><a href=\"http:\/\/www.theepochtimes.com\/epochtv\/its-so-unconstitutional-trump-denounces-gag-order-by-washington-judge-5511252?ea_src=author_manual&#038;ea_med=related_stories\"><strong>\u2018It\u2019s So Unconstitutional\u2019: Trump Denounces Gag Order \u200dby Washington Judge<\/strong><\/a>  -\u200c 10\/16\/2023<\/li>\n<li><a href=\"http:\/\/www.theepochtimes.com\/us\/trump-to-vow-for-ideological-screening-of-immigrants-to-counter-terrorist-communist-threats-5511179?ea_src=author_manual&#038;ea_med=related_stories\"><strong>Trump \u200dVows \u2018Ideological Screening\u2019 of Immigrants Amid Threats Linked to Israel-Hamas War<\/strong><\/a>  &#8211; 10\/16\/2023<\/li>\n<\/ul>\n<\/blockquote>\n<p>&#8220;What is\u200b happening \u2063now is that they&#8217;re saying the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breaking-ag-barr-authorizes-federal-prosecutors-to-pursue-substantial-allegations-of-voting-irregularities-before-2020-election-is-certified\/\" title=\"BREAKING: AG Barr Authorizes Federal Prosecutors to Pursue \"Substantial Allegations\" of Voting Irregularities Before 2020 Election is Certified\">attorney general<\/a> is\u200b now going to use 63(12) against \u2063consumers, and she&#8217;s going to come after you and your business, \u2062and\u200d that she will bring your children involved,&#8221; she said, referencing the statute the prosecutors are using in their case.<\/p>\n<p>Reporters eagerly inquired \u2062about the \u200blegal proceedings and earlier testimonies from Tuesday\u200d morning.<\/p>\n<p>&#8220;I think you guys need to understand something: banks\u200d hire appraisers,&#8221; she explained. &#8220;When you, as an individual, get something appraised and claim &#8216;my house is worth x,&#8217; the bank doesn&#8217;t simply take your word\u200d for \u2064it.&#8221;<\/p>\n<blockquote>\n<h2>Trump: &#8216;The Trial Is Going Very Well&#8217;\u201312:52 p.m.<\/h2>\n<p>President Trump confidently addressed reporters during the lunch break, expressing satisfaction with the ongoing trial. He \u200bhighlighted Deutsche Bank&#8217;s testimony,\u200b emphasizing that the loans were\u2064 paid off without any defaults or victims, except himself.<\/p>\n<\/blockquote>\n<p>President Trump dismissed the case \u2062as \u2062a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/live-updates-trump-to-return-to-new-york-fraud-trial\/\" title=\"Trump to face New York fraud trial - Live updates\">politically motivated witch hunt orchestrated<\/a> by \u2064New \u200dYork Attorney General Letitia\u2062 James, who he claimed had a personal vendetta against him. He further asserted that the trial was rigged against him due to biased prosecutors \u2062and a judge.<\/p>\n<blockquote>\n<h2>Lunch Break\u201312:50 p.m.<\/h2>\n<p>Following the prosecutors&#8217; emphasis on the lack of communication between Douglas Larson and the Trump Organization regarding cap rates, the court adjourned for lunch.<\/p>\n<\/blockquote>\n<blockquote>\n<h2>Court Resumes with Appraiser&#8217;s Testimony\u201311:50 a.m.<\/h2>\n<p>Appraiser Douglas Larson, formerly with\u200b Cushman and Wakefield, continued his testimony regarding the\u200d appraisal he conducted of 40 Wall Street in 2015. He discussed the various factors he \u200bconsiders during \u2064the appraisal process.<\/p>\n<\/blockquote>\n<p>Mr. Larson clarified that he had conducted the appraisal for lenders to \u2062the Trump Organization and was not directly contracted by the organization itself. He also revealed \u2063that he was unaware that the Trump\u2062 Organization was utilizing his report to calculate their financial statements, which employed higher rates than his own. He \u2063emphasized the need for formal appraisals\u2063 and distinguished between valuations and appraisals.<\/p>\n<blockquote>\n<h2>Court in Recess\u201311:30 \u2064a.m.<\/h2>\n<p>Prior to the break, Douglas Larson testified about his \u200b11-page appraisal of 40\u2064 Wall Street in 2015, explaining his methodology and thorough inspection of the property, including its tenancy.