Post AbPYRckm2Qh7GP2OWW by GottaLaff@mastodon.social
(DIR) More posts by GottaLaff@mastodon.social
(DIR) Post #AbPYR0ZnylLErNc69Q by GottaLaff@mastodon.social
2023-11-02T13:36:14Z
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As always, I’ll be juggling coverage of Shouty McCokeFace’s testimony from mult sources; if you @ me w a ques, I won’t be able to reply, so please make sure to say “Not for you, Laffy” or, “For others to answer” or something. TY!THREAD 🧵will start here 1/…Via Klasfeld:…from #NewYork.#DonaldTrumpJr’s 2nd day of testimony will begin later this morning. On the 1st, he tried to shift focus to his accountants—& the AG's counsel shed light on his father's trust.#Trump #legal #DonJr
(DIR) Post #AbPYR1by8CfO4NdLA8 by GottaLaff@mastodon.social
2023-11-02T14:04:05Z
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2/ Proceedings about to begin. They’re allowing photographers to take pics now.FYI: It’s only 7 am here in Calif. You’ll see a gap when I take off to do what I gotta do, but I will catch you up on every entry when I get back.
(DIR) Post #AbPYR2YScjSEzn03Ki by GottaLaff@mastodon.social
2023-11-02T14:05:51Z
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3/ Klasfeld:Don Jr.'s testimony resumes:NYAG's counsel Colleen Faherty asks whether he discussed his testimony yesterday with anyone.He didn't, he says. (Me: 😂🙄)
(DIR) Post #AbPYR3Itq4bLJoj8iW by GottaLaff@mastodon.social
2023-11-02T14:22:38Z
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4/ Klasfeld:Don Jr. is shown an email with the subject line "URGENT Factchecking Inquiry from Forbes," dated March 3, 2017.Don Jr.'s response to the magazine's detailed questions: “Insane amount of stuff there.”(Note: That's what Don Jr. **wrote** in the email chain, not what he said on the stand.)Indeed, the Forbes press inquiry that evoked that response from Don Jr. was... detailed.Don Jr.:"Again, for purposes of accounting, I relied upon the accountants."👈🏼🙄
(DIR) Post #AbPYR4ioZCvPiTrLkW by GottaLaff@mastodon.social
2023-11-02T14:22:53Z
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5/ Klasfeld:Don Jr. is shown a loan document from Deutsche Bank Trust Company Americas dated March 13, 2017.He signed the document as "attorney in fact" for his father.
(DIR) Post #AbPYR5YvRSboK6ExyS by GottaLaff@mastodon.social
2023-11-02T14:38:13Z
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6/ Klasfeld:The document had him attest:“The foregoing presents fairly in all material respects the financial condition of Guarantor at the period presented.” Don Jr. testifies that he doesn't recall this specific document, but signing certifications like this generally."I'm sure I've signed dozens of these [certifications] in my time as trustee," he said.[Me: Sound familiar? Daddy Trump: I’m sure I’ve taken photos with thousands of people. I have no idea who this is.]
(DIR) Post #AbPYR6QSERQX07HiPQ by GottaLaff@mastodon.social
2023-11-02T14:39:43Z
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7/ Klasfeld:Don Jr shown father's statement of financial condition for June 30, 2017.It notes the trustees were responsible for report at the time. Don Jr. became a trustee that year, the 1st of his father's presidency.NYAG's counsel repeats series of q’s about Don Jr.'s involvement in the statements of financial condition for the other years of his father's presidency. Don Jr. remained a trustee for 2018, 2019, and 2020."Rinse and repeat," Don Jr. responds, w a chuckle. [Me: Asshole]
(DIR) Post #AbPYR7Gv5NOVcppcBc by GottaLaff@mastodon.social
2023-11-02T14:43:13Z
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8/ Klasfeld:Donny shown another certification to Deutsche Bank that he signed on Oct. 31 2017. It also attached a statement of financial condition.Q: You signed certification intending that the bank would rely on it.A: I would be fine w them relying on it.
(DIR) Post #AbPYR8DlYaSwZLMbuS by GottaLaff@mastodon.social
2023-11-02T14:43:52Z
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9/ Klasfeld:NYAG repeats Q, Don Jr. dances around the question of his intent, even after pressed by Justice Engoron."It's not as simple as 'yes or no.'" [Emptywheel notes:👆 A remarkably similar answer to the one Michael Cohen gave. Will Trump demand a directed verdict again?]Don Jr. said that he assumed banks would perform their own due diligence.
(DIR) Post #AbPYR960IvqpHYjvRw by GottaLaff@mastodon.social
2023-11-02T14:45:07Z
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10/ Klasfeld:NYAG's counsel Colleen Faherty continues to systematically confront Don Jr. with his signed certifications to banks and representations on statements of financial condition. Trump Jr., in turn, continues to emphasize the advice of his lawyers and accountants. 🙄
(DIR) Post #AbPYR9vlCVFds4xG7c by GottaLaff@mastodon.social
2023-11-02T15:14:58Z
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11/ Klasfeld:Faherty moves on from Jr.'s representations to Deutsche Bank to others he made to acct firm Whitley PennNYAG shows Jr. his signature on an agreement to sell the Trump Ferry Point golf club in The Bronx. He signed as president of Trump Ferry Point LLC.Donald TrumpThis line of q sparked objections from defense bc the deal took place this yr, well after filing of lawsuitEngoron allows it, after Faherty argues fraudulent statements about the property were backdrop of the sale
(DIR) Post #AbPYRAnHzU4MY600Ya by GottaLaff@mastodon.social
2023-11-02T15:35:24Z
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12/ I'm back at my computer now, not just my phone, so now I can include Lisa Rubin's extensive reporting. First, Klasfeld:Engoron questioned Don Jr. directly:Q: Mr. Trump, did you have anything to do with the statements of financial condition?A: No, I did not, your honor.
