Legal AF by MeidasTouch - Trump BOXES Ivanka INTO A CORNER, SHE’S TOAST

Episode Date: November 7, 2023

Trump on the stand boxes his daughter Ivanka into a corner. Will she support her father who admitted to being involved or will she deny knowing anything like her brothers did? Former Prosecutor and Legal AF host, Karen Friedman Agnifilo reacts.  Visit https://Lomi.com/LEGALAF and use code LEGALAF and checkout to save $50! Visit https://meidastouch.com for more! Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast The Influence Continuum: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan Mea Culpa with Michael Cohen: https://www.meidastouch.com/tag/mea-culpa-with-michael-cohen The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show Burn the Boats: https://www.meidastouch.com/tag/burn-the-boats Majority 54: https://www.meidastouch.com/tag/majority-54 Political Beatdown: https://www.meidastouch.com/tag/political-beatdown Lights On with Jessica Denson: https://www.meidastouch.com/tag/lights-on-with-jessica-denson On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Uncovered: https://www.meidastouch.com/tag/maga-uncovered Learn more about your ad choices. Visit megaphone.fm/adchoices

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For more information, visit games.circlek.com. Donald Trump's civil fraud trial here in New York State is starting to wind down. The Attorney General's office has been putting on witnesses and testimony for the last several weeks about, I think we're in week five or six now, of this trial. And Donald Trump finally testified today and he's starting to wind down and get to the final witnesses of the state's case.

Ivanka Trump is set to testify this week as well. And we are going to be watching that very closely because Donald Trump, I think, has really created a problem for his daughter today, or for himself, I should say, by boxing in what she can say and what she can't say by his testimony today. It looks summarize first where we are and then we'll talk about it and analyze it. So the New York Attorney General, Latisha James, who by the way has nothing to do with Joe Biden, she's independently elected by the people of the state of New York.

And I say that because Donald Trump before court today was saying how this is, you know, a Biden witch hunt and has something to do with Biden. This has nothing to do with Joe Biden. This has to do with the New York State Attorney General, Leticia James, who has brought a civil fraud case against Trump, essentially alleging two things that when it suits him, his properties aren't worth that much money. Why? Because then he doesn't have to pay that much taxes on them. And when it others suits him, otherwise, there were a hundred times that amount of money because then you can borrow more money off them or get favorable insurance loans, etc. So just he makes

up numbers, he makes up facts and he values them. However, he wants to value them. And at a certain point, it's fraud, right? There is an art to valuing property. It's more of an art than science. But there's generally accepted principles. You can't just make it up as much as I wish my apartment was worth $10 million. It's not even close to worth $10 million.

But if my apartment were worth $10 million, I could go to a bank and I could take out a loan for, like, say, $9 million of the $10 million. And then I could take that $9 million and I could go and buy another piece of property with it. And again, I could make that, in my head, worth $20 million, say. And then I'll go to a bank and borrow money off that and it becomes This shell game right where the rich get richer and you use money to buy other things Well, the while the rest of us play by the rules and don't lie and tell the truth

And so we only get what we're entitled to and we don't get rich off of other people's money off of lies and off of fraud. And so when people say that there's no victim here and the banks made money, I think all of us are victims, right? All of us, the taxpayers who have to pay more taxes because he undervalues his properties and doesn't pay his fair share, but the rest of us who get assessed at actual value, right? We all pay taxes. And the same thing again with what I just explained about how when you overvalue assets, how it's just not a level playing field. And I feel sorry for all the businesses and all the business owners who play by the rules and who essentially get screwed because of Donald Trump's business practices. Well, so the way he did this is in something called the Statements of Financial Condition.

And in the Statements of Financial Condition, he would estimate his net worth and the value of his certain properties like his apartment on Fifth Avenue or his golf courses or Mar-a-Lago just to name a few. And this is where the numbers were essentially made up, right? So the most obvious example that everybody's been talking about is the penthouse apartment that is essentially 11,000 square feet roughly give or take. And he at one point had put on paper that it was 33, actually 30,000 square feet,

but then he said to Forbes, no, it's actually 33,000 square feet. Now, it might be 11,000. Sometimes you count the hallway, and a little bit of the common area. So what, 11,200, 11,500. He's testified today that maybe it counts the elevator shafts and the roof. Okay, 12,000 maybe.

I mean, it's not three times the size, right? That's a made-up number. As Michael Cohen, if you credit what he said, as Michael Cohen said, they would go in, they would give him his financial paperwork. He'd say, no, I don't like those numbers. And basically, I'm worth more than that go make it happen. And so, and so that's what he did. And they had to figure out a way to make that apartment worth a certain amount of money. And they did it by tripling the size and therefore tripling the value per square foot. That is fraud. That is business fraud.

And that's what this case is about. It's civil. It's not criminal. There's still that criminal companion investigation going on at the Manhattan DA's office, Alvin Bragg, who's the Manhattan DA. That's the one that he still has open that if you recall, the two senior prosecutors resigned in protest and leaked the resignation letter because they were so mad that he wouldn't bring that case. But this is the case. It's at a minimum civil and potentially also criminal.

And that's what's going on here. Well, normally the way it happens in trials, and especially criminal cases, is the prosecution puts on their witnesses. Here, because it's civil, the attorney general is not only calling her witnesses, but she's civil, the attorney general is not only calling her witnesses, but she's also calling the defendants to the stand, which again, you can't really do that in criminal cases because they would just take the fifth, right? But in civil cases,

if you take the fifth, then that could be used against you as an adverse inference. So essentially, either you testify or you don't testify and then there's an adverse inference against you Meaning the judge or a jury if there was one, but this is a judge trial can say you know what you're not telling me what I You're not answering the questions because you might incriminate yourself So I can consider that and think that oh, so you might have committed a crime I'm gonna hold that against you. Lomi is the only appliance that prevents food waste from stinking up your kitchen and polluting the planet. Now that I've invested in a Lomi, it's changed the way I deal with my food waste. Lomi is the biggest innovation in the modern day kitchen since the dishwasher.

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head to LOMI.com slash legal AF and use promo code legal AF at checkout. Thank you, Lomi, for sponsoring this video. So here, none of the defendants have chosen to take the fifth. What Don Jr. and Eric Trump, who testified already, they basically said, even though Don Jr. went to Wharton at business school and was one of the trustees of the company and one of the executives when Trump was president, he said, oh, you know, I don't really. I basically had nothing to do with this. That was the accountants.

So he threw his accountants and the CFOL and Weiselberg under the bus. That was them. They're the experts. They did the numbers. And Eric kind of did the same thing, but had to admit certain things. Yeah, that's my signature. Yeah, I might have had something to do with it. Oh, yes. Now I remember because you're showing me this email. But again, we trusted the experts. We trusted the experts. So they essentially weren't saying, no, these facts are correct and accurate.

They're saying we trusted the experts, right? They weren't saying these facts that the attorney general is alleging our false. They're not saying, oh, no, no. The apartment's actually 33,000 square feet or all the other lies, right? All the other fraudulent lies. They didn't try to defend them. Instead, they just threw everyone else under the bus and said, well, if it's wrong, they must have done it. I'm not responsible.

I was just busy with the more important things, like anyone's going to completely believe that, but fine. That's what their defense is. Donald Trump, he testified and said, basically, he tried to justify the numbers. He said, no, things are even worth more than I said. These aren't overvalued or overinflated. These things are worth even more. And I can say whatever I want because there's this disclaimer, this quote-unquote worthless clause. And so he has locked himself in to basically saying he was very much involved in the finances, very much aware of the valuations that go into these things. And if my accountants didn't like it, then they could have corrected it.

But I think my things are worth more. I put a lot of brand value onto things because it's Trump properties. And the way I do square footage, I think it's bigger than 11,000 square feet because I want to take into consideration the hallways and the lobby and all these other things that no one in the world takes into consideration when they're talking about the square footage

of an apartment, but whatever. He literally lives in a fantasy world, but how did he screw Ivanka who hasn't yet testified but will testify? So is Ivanka going to go with her brothers and say, look, I had nothing to do with this. Ivanka was a defendant if you recall, and because of the statute of limitations, she has now been taken out of the case, so she's not a defendant. She's just somebody who was very much involved in the case for a period of time, just outside the statute of limitations. But she can testify about her knowledge of the properties, is she gonna say that it's 33,000 square feet,

or is she gonna say it's 10,000 square feet? She can testify about the size of these properties, and she can testify about what it is that these various figures and things that were taken into consideration, whether they are true and accurate or not. And that'll be interesting. Is she going to walk away or is she going to, and basically say, I had nothing to do with it? Or is she going to try to defend her father and say, no, no, he knows what he's talking about. He was a business person, he's smart. So we'll see what she does.

We'll see, you know, Yvanka is known to be a little more reticent with her, you know, public statements, she's a little more cautious than her brothers, and she has a reputation for being more honest, actually. And so when put under oath, will she, what will she do? Because if she lies, she could be prosecuted for perjury. So she is one to watch and let's see exactly whether or not she is going to contradict

her father who locked himself in today when he testified and talked about the numbers. And so let's just, let's see how it goes. This is one to watch after Ivanka. I think the attorney general is going to rest their case. Trump today promised that he is going to put on bank experts to say that they would have loaned him money anyway and they weren't out any money. Like see if that actually happens. Now, the reason he's going to do that is because he's charged with seven counts

of civil fraud type charges, including falsifying business records, insurance fraud, other things as well. The judge already found him liable for count one, the persistent fraud claim. That is going to be, now it's a matter of whether the other six charges, whether he's liable there and those require intention, you have to be intentional. The fraud has to be intentional and it has to be material. So if the banks testify, look, we didn't rely on these numbers. We didn't depend on them. We were going to loan him money no matter what. That could go to the materiality of it. Again, that doesn't affect count one that he's already found liable for,

but that's why if he does what he said he was going to do put that on, but that again. Are the banks really going to say that? They're really going to get up there and say, oh no, you can lie on documents and it wouldn't matter. We would give him money no matter what. I don't know. It'll be very interesting to see if he does exactly what he promised and what the judge does and how this all plays out in the end. And part of what's being decided now to his damages and how much money Trump owes or what have to pay because how much of it will be discored and will he

lose his business licenses. So a lot at stake here, this is essentially a huge, huge case in the Trump world because he could lose hundreds of millions of dollars and his, all of his prized assets and his ability to do business in New York. I'm Karen Friedman-Egnifala with Legal AF. Thanks for joining me. Hey, Midas Mide.

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