During his Monday testimony, Trump admitted that his real estate company, The Trump Organization, submitted financial statements “to induce lending” from companies such as Deutsche Bank—an apparent admission to a key allegation by James’ office that the financial statements which inaccurately valued his net worth were done so to receive loans from banks and insurers.

  • Captain_Patchy@lemmy.worldOP
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    11 months ago

    Part of the deed that allowed Mar-a-lago to be created in the first place is that it would not be allowed for ANYONE to EVER use it as a residence, not even allowed to tear it down and build residential in it’s place.
    The “deed of development rights” outlines that “the Club and Trump intend to forever extinguish their right to develop or use the Property for any purpose other than club use”

    Prisoner Number P01135809 is ALREADY breaking that covenant by living there.

    • GONADS125@lemmy.world
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      11 months ago

      One of his recent defenses centered around that word “intend.” He believed that by specifically stating “intend” it doesn’t mean he will/has to do it, as he merely “intends” to. He argued that he can “intend” to do something at one point, but later change his mind, and he believes this is a legal loophole. It’s not…

      That defense has fallen flat… But it’s worth pointing out because in his deluded mind, he believes that allows him to violate all of his contracts/agreements.

      I guarantee that’s the situation here with Maralago being his residence.

      • logicbomb@lemmy.world
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        11 months ago

        On top of all that, Trump seemed to be arguing that he could “intend” for one thing in perpetuity, even though he knew at that same moment that he would “intend” for something else one minute later. And I don’t think that would work with any definition of “intend.”