(DIR) Post #AbPYRBe6p6JvBuiBt2 by GottaLaff@mastodon.social
2023-11-02T15:36:47Z
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13/ Rubin:He has no specific recollection, he testifies, of signing an indemnity to Zurich Insurance in or around 2017. He recognizes his signature, however.“Between 2011 and present, you have been generally apprised of the operating revenue of the organization?” He agrees, generally yes.
(DIR) Post #AbPYRCT9lJ9ZkEaxSC by GottaLaff@mastodon.social
2023-11-02T15:37:07Z
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14/ Rubin:She then shows him a “corporate modified cash flow projections vs. actual” memo from Weisselberg to him and Eric for 2017.The adjusted net cash flow for 2017 was only $2.2 million despite a projected figure much higher.He does not recall whether he requested that Weisselberg prepare his document but confirmed that he and his siblings regularly got these updates.
(DIR) Post #AbPYRDDwxKaG5MUKOG by GottaLaff@mastodon.social
2023-11-02T15:38:05Z
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15/ Rubin:Faherty is trying to understand if the Trump Org had made changes occasioned by their investigation. Following a back-and-forth about what questions are and are not appropriate, she is asking why Mark Hawthorne, who Jr. described as a CPA, is now CFO.
(DIR) Post #AbPYRE4lmwpojBCVii by GottaLaff@mastodon.social
2023-11-02T15:40:20Z
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16/ Rubin:He says because Weisselberg left. And despite the build-up, she is done, and the defense has no cross. Don Jr. just left the courtroom, followed by all his lawyers, for a five-minute break in the action.👉🏼ERIC IS UP NEXT!👈🏼
(DIR) Post #AbPYRF7Hv4RXxHO2Hg by GottaLaff@mastodon.social
2023-11-02T15:47:26Z
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17/ Engoron has a great sense of humor, but takes no crap from anyone.Klasfeld:Eric Trump enters the courtroom and sits at the defense table.Engoron quips: "Does everyone have their make-up on?"(Don Jr. joked that he should have worn make-up when the photographers and videographers came in yesterday, as they're doing again now.)NYAG's counsel Andrew Amer calls the witness to the stand.Eric Trump is sworn in.
(DIR) Post #AbPYRFzse670gavdNQ by GottaLaff@mastodon.social
2023-11-02T15:56:07Z
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18/ Rubin's take:Don Jr. is off the stand, having engaged in a mostly pleasant and dull back and forth with the AG’s office that was no less damning. And now, we await his taller, younger co-defendant and brother, Eric, who just strode in.
(DIR) Post #AbPYRGrlPlDJNi8fMe by GottaLaff@mastodon.social
2023-11-02T15:57:02Z
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19/ Rubin:Andrew Amer of the AG’s office is now examining Eric, but before he started, he asked that any lengthy disputes about evidence should happen outside the witness’s earshot and that Eric should be excused if that happened.Eric is, as expected, softer-spoken and has to be prodded by Engoron to speak into the mike. He affirms he reported to his father between 2014, when he became an EVP, and January 2017 and confirms he did not report to anyone else.
(DIR) Post #AbPYRHmpzYrqEiqFKC by GottaLaff@mastodon.social
2023-11-02T15:58:00Z
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20/ Rubin:Weisselberg was at the same level as the three Trump children during his period, Eric confirms, and McConney was “directly under Mr. Weisselberg.”Klasfeld:Eric Trump denies involvement in the statements of financial condition:"That is incorrect. I never had anything to do with the statements of financial condition."That line of q came up when NYAG counsel Andrew Amer confronted him w this notation on a data supporting spreadsheet for the 2013 statement of financial condition.
(DIR) Post #AbPYRIe0nrOytdiiCu by GottaLaff@mastodon.social
2023-11-02T16:00:12Z
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21/ Rubin:But between Jan. 2017 and Jan. 2021, fair to say you ran the day-to-day operations of the Trump Org., alongside Weisselberg and Jr.? Yes, Eric says.Eric did not report to anyone during this period, he testifies. And his father relied on him and the two trustees — Weisselberg and his brother — to run the business, although he took directions from his dad if and when they were given.
(DIR) Post #AbPYRJLyAQZ15yHoiu by GottaLaff@mastodon.social
2023-11-02T16:01:08Z
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22/ Rubin:LOL I bet >>“Some of the best years of my life,” Eric says of his living on the Seven Springs property, for which he later had responsibility beginning in 2012.Eric too says, “I never had anything to do with the statement of financial condition … People asked me questions all the time, but I never worked on the statement of financial condition.”
(DIR) Post #AbPYRKFcpV5DsaKGTQ by GottaLaff@mastodon.social
2023-11-02T16:01:45Z
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23/ Rubin:Asked whether he even understood his dad *had* a statement of financial condition as of 2012, Eric says, “Not that I recall.” He clarifies, “I don’t know what I knew at the time.”(This matters because in his supporting data worksheets underlying the statements of financial condition, McConney cited phone conversations with Eric in 2012 and 2013 as the basis for the valuation of Seven Springs.)