<\/p>\n<\/blockquote>\n<blockquote>\n<h2>Appraiser Next on Witness Stand\u201311:14 \u2064a.m.<\/h2>\n<p>Douglas Larson, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hold-on-a-second-are-you-telling-me-mahmoud-abbas-hates-jews\/\" title=\"Wait, so you're saying Mahmoud Abbas hates Jews?\">executive\u2064 vice president<\/a>\u2064 of Valuation and Advisory at Newmark, took the\u2063 stand as the next witness. He \u2062previously worked for Cushman and Wakefield.<\/p>\n<\/blockquote>\n<blockquote>\n<h2>Trump \u200cOrganization Employee Testifies\u201310:40 a.m.<\/h2>\n<p>Donna Kidder, assistant comptroller at the Trump Organization, provided testimony regarding\u200d the refinancing\u2064 loan for 40 Wall Street. She also \u200ddiscussed Ivanka Trump&#8217;s deals and agreements, including the 2011 \u2064and 2012 leases of the 502 \u2063Park\u200d Avenue apartment.<\/p>\n<\/blockquote>\n<p>Prosecutors questioned Ms. Kidder about a\u2064 spreadsheet she \u2064prepared in 2018, projecting licensing fees and their connection to the Statements of Financial Condition (SFC) submitted\u2063 by Mazars. Defense\u200b attorneys raised objections, but the judge allowed the line of questioning to continue.<\/p>\n<blockquote>\n<h2>Trump \u200bReturns to Court\u20139:53 a.m.<\/h2>\n<p>Former President Donald Trump made a dramatic entrance into the courtroom, expressing his belief that the trial should not be <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wow-pa-election-observer-drops-bombshell-says-special-agents-from-ags-office-showed-up-at-her-door-to-question-her-after-she-testified-video\/\" title=\"WOW! PA Election Observer Drops BOMBSHELL - Says Special Agents from AG's Office Showed Up at Her Door to Question Her After She Testified (VIDEO)\">taking place<\/a>. He \u200bhighlighted the testimony of former Deutsche Bank risk management officer Nicholas Haig, who \u200dcontradicted the prosecution&#8217;s narrative regarding the risks associated with President Trump&#8217;s property valuations.<\/p>\n<\/blockquote>\n<p>President Trump accused New York Attorney General Letitia\u200d James of pursuing a politically motivated\u2064 case against him, questioning her suitability for the role. He also criticized the judge&#8217;s \u200cruling on the valuation of Mar-a-Lago, claiming bias and corruption\u2063 within the\u200b legal system.<\/p>\n<blockquote>\n<h2>Trump \u2064Trial to Resume\u20139:25 a.m.<\/h2>\n<p>The trial entered\u2063 its\u200c third week,\u200c with former President Donald Trump expected \u200cto attend multiple days. He expressed gratitude for\u2062 the support\u2064 of legal professors and scholars\u2062 who believe he did nothing wrong. However, he \u200dvoiced concerns about the lack of a jury and \u200caccused the judge of being highly political.<\/p>\n<\/blockquote>\n<p>Last September, \u2063New York Attorney General Letitia James sued President Trump, alleging fraud and inflating his net worth. \u200cThe ongoing trial aims \u2062to prove these claims \u2062and determine the extent of President Trump&#8217;s \u2064liability. The judge, Arthur Engoron, will make the final decision, as the statute being used does not allow for a jury\u200c trial. The damages sought\u2062 by the prosecution include a \u200b$250\u200d million\u200b penalty\u200c and a five-year ban on President Trump and his sons conducting business in the state.<\/p>\n<p>President \u2063Trump criticized the legal\u2063 system, claiming it is corrupt and broken. He also mentioned other cases against him,\u200d including a recent gag order imposed in a separate election interference case. President Trump&#8217;s day in court \u200dwas expected to be followed by a scheduled deposition \u200bin a case \u2063involving former FBI agent Peter Strzok suing the Department of Justice.<\/p>\n<p>The trial is set\u200b to resume at 10 a.m., with President Trump present in the courtroom.<\/p>\n<p>During the first week of the \u2064trial,\u2062 President Trump surprised observers by attending and engaging with the press. He plans to attend future sessions, including when his former lawyer Michael Cohen is expected\u2062 to testify.