Trump Exec: Sweeping Financial Reports No Longer Prepared

Donald Trump's company no longer prepares the sweeping financial statements that New York state contends were full of deceptive numbers for years, an executive testified Monday at the former president's civil fraud trial.

Trump's 2014 to 2021 “statements of financial condition” are at the heart of state Attorney General Letitia James' lawsuit against him and his company and some of its key figures. The defendants deny wrongdoing, but James says they misled lenders and insurers by giving them financial statements that greatly inflated the value of Trump's assets and overall net worth.

Nowadays, the Trump Organization continues to prepare various audits and other financial reports specific to some of its components, but “there is no roll-up financial statement of the company," said Mark Hawthorn, the chief operating officer of the Trump Organization’s hotel arm.

He wasn't asked why the comprehensive reports were no longer prepared, but said they are “not required by any lender, currently, or any constituency.”

Comments

Post a Comment

Popular posts from this blog

Candace Owens is calling out Donald Trump — and she’s not wrong to do so.

Image
The U.S. Constitution protects the right to free speech, not selective speech.  Yet what we’re seeing in America right now is a troubling trend: voices critical of Israel are being silenced or vilified. Israel is a foreign nation, not the 51st U.S. state, but it's being treated as if it’s above reproach — as if criticism equals betrayal. Supporting the MAGA movement doesn’t mean blind allegiance to everything Trump says or does.  I voted for Trump because I believe in putting America first — our Constitution, our freedoms, our people. But that doesn’t mean I’ll choose loyalty to Trump over principles when the issue is clear. Whether Trump has been misinformed by Israeli intelligence or there’s more going on behind the scenes, something doesn’t sit right. And Candace Owens is raising questions that deserve answers. Watch the show and decide for yourselves. The Brutal Truth Copyright Disclaimer under Section 107 of the Copyright Act of 1976: Allowance is made for “fair use” for ...
Read more

The Tariffs Hurt. China is hurting.

Image
Wages owed since January. The people of China are behind on Rent and Bills. And that is just scratching the outside of the eggshell...  Deadly Riots in China: Chinese Workers Protest  Against Xi Jinping as Mass Unemployment Rises @carldilbone710 -- Now China is seeing what Americans went through when companies moved out for cheaper labor! Let's hope this is the straw that broke the ccp's back?!🤔 China has a long way to go to regain its honor and integrity with other countries... @jollygoodfellow3957 -- "In a land where justice is outlawed, the just must become outlaws." The Brutal Truth Copyright Disclaimer under Section 107 of the Copyright Act of 1976: Allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education, and research.
Read more