(DIR) Post #AbPYRKzi49wkBVt4Iy by GottaLaff@mastodon.social
2023-11-02T16:03:45Z
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24/ [btw, I bracket my own comments like this, & usually start w/ "Me:..." to differentiate. Or I >> at a quote. Emojis are mine.] Rubin:Amer moves on to discuss Trump’s Charlotte, NC golf club, which was acquired in 2012. A board member of that club shared with Eric in Jan. 2012 a letter sent to club members on the prior day about the potential purchase of that club by the Trump Org.
(DIR) Post #AbPYRNR4zN1nkyhxFA by GottaLaff@mastodon.social
2023-11-02T16:04:50Z
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25/ Rubin:Eric recalls club members had to approve the sale by a vote & were told their options included the sale of club assets to the Trump Org. That letter also states “Trump drafted a few and approved all statements related to that offer.”Eric remembers being a key negotiator of that deal but does not recall whether he was involved in drafting or reviewing the statements made as part of the offer. He says, “It would depend on the statements.”[Me: Drinking game yet on "I don't recall"?]
(DIR) Post #AbPYROIFnfYwPtaQ7s by GottaLaff@mastodon.social
2023-11-02T16:13:41Z
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26/ Rubin:(The import of this line of questioning is not readily apparent to me, given that the transaction took place in 2012, but my guess is that it is designed to show Eric’s awareness and access to representations about his net worth dating back to well before the statute of limitations kick in.”)
(DIR) Post #AbPYRPAUY0wp86xjfM by GottaLaff@mastodon.social
2023-11-02T16:14:24Z
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27/ Rubin:Amer shows Eric a summary of the due diligence done by the club members about Trump’s financial condition. Eric says he can’t confirm language referring to a “financial statement prepared by a CPA firm reflecting Donald Trump’s net worth” is about the statements of financial condition.That summary further states “the cash and cash equivalents was in the hundreds of millions. The assets in the billion of dollars were more than 10 times the liabilities on the financial statement.”
(DIR) Post #AbPYRPwhelVpXdWEoS by GottaLaff@mastodon.social
2023-11-02T16:14:55Z
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28/ Rubin:[Me: DRINK!] Eric does not recall whether he helped arrange for that member to review Trump’s statement of financial condition. Amer now shows him an email from the member to Eric and Weisselberg reflecting his travel to the Trump Org. to review that information.
(DIR) Post #AbPYRR1Leyp2sKhSgy by GottaLaff@mastodon.social
2023-11-02T16:16:48Z
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29/ Rubin:Eric still does not recall the meeting, but doesn’t dispute it happened. Eric also told Weisselberg in a Feb. 2012 email that the deal was “on the one yard line.” Eric confirms he wanted to get it done.
(DIR) Post #AbPYRRochmEnL9koUq by GottaLaff@mastodon.social
2023-11-02T16:20:24Z
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30/ Klasfeld hasn't posted for awhile. I may just stick with Lisa Rubin. She's so thorough. If Klasfeld adds anything, I'll post.Reminder: Emojis mine.Rubin:Now Amer moves on to further emails between that member, Weisselberg and Eric about the member’s due diligence as to Trump’s financial condition. Eric’s response to the member reflects — 👉🏼despite his lack of recollection now 👈🏼— that he reviewed the due diligence summary.
(DIR) Post #AbPYRSZlsTx3hNoSzA by GottaLaff@mastodon.social
2023-11-02T16:22:05Z
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31/ ["Pique."] Eric’s response shows some pique: They showed him the financials in person because of their sensitivity and that he was “bound by confidentiality.”Eric asks in the email for the member’s assurance that the due diligence summary will not be distributed and that he would limit communications to assuring members that Trump had the financial wherewithal to make the purchase.
(DIR) Post #AbPYRTZSB9I8mgfj84 by GottaLaff@mastodon.social
2023-11-02T16:24:15Z
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32/ Rubin:Eric confirms they would want to keep them confidential, “no different than any other private company in the world.” He says he wouldn’t have wanted 1200 people to have access to the financials.Amer is asking Eric whether by 2012, he was aware that the Trump Org was using the statements of financial condition to demonstrate the company’s financial wherewithal to a third party,Eric is steadfast: The member met with Weisselberg; “that’s not what I did at the company.”
(DIR) Post #AbPYRUY4XlmToh28cC by GottaLaff@mastodon.social
2023-11-02T16:26:19Z
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33/ Klasfeld is back. Some redundancy here bc I'm sharing multi reports:Eric Trump is shown an email chain about the purchase of North Carolina golf club.Allen Weisselberg asked Eric Trump on Feb. 12, 2012:“Before I respond I want to make sure you and your dad are still going forward with this deal. Your dad did not sound very upbeat about the deal. He spoke about how little we would make and that he did not see himself going to NC etc.”
(DIR) Post #AbPYRVM3XvlOJiQ3Wa by GottaLaff@mastodon.social
2023-11-02T16:26:31Z
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34/ Klasfeld:Eric Trump replied to Weisselberg the next day that the deal was still on track to move ahead:“We have bigger fish to fry but we have it on the one yard line.”
(DIR) Post #AbPYRW9gZPSinddgsi by GottaLaff@mastodon.social
2023-11-02T16:27:46Z
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35/ Klasfeld:Another email exchange from Feb. 15, 2012, bw Eric & Philip Delk, who was performing due diligence for the North Car club.Eric reminded Delk that his inspection of the company's financials was "bound by confidentiality."In the email, Eric Trump told Delk the company "without question" had the "financial wherewithal to purchase, renovate and operate this asset." "I trust you understand and would appreciate you giving me your reassurance that this will not be distributed.”
