Wallace explained how the #financial statements were used. He tells a story of #Trump meeting w/a potential #lender, & the company sending an email afterward w/the statement attached & a note: “Hope you will be impressed.”

Wallace has moved on to why the #defendants concocted this #conspiracy. He argues that beyond just a place on the #ForbesBillionaireList, the defendants knew a high net worth was necessary to maintain