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Highlights: Former President Donald Trump relied on a Forbes article to “prove” his net worth when placing a bid to buy the NFL’s Buffalo Bills – a decade-old business move that came under scrutiny during his New York civil fraud trial on Tuesday.

K. Don Cornwell of Morgan Stanley testified in court that Trump distributed printouts from Forbes regarding the highest-paid entertainers to affirm his financial standing to Buffalo Bills executives after claiming a net worth of over $8 billion in an offer letter. The former president refused to disclose financial statements to bankers involved in his $1 billion bid for the football team in 2014.

  • FuglyDuck@lemmy.worldEnglish
    14·
    1 年前

    Because submitting incomplete and false documentation to Forbes isn’t a crime and trying to use a Forbes article as evidence of your finances isn’t a crime (though it is pathetic, embarrassing, and dumb) but taking out that middle step and submitting incomplete and false documentation directly to a bank is fraud.

    pretty sure, that middle step is still bank fraud. Submitting information you know to be false is fraud. Doesn’t matter if there was an extra step or not. though the bank was pretty fucking stupid for accepting it- an that’s the crux of trump’s legal defense. (and his defense is hilariously bad.)