(DIR) Post #AbPYRXBUkAVHzXUeLA by GottaLaff@mastodon.social
2023-11-02T16:29:14Z
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36/ Back to Rubin:👉🏼Amer is incredulous. You had no idea you had no financials the member was looking at as part of his due diligence? That’s your testimony? Eric says yes, he knew he was looking at “financials” but he did not understand what specifically he was looking at.👈🏼“Can we at least agree that by 2012, you were aware the company had personal financials to demonstrate to third parties that the company had the financial wherewithal?”
(DIR) Post #AbPYRXsOAgoa8ZYuCO by GottaLaff@mastodon.social
2023-11-02T16:30:14Z
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37/ Rubin:And Eric’s answer amounts to a no: “I was not aware of the statements of financial condition, I did not work on the statements of financial condition. I have been very clear about that.”Amer asks whether it’s true that McConney specifically represented to Eric that he needed information about the value of Seven Springs for his dad’s statements of financial condition. 👉🏼Eric says no. But here comes the email proof.👈🏼
(DIR) Post #AbPYRYg1CAVucUmXYW by GottaLaff@mastodon.social
2023-11-02T16:31:33Z
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38/ 😏 #WompWomp Rubin:McConney told Eric expressly in 8/20/13 email, in connection w a call between them reflected in the work papers, that he needed assistance w valuing 7 Springs for his father’s statement of financial condition. And McConney attached an excerpt from his supporting data spreadsheet.So Eric now admits that by Aug 2013, he had seen portions of work papers underlying the statement of finan condition & he mustv been aware of existence of the statements of final condition.
(DIR) Post #AbPYRZZJsYkXO0ehkm by GottaLaff@mastodon.social
2023-11-02T16:35:09Z
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39/ [LOL. Eric's floundering]Rubin:Looking at spreadsheet, Eric testifies he easily cd have given McConney the facts abt which portions of the parcels are to be developed/used but says the value seems to have been determined the prior year, prior to his involvement in the project.Klasfeld's take next.
(DIR) Post #AbPYRaOinRrlxQhksC by GottaLaff@mastodon.social
2023-11-02T16:37:59Z
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40/ 🤭 Klasfeld:Earlier, Eric flatly denied having "anything to do w" his dad's statements of financial condition.Amer confronts him with then-Trump Org controller Jeff McConney's Aug. 20, 2013 email to him.“I’m working on your Dads annual financial statement."
(DIR) Post #AbPYRbDljehQVkaWRM by GottaLaff@mastodon.social
2023-11-02T16:39:48Z
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41/ Rubin:“I think it’s established that this predated me…At least that’s not I’m reading this.” Amer explains he just wants to know whether the detail about the 7 mansions was within his knowledge at that time. Eric says yes.Amer goes back to the email: McConney tells you that he needed your help in *valuing* Seven Springs. It’s a fact, isn’t it, you knew your father’s statement of financial condition was provided to a bank well before then, in Feb. 2012? “Not to my recollection.”[DRINK!]
(DIR) Post #AbPYRbuJBUj8dgUUkK by GottaLaff@mastodon.social
2023-11-02T16:45:08Z
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42/ [Loving the old "Oh yeah? Well here's the email, Dimwit McTrumpKlan!"]Rubin:Amer then takes out a 2012 email between an employee of First National Bank of Long Island and Weisselberg that the latter forwards to Eric, along with an attached confidentiality agreement.“The chance of my reading a confidentiality agreement that I didn’t execute is close to zero,” Eric states, 👉🏼even though he admits he received it and it references Donald Trump’s statement of financial condition.👈🏼
(DIR) Post #AbPYRckm2Qh7GP2OWW by GottaLaff@mastodon.social
2023-11-02T16:52:30Z
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43/ [Eric's always been... cracked]Rubin:Eric finally cracks a little, raising his voice in saying, “We are a major corporation. Of course we had financial statements!”👉🏼And finally, Amer gets the admission he wants: that at least by the time of his 2013 communications with McConney, Eric understood that his father had statements of financial condition with which his help was needed.👈🏼 #WompWomp
(DIR) Post #AbPYRdXL7rXhh1lBDs by GottaLaff@mastodon.social
2023-11-02T17:10:19Z
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44/ Lunch break.
(DIR) Post #AbPYReJuDIOI7eTxvE by GottaLaff@mastodon.social
2023-11-02T18:28:03Z
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45/ LOL, you love to see it.Rubin:Eric Trump is back on the stand at the New York Attorney General’s civil fraud trial, and👉🏼 his temper is flaring👈🏼, saying where he thinks “we’re getting tripped up” is that he did not register that the questions McConney was asking were for statements of financial condition.Amer insists on a yes or no question; 👉 Eric concedes it appears he knew he was being asked for assistance with his father’s annual financial statements.👈
(DIR) Post #AbPYRf9f6rn6iAhIau by GottaLaff@mastodon.social
2023-11-02T18:29:15Z
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46/ Rubin:Later in Apr. 2013, Weisselberg tells Eric in an email that Amer shows him that he wants to delay paying off a loan in connection with Seven Springs 👉🏼to keep the cash balance in his dad’s financial statements were as high as possible.Eric admits that he understood as of the date of that email that the statements were prepared as of 6/30 of each year and that it had a cash balance component.
