Letitia James Trying to Nail Trump for ‘Losses No One Ever Suffered,’ Former Fed Prosecutor Says
Former federal prosecutor Andrew McCarthy argued that New York Attorney General Letitia James and Manhattan Supreme Court Justice Arthur Engoron are “inventing losses no one ever suffered” to try to “get Trump.”
This week, former President Donald Trump testified in the civil fraud case brought by James alleging that he and the Trump Organization inflated the values of his properties to secure more favorable loan terms.
James wants $250 million in penalties and a ban on Trump and his company doing business in New York.
Before testifying Monday, Trump told reporters that his company’s financial statements were “very conservative,” adding, “So therefore there’s no fraud.”
Further, the 45th president explained that his property valuations have a “big disclaimer clause” instructing would-be lenders to do their own due diligence to determine what they believe the assets are worth.
