Trump's Fraud Trial: Experts Clash and Witnesses Under Fire

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Source: Business Insider
Trump's Fraud Trial: Experts Clash and Witnesses Under Fire
Photo: Business Insider
TL;DR Summary

An expert accountant testifying in Donald Trump's civil fraud trial in New York described "questionable" and "glaring" issues with Trump's net-worth statements, despite being called as a defense witness. The accountant identified red flags, including discrepancies and inconsistencies, in Trump's estimates of his net worth. The expert also stated that such red flags are common in the process of drafting net-worth statements. The New York Attorney General has alleged that Trump fraudulently exaggerated his net worth by billions of dollars annually. The defense has attempted to shift blame onto the outside accountant, while the attorney general seeks a verdict to permanently ban Trump and his sons from running a business in New York and financial penalties of at least $250 million.

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