(DIR) Post #AbPYRg4jgfRdZBOsYS by GottaLaff@mastodon.social
2023-11-02T18:30:39Z
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47/ Rubin:Amer persists, “You understood as of the date of this email that your father had an annual financial statement that included liquidity as well as his overall net worth?” 👉🏼Eric: Yes. 👈🏼Now, they are looking at a July 2013 email exchange between Weisselberg and Eric about the Trump Las Vegas project. In it, Weisselberg told Eric that his dad’s financial statement was needed to secure a line of credit; Eric replied they would not need a line of credit and emphasizes this now.
(DIR) Post #AbPYRh57whLsggahns by GottaLaff@mastodon.social
2023-11-02T18:31:22Z
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48/ Rubin:>>“You read it, right?” Eric acknowledges he did and that by reading it, he would have understood that the Trump Org. was contemplating giving a bank Trump’s statement of financial condition.Amer moves on to a 2013 email between McConney and Eric in which McConney asks for input on the footnotes of statement of financial condition. Eric says yes, maintaining that it would have been information about two golf properties he was working on.
(DIR) Post #AbPYRhoVDzeExPowWu by GottaLaff@mastodon.social
2023-11-02T18:32:17Z
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49/ Eric's being Tish'd.Rubin:Amer is asking whether he understood, based on the email, that McConney sent him a portion of his dad’s statements of financial condition.Eric won’t give that and just says he understood his input was being solicited before finally admitting he understood McConney attached a portion of his dad’s draft financial statement.
(DIR) Post #AbPYRigNzekXeX1yW8 by GottaLaff@mastodon.social
2023-11-02T18:32:59Z
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50/ Rubin:>>Now Amer is showing Eric video excerpts from his deposition, where he says he does not recall ever seeing or working on statements of financial condition before this case arose. (Amer is not shown, but it appears he took the deposition as well.)“To the best of my knowledge, it’s not something I saw… it’s just not in the purview of what I do.”
(DIR) Post #AbPYRjXumdZGKY4ix6 by GottaLaff@mastodon.social
2023-11-02T18:40:02Z
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51/ Dimwit McTrumpKlan is struggling. Real shame. Being on the losing side hurts. 🎻Rubin:Eric also disclaimed providing information for use in the statements of financial condition—and he disclaimed that eight ways from Sunday.Amer: Will you now concede that you were well aware of your dad’s statements of financial condition by the time of those emails?“No, I was not very familiar with my father’s statement of financial condition.”
(DIR) Post #AbPYRkP5aw6OzSxBpo by GottaLaff@mastodon.social
2023-11-02T18:42:01Z
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52/ Rubin:But he does admit — in contrast to his sworn deposition testimony — that he knew as of August 2013 that McConney was soliciting information from him for use in the statements of financial condition.Amer: Will you now agree that you knew about the backup for the statements of financial condition? Eric tries to provide some caveats around the admission,👉🏼 but says yes.
(DIR) Post #AbPYRl8SsEOlGCBQYq by GottaLaff@mastodon.social
2023-11-02T18:43:41Z
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53/ Rubin:At his deposition, Eric testified that he never had an understanding when speaking to McConney that he was seeking information for the statements of financial condition. 💡Eric now testifies that it did not register with him then, but it now appears that he did know.💡Amer objects to the speechifying. Engoron agrees. Amer tells Eric, “Your lawyers will have an opportunity to question you. They might not take it, but they’ll have it.”
(DIR) Post #AbPYRlx9pkwpnPtuZk by GottaLaff@mastodon.social
2023-11-02T18:48:57Z
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54/ Rubin:Now we’re talking about the conservation easement donation on the Seven Springs property, in which Eric played a key role.Amer is now trying to establish that that donation was contemplated for some time, showing Eric a 2012 letter through which a law firm retained an appraiser’s services in connection with discussions about an easement.(The law firm involved was where Trump outside tax lawyer Sherri Dillon was then practicing.)
(DIR) Post #AbPYRmnyfNCOREc5uC by GottaLaff@mastodon.social
2023-11-02T18:51:57Z
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55/ Couldn't resist this from Dan Alexander:Donald Trump, their father, has not showed here to watch his sons testify so far. Eric Trump is back on the stand after lunch, and this is getting ugly. The AG's office is juxtaposing a series of documents with what Eric said during his sworn deposition and what is saying now. There seems to be contradiction after contradiction.
(DIR) Post #AbPYRnaXko2yrrKsbY by GottaLaff@mastodon.social
2023-11-02T18:59:02Z
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56/ Rubin:Amer is now trying to get into an email between Dillon’s colleague, another lawyer representing Trump the elder, and the appraiser. Trump’s side objects on hearsay grounds; Amer is ready with the rule that permits the admission of conversations between and among a party’s agent.Notwithstanding the appraiser’s view of the value per lot at Seven Springs, the spreadsheet prepared months later does not appear reflect any of the information obtained from the appraiser.
(DIR) Post #AbPYRoKyy9C5Bt3xzM by GottaLaff@mastodon.social
2023-11-02T18:59:13Z
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57/ Rubin:Do you recognize any of these figures as coming from the appraiser, Amer asks? I don’t recognize any of these figures, so no, Eric says.
