Trump Org’s Fraudulent Statements Cost Banks $168 Million in Interest, AG’s Financial Expert Testifies

Posted on AllSides November 1st, 2023
From The Center
James: Joshua Rashaad McFadden / Stringer/ Getty Images; Trump: Drew Angerer/ Getty Images; Court: Stephen Lovekin/ Getty Images

The Trump Organization's fraudulent statements of financial condition may have cost banks more than $168 million in interest, which they could have made had they known the former president's true wealth, an expert hired by the New York attorney general's office testified on Wednesday.

Before the civil trial began, Manhattan Supreme Court Justice Arthur Engoron in late September found Donald Trump liable on the top count of fraud. The judge's ruling ordered the dissolution of any entity belonging to the former president, his sons Eric and Donald Trump Jr., and business associates...

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