Trump Rambled:- The transcripts of a deposition regarding the New York fraud case involving former president Donald Trump have now been made public. As anticipated, the proceedings were replete with compelling drama.
In the ongoing criminal investigation surrounding fraudulent business practices, former President Donald Trump finds himself at the center. Letitia James, the New York Attorney General, has taken legal action against Trump, his children, and various business partners. Pursuing $250 million in penalties through a lawsuit, James is determined to hold them accountable.
The allegations against the former president carry significant weight. According to James, Trump deliberately lied to secure additional bank loans. James further accused him of falsifying his net worth by billions of dollars for personal gain and to manipulate the system.
The transcripts of the recently released session revealed that the former President tended to give lengthy answers, often diverting into irrelevant rants throughout the seven-hour duration.
This behavior led to one of James’s exasperated lawyers declaring, “We are likely to be here until midnight!”
The Attorney General’s office released transcripts that unveiled a tense atmosphere with repeated exchanges between opposing lawyers. During the proceedings, Chris Kise, one of Trump’s legal representatives, expressed frustration, stating, “If you keep asking questions that are all over the map, we’ll be here until midnight.”
In response to this remark, Wallace, an attorney from the AG’s team, retorted assertively, “If your client answers every question with an eight-minute speech, we’ll be here until midnight.”
Apart from a hefty quarter million dollar penalty, James is also seeking the court to impose various restrictions on the former president’s businesses. These measures encompass a permanent ban on Trump engaging in business activities within New York.
The court is being asked to appoint an independent monitor for the next five years. This monitor would oversee compliance, financial reporting, valuations, and disclosures to lenders, insurers, and tax authorities at the Trump Organization.
The deposition transcripts captured moments of the former president’s lengthy speeches, where he energetically extolled the excellence of his properties. Emphasizing the allure of his Miami golf resort, Trump delightedly lauded the opulence found within its “marble bathrooms.”
In another round of responses, Trump expressed excessive admiration for his brand. He stated, “If I wanted to make a bold statement simply for the sake of it, I would highlight the value of my brand—much greater than $3 billion.”
Continuing with his previous remarks, he added, “It is worth noting that I became President of the United States due to the influence and recognition associated with my brand.”
James firmly believes that there exists ample evidence supporting the claim of Trump engaging in criminal asset value inflation. Consequently, it is alleged that this manipulation resulted in him obtaining more favorable bank loans, enabling substantial savings of millions of dollars in interest payments.
She labeled the suspected questionable scheme as “the art of the steal,” drawing parallels to “The Art of the Deal,” a widely recognized business strategy book authored by Trump.
James maintains a confident stance on securing indictments against the former president, his two eldest sons, and several of his past associates in their business ventures.