(DIR) Post #AbPYRpGPWd8C3zvpVA by GottaLaff@mastodon.social
2023-11-02T19:01:13Z
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58/ Rubin:We are now, at long last, talking about Trump’s securing appraisal services from David McArdle of Cushman & Wakefield. Eric insists Sherri Dillon was closer to this process, 👉🏼another indicator of their “blame the (now-fired/resigned) experts” strategy.👈🏼
(DIR) Post #AbPYRqDxxCln2hnOKW by GottaLaff@mastodon.social
2023-11-02T19:19:58Z
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59/ 🦈::Cue: Jaws Theme::🦈Rubin:But Amer is building up to a critical point about Eric’s intent: Eric worked with a professional appraiser to value the donation of the conservation easement at Seven Springs and even signed the engagement letter.But that appraiser was terminated months later, as reflected in an email shown to Eric, and then reengaged the next year, according to Amer.
(DIR) Post #AbPYRr6ChY9fkvAhs0 by IdahoLark@syringa.social
2023-11-02T23:23:40Z
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@GottaLaff i freakin’ love all of your comments before sharing Rubin’s posts. Thank you for your threads.
(DIR) Post #AbPYRtGYe1cqTc20Ho by GottaLaff@mastodon.social
2023-11-02T19:23:03Z
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60/ Rubin:Eric affirms that in 2015, he directed Sherri Dillon to get that appraisal finalized so they could complete the donation by the end of the year. >>I suspect Amer will ultimately force an admission that the resulting appraisal was discarded and/or discounted by the Trump Org., and concealed from Mazars and others in order to inflate Trump’s net worth.
(DIR) Post #AbPYRvYi7VKnaUXWrI by GottaLaff@mastodon.social
2023-11-02T19:25:04Z
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61/ Lol at Ross/Rachel reference.Rubin:But now, we are on a break, as Ross and Rachel might have said. So stay tuned.
(DIR) Post #AbPYS0d9GQr5JhedyC by GottaLaff@mastodon.social
2023-11-02T19:49:47Z
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62/ Klasfeld:We're back.Eric Trump is being questioned about the appraisal of the 71 units at the Trump National Golf Club, in Westchester, New York.
(DIR) Post #AbPYS3mTYD6B5V2dQO by GottaLaff@mastodon.social
2023-11-02T19:51:19Z
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63/ Rubin:We’re in last stretch of Trump trial testimony for today w Eric still on stand about appraisal of another property: Trump Briarcliff, where the org was planning to build 70-something residential units.As with most of what we’ve seen today, this occurred before the statute of limitations started to run—but to the extent the related valuations are incorporated in statements of financial condition for years to come, they are relevant to the AG’s remaining claims as well as relief.
(DIR) Post #AbPYS7lYjYk5RodxYG by GottaLaff@mastodon.social
2023-11-02T19:52:38Z
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64/ Rubin:Amer just shows Eric an email where the appraiser says, per a conversation with Eric, that he intends to perform a discounted cash flow analysis to reflect the expected income from the as-yet unbuilt units. Eric says he didn’t understand what method would be used.(Spoiler: The ultimate valuation did not, in fact, discount that projected income but valued the units as if the income could be realized immediately and without any deduction for costs of building, marketing, etc.)
(DIR) Post #AbPYS9o791yTmJr1oO by GottaLaff@mastodon.social
2023-11-02T19:54:13Z
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65/ Rubin:Appraiser tells Eric over email he’ll be doing a discounted cash flow analysis & looks fwd to receiving comparable sales figures, which Eric then receives from Trump International Realty staff and forwards to the appraiser. Eric disputes none of this.By September 2013, the appraiser writes to Eric and says he’s ready to share his valuation conclusions. 👉🏼Eric doesn’t recall whether any call happened nor does he have any recollection “of this whole subject,” he testifies.👈🏼 [Drink!]
(DIR) Post #AbPYSBtrMdl6GiYe2q by GottaLaff@mastodon.social
2023-11-02T19:55:25Z
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66/ Rubin:The appraiser later says he’s holding off on sending a written appraisal per his conversation with Sherri Dillon. Hmmmm.At the time, the appraiser told Dillon the “more supportable value” was $45 million and that Dillon indicated Eric learned that and was pleased. 👉 Eric again has zero recollection of this. [Drink!.. Hic!]
(DIR) Post #AbPYSK0BF1ZHOdZo0W by GottaLaff@mastodon.social
2023-11-02T19:57:47Z
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67/ Poor Schmucky McNoBrain keeps getting busted.Rubin:He doesn’t remember whether it was his decision to hold off on the written appraisal. But Amer shows him the supporting worksheet for the statement of financial condition reflecting that the value of the sell-out was based on comps, as learned from a conversation with Eric.
(DIR) Post #AbPYSM2jeUnfj8msGe by GottaLaff@mastodon.social
2023-11-02T20:01:45Z
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68/ We're now at the pathetic liar Schmucky McNoBrain saying "I'm the sponge and you're the glue, whatever you say bounces off me and sticks to you" part of our program. Or as I like to call it, Nuh-UH! YOU!!Rubin:Eric accuses Amer of conflating two very different topics: the conservation easement and the value of the unbuilt units.
(DIR) Post #AbPYSO6M00so6wUnBY by GottaLaff@mastodon.social
2023-11-02T20:04:13Z
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69/ Rubin:Amer is undeterred, telling Eric he sent the comps, the day before you talked to McConney, to McArdle for use in valuing the 71-unit conservation easement.He asks whether he told McArdle to hold off on sending written appraisal until *after* the statement of finan condition was issued. “No,” Eric said.And in the worksheets supporting the 2016 statement of financial condition, Eric confirms that he did likely tell McConney to leave the value as is because “nothing had changed.”
(DIR) Post #AbPYSPxZ5f2bsGOnlQ by GottaLaff@mastodon.social
2023-11-02T20:05:47Z
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70/ Best way to begin a toot in this thread: "Eric admits..."Rubin:Eric admits he knew as of November 2015 that the “more supportable value” was $45 million, according to the appraiser, David McArdle of Cushman & Wakefield.
(DIR) Post #AbPYSSLkCjZRHpj8jI by GottaLaff@mastodon.social
2023-11-02T20:06:56Z
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71/ "Did not refresh his recollection..." Say it with me: Drink!Rubin:At his deposition, which is now being played, he said he recognizes the name David McArdle “very vaguely” but that emails he saw — not to him — did not refresh his recollection that McArdle was the appraiser retained.
(DIR) Post #AbPYSUZdw1sQBWFGfg by GottaLaff@mastodon.social
2023-11-02T20:07:46Z
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72/ Rubin:That was “inconsistent with what his role was at the company” because he “had not been involved in appraisal work at the company,” Eric testified at that deposition. 👉🏼Will you concede that your testimony was incorrect?, Amer asked.
(DIR) Post #AbPYSWXwbJhqIpSwIi by GottaLaff@mastodon.social
2023-11-02T20:09:40Z
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73/ Rubin:“Certainly, I was aware of it,” but Eric maintains that testimony was true. “I really was not involved in the appraisal work; clearly, I made an introduction,” and was on a phone call. 👉🏼Kise is on his feet now, and Amer angrily asks that the witness be excused, so as not to influence his testimony.
(DIR) Post #AbPYSZN46Dmp3xOnGC by GottaLaff@mastodon.social
2023-11-02T20:10:43Z
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74/ Reminder: Emojis are from me, not Rubin.Rubin:Kise says Eric’s lack of a recollection doesn’t change anything, and this is repetitive, Kise insists. 😏Engoron is unmoved. “Let’s continue.”
(DIR) Post #AbPYSbuodhyKxDCm92 by GottaLaff@mastodon.social
2023-11-02T20:12:59Z
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75/ FailSon McOopsFace: I lied, perjured myself, crimed, and am a total disgrace, but only a teensy teensy bit, so no countsies!Rubin:Amer reminds him of the comps he sent, the emails with McArdle. “Do you stand by your testimony that you really weren’t involved in appraisal work?” “I was clearly involved, but to a really small point.”
(DIR) Post #AbPYSeYaomyj99pZQG by GottaLaff@mastodon.social
2023-11-02T20:14:51Z
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76/ Dufus McTrumpFail just referred to himself as an "operator."Rubin:Amer is unsatisfied and tries to obtain a clearer answer. Engoron disagrees: “It’s asked and answered.” Eric stands by his earlier testimony. Period.Will you concede that your testimony was incorrect that you don’t focus on appraisals between law firms and appraisers? “No. I don’t focus on appraisals. I am an operator.”
(DIR) Post #AbPYSirApeDaTwYSwK by GottaLaff@mastodon.social
2023-11-02T20:21:53Z
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77/ (my server is crashing... delays)Rubin:Will you concede you had significant back and forth with McArdle? No, Eric maintains.Were you on a video conference call in 2021 with Patrick Birney, Ray Flores and your brother to discuss the statements of financial condition? It’s possible, Eric admits, 👉🏼but he does not remember. 👈🏼Amer reads from Birney’s trial testimony to refresh Eric’s recollection.
(DIR) Post #AbPYSkunBAIirkGNrE by GottaLaff@mastodon.social
2023-11-02T20:22:45Z
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78/ Rubin:Is your memory now jogged? No, Eric says.Birney testified that the change in golf course valuation method was discussed with Don, Jr. and Eric at that 2021 meeting, something Birney characterized as a “significant change to the year before.” Amer tries again after reading that: Does that jog your recollection?No, but Eric confirms that he likes Patrick Birney very much and has no reason to doubt his testimony; he “could have been on that phone call.”
(DIR) Post #AbPYSnV1ZQTIshELbs by GottaLaff@mastodon.social
2023-11-02T20:23:59Z
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79/ Rubin:Birney testified the purpose of the call was to advise you and Don Jr. of the change in the methodology for valuing golf courses. “That seems possible, yes.” 👉🏼Man, Eric is working hard to not give an inch.Amer shows him the 2021 supporting data worksheet for the statements of financial condition, which reflects that a change was made on the basis of advice from Marcus Millichap, a golf course consulting company.
(DIR) Post #AbPYSrY0WHEbR6emoa by GottaLaff@mastodon.social
2023-11-02T20:25:17Z
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80/ Okay, drinking game is over. LieFace McCrimeFam got us all too drunk.👇🏼Rubin:“Does that trigger a recollection for you about being on a call where that change in methodology was discussed?” “It does not.”
(DIR) Post #AbPYStd2mWS3tJ1pwW by GottaLaff@mastodon.social
2023-11-02T20:26:25Z
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81/ Rubin:Amer points to a note indicating Marcus Millichap also advised them to value certain courses at 10x EBITDA. 👉🏼That too does not refresh Eric’s recollection about the call. 🍻
(DIR) Post #AbPYSxb41pFECK8JPc by GottaLaff@mastodon.social
2023-11-02T20:27:58Z
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82/ Rubin:Amer then asks if he understood at the time of the call about the 2021 conference call that the AG was already investigating. ⚡️It goes to his credibility, Amer said, if he cannot remember a meeting that happened after they knew they were under investigation.⚡️
(DIR) Post #AbPYT0aSuVY3TKsNOa by GottaLaff@mastodon.social
2023-11-02T20:31:18Z
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83/ Rubin:Robert and Kise are strenuously objecting, Kise on the ground that Alan Garten was on that call and therefore, Amer is trying to invade privilege.Kise refers to his principal law clerk, and now👀🔥 Engoron, while calm, is furious, noting that the obsession with his clerk seems misogynistic to him. Any further reference to my principal law clerk will result in my expanding the order to the attorneys, Engoron says.👀🔥
(DIR) Post #AbPYT2xw4DViqhs9Fw by GottaLaff@mastodon.social
2023-11-02T20:33:04Z
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84/ The word is shameless, despicable, slimy, Trump-like... not 'unbowed.'Rubin:Kise is unbowed: I have my own First Amendment rights and an obligation to zealously represent my client, especially when I feel as if I am fighting this case on two fronts. 😳Kise comments that he needs to make a record about the political background of the person sitting to the judge’s right.[Me: Trump's base is Kise's audience here, and of course, Trump. Utterly disgusting.]
(DIR) Post #AbPYT5Ob241cNyMT5c by GottaLaff@mastodon.social
2023-11-02T20:35:08Z
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85/ Rubin:Habba assures Engoron that the issue is not misogyny but that the law clerk’s behavior is inappropriate and that the judge’s positions appear to be whatever she tells him what they should be through notes. Habba continues by complaining that the examination is repetitive.
(DIR) Post #AbPYT7UhEM5otTEMsK by GottaLaff@mastodon.social
2023-11-02T20:36:51Z
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86/ 🔥Rubin:Engoron: “I have an absolute unfettered right to get advice from my principal law clerk. There is no First Amendment value to talking about her,” especially when making things up, if it compromises her safety.[Me: Seems to me they're itching to provoke Engoron into losing it.. he won't do that, he's a pro... to go for a mistrial or reversal. Engoron seems to be staying calm, per Rubin]
(DIR) Post #AbPYT9KqNxOsbUdWnQ by GottaLaff@mastodon.social
2023-11-02T20:41:14Z
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87/ Rubin:Amer finally gets a word in: I am allowed to put in evidence about an event that happened two years ago and explore the credibility of his claim that he doesn’t remember it. This witness’s testimony is great; this is not about my being unhappy with it. And finally, his investigative testimony is in the public record; there is no revealing anything that is not well documented.
(DIR) Post #AbPYTBHj8W5yePC4DQ by GottaLaff@mastodon.social
2023-11-02T20:43:19Z
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88/ Rubin:Kise goes back to his insistence that there is potential bias. 🔥👀Engoron literally pounds the table: “You are not entitled to my notes!”[Me: Kise doth protesteth too mucheth. "Some of my best friends are women/wives/girls!"🙄] Kise: “I am not a misogynist. I am happily married. I have a seventeen-year-old daughter.” 🎯>>>(Author’s [Rubin's] note: Having a wife or female child doesn’t automatically take misogyny off the table.)
(DIR) Post #AbPYTDXOlDordaXbv6 by GottaLaff@mastodon.social
2023-11-02T20:47:43Z
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89/ I'm gonna back up and share Klasfeld's reporting, for some clarity... it's kinda long.Klasfeld:Q: You consider Patrick Birney to be a solid guy?A: I like Patrick Birney very much.Q: And you considered Patrick Birney to be a solid guy?Eric Trump looks at and gestures to the judge, who notes that the witness previously answered the question.Amer's questioning turns to Eric Trump's growing awareness of the NYAG's investigation.
(DIR) Post #AbPYTFPJoEXpR6mBbU by GottaLaff@mastodon.social
2023-11-02T20:48:19Z
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90/ Klasfeld:Cliff Robert jumps up to object, accusing NYAG of trying to "sensationalize" the trial with Eric Trump's invocations of the Fifth Amendment.Amer concedes that was the direction he was going, and he says that it's relevant.Robert notes the subject matter is coming at the end of the day, when it could dominate the news cycle.Chris Kise joins in: "I don't know what else, other than sensationalizing is the issue. [...] Or just harassing the witness."
(DIR) Post #AbPYTHFSxpqt98BLWa by GottaLaff@mastodon.social
2023-11-02T20:49:06Z
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91/ Klasfeld:Engoron tears into Kise, after he refers to the clerk:"Do not refer to my staff again." [...]"She's a civil servant." "Sometimes I think there's a bit of misogyny in you referring to my female principal law clerk."Alina Habba defends Kise against allegations of misogyny:"I assure you that’s not the issue."He says he has to make a record if he sees potential bias.
(DIR) Post #AbPYTJ2QJIbihG5xTM by GottaLaff@mastodon.social
2023-11-02T20:50:10Z
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92/ Klasfeld:She claims the clerk's conduct has been inappropriate.Engoron pounds the table in asserting his right to protect his clerk. "It's not a security issue," Kise says.Kise says, "I'm not a misogynist," adding that he has a 17-year-old daughter.On that fiery note, trial is done for the day. WHEW! END OF THREAD.
(DIR) Post #AbQpLXhpmgIkFbJBtg by GottaLaff@mastodon.social
2023-11-03T14:08:11Z
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@IdahoLark Thank you for that. I always wonder…
(DIR) Post #AbQpTwMZzdrv2YN4bI by MerelyAHut@newsie.social
2023-11-03T14:09:49Z
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@IdahoLark @GottaLaff I do as well. Much gratitude to you for keeping us updated. Really appreciate your efforts.