Trump fraud trial live updates: Ivanka testifies at New York court - BBC News

girlfreddy OP , 8 months ago

Lou Solomon of the attorney general’s office is now showing a 2011 document with proposed terms of a loan from Deutsche Bank for the Doral golf course project in Florida.

The Trumps were seeking a personal wealth management loan, which comes with more favourable rates than commercial real estate loans.

The document states that Donald Trump is the guarantor for the proposed loan, and and that he had to maintain a minimum net worth.

Prosecutors then show an email from Ivanka Trump to then-Trump Organization CFO Allen Weisselberg and others about the loan rates.

She wrote: “It doesn’t get better than this”.

Ivanka tells the court that she did not specifically recall writing or sending that email.

Under questioning, she also said she didn’t recall the proposal, or whether she thought it was good.

girlfreddy OP , 8 months ago

We’re still going over the terms of the Deutsche Bank loan to the Trumps for their Doral golf course and the emails that went back and forth at the Trump Organization about it.

The bank had proposed a covenant that required Donald Trump to maintain a minimum net worth of $3bn (£2.4bn) to get the loan.

Prosecutors are showing emails from within the Trump Organization, that Ivanka Trump was involved in, discussing what net worth terms they could accept.

One Trump Organization lawyer voiced a concern that the $3bn number was a “problem”.

The prosecution’s Lou Solomon asks whether Ivanka was aware that Trump’s 2011 statements of financial condition said he was worth $4bn.

She responds, no.

The Trump Organization ultimately proposed a $2bn net worth covenant; the final loan turned out to hold Donald Trump to $2.5bn.

girlfreddy OP , 8 months ago

To those who were following this, my sincere apologies for missing the afternoon session.

The instance I’m on decided to mess up for quite a while leaving me unable to open this toot or post any updates.

disheveledWallaby , 8 months ago

That’s alright. Technical glitches happen. Your the real MVP for doing such a great job providing a great play by play in the first place. It is appreciated.