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Trump is responsibleEngoron gave a succinct explanation for how he concluded that Trump was personally liable. “Each and every [statement of financial condition] was issued on behalf of ‘Donald J. Trump.’” There is much more evidence connecting Trump to the fraud, though. Year after year, on page after page, the documents sent to lenders repeated a line that followed the same rough formula: “The estimated value of” whatever number “is based on an evaluation by Mr. Trump in conjunction with his associates and outside professionals.”Trump also signed his name to certify the accuracy of the financial statements. In addition, he personally touted the puffed-up financial statements to lenders. “Hopefully you will be impressed!” he wrote to the CEO of Deutsche Bank Securities in 2011.On top of to the paper trail, Trump’s own words confirm his involvement. Trump admitted in a 2007 deposition that he looked over the statements with his former chief financial officer. He also said that he kept a copy on his desk.
Trump is responsible
Engoron gave a succinct explanation for how he concluded that Trump was personally liable. “Each and every [statement of financial condition] was issued on behalf of ‘Donald J. Trump.’” There is much more evidence connecting Trump to the fraud, though. Year after year, on page after page, the documents sent to lenders repeated a line that followed the same rough formula: “The estimated value of” whatever number “is based on an evaluation by Mr. Trump in conjunction with his associates and outside professionals.”
Trump also signed his name to certify the accuracy of the financial statements. In addition, he personally touted the puffed-up financial statements to lenders. “Hopefully you will be impressed!” he wrote to the CEO of Deutsche Bank Securities in 2011.
On top of to the paper trail, Trump’s own words confirm his involvement. Trump admitted in a 2007 deposition that he looked over the statements with his former chief financial officer. He also said that he kept a copy on his desk.