<\/p>\n<p> <\/p>\n<h2> What implications does the discrepancy in\u200d numbers raise\u2062 regarding the accuracy and integrity of the\u2063 appraisal process \u200cfor the \u200cTrump Organization&#8217;s loan transactions?<\/h2>\n<p><span>  He loans taken\u200c by the Trump Organization. Trump reiterated his defense that the loans were properly handled\u200b and there were no defaults \u2062or victims, except himself.<\/p>\n<\/blockquote>\n<p>The trial of \u200dformer President Donald\u200c Trump \u200cand the\u200d Trump Organization continued \u200don Tuesday,\u200c with several key moments and testimonies. The\u2063 prosecution presented two appraisal \u200creports with conflicting numbers\u200c to \u200cformer appraiser Douglas Larson, \u2062leaving \u2064him uncertain about which one he had submitted to Capital One first. This revelation emphasized the inconsistencies and potential manipulation \u2062of financial documents.<\/p>\n<p>The courtroom buzzed with \u2064anticipation as Larson took\u200b the witness stand once again. He provided details about the 2011 and 2012 appraisals, highlighting the significant differences in the\u2062 cost per \u2062square foot. The discrepancy in numbers raised questions about the accuracy and integrity \u200bof the appraisal process.<\/p>\n<p>In a \u2063separate development, Trump&#8217;s attorney, Alina Habba, shared a Disclaimer frequently used by Trump in his financial \u2064statements. This Disclaimer\u200c served as a key defense, asserting that the Trump Organization may employ different methodologies in their analyses. Habba emphasized the need for banks and lenders to conduct their own assessments rather than blindly relying on appraisers.<\/p>\n<p>The \u200btrial also featured President Trump himself addressing the media during the lunch break. He expressed confidence in the ongoing proceedings \u200band highlighted the\u2063 testimony given by Deutsche Bank,\u2064 emphasizing that the loans were \u2062paid off without any defaults or\u2063 victims, except himself. Trump dismissed the entire\u2063 case as a politically motivated witch hunt\u2064 orchestrated by New York Attorney\u200d General Letitia\u200d James, whom he accused of\u200b having a personal vendetta against him. Trump further \u2064claimed that the trial was biased due to prosecutors and \u200da judge with preconceived notions.<\/p>\n<p>Throughout the day, various witnesses provided testimonies related to the Trump \u2062Organization&#8217;s financial dealings. Donna Kidder, \u200ban assistant comptroller at the Trump Organization, testified about the refinancing loan for 40 Wall Street and discussed Ivanka Trump&#8217;s \u2064deals and agreements. Prosecutors questioned her about\u2062 a spreadsheet she prepared \u2064in 2018, projecting licensing fees and \u2062their \u200bconnection to \u2063Statements of Financial \u2062Condition \u2063submitted by Mazars. Defense attorneys objected to this line of\u200c questioning, but the judge allowed it \u200bto \u2062continue.<\/p>\n<p>Douglas<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prosecution presents two appraisals to Douglas Larson, dated Nov. 1, 2012, with conflicting numbers. Larson, a former Cushman and Wakefield appraiser, was asked which report he submitted to Capital One first. He claimed ignorance. Prosecutors proceeded to display further evidence.<\/p>\n","protected":false},"author":2462,"featured_media":2070689,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2070688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2070688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2462"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2070688"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2070688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2070689"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2070688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2070688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2070688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}