#michielmccarty — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #michielmccarty, aggregated by home.social.
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State expert, #MichielMcCarty, testified he conducted an analysis of risk differentials of what the true interest rates would have been if the statements of financial condition accurately stated #Trump's assets.
#NYAG shows exhibit 1 from McCarty’s report, the "Lost Interest Calculation."
(see pic)Total of #LostInterest: $168,040,168 (yikes)
Properties: Doral, Old Post Office, Chicago & 40 Wall Street (Trump Tower).#law #civil #fraud #TrumpOrganization #LetitiaJames #TrumpTrial #GAAP
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The last witness before Trump Jr is #MichielMcCarty, state's expert.
1st he testified to his qualifications as an expert. Then his testimony switched to his report.
The 1st category of his report is “lost interest.”
#Trump has argued that everyone made money on the #loans at issue in the case, but problematically #banks gave the #TrumpOrganization favorable terms based on judicially determined #fraudulent statements of #financial condition.
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As prelude for #DonaldTrumpJr, we have #DavidOrowitz, the #TrumpOrganization’s snr VP of acquisitions & development; & #MichielMcCarty, state's expert + chairman & CEO of the investment #bank M.M.Dillon & Co.
First up #Orowitz.
#NYAG's counsel Eric Haren showed Orowitz a Dec 16, 2011 email he wrote to #AllenWeisselberg.
Subject: IMPORTANT: Need to discuss now
"Allen,
Ivanka wanted me to change the language in the GAAP section. She asked that I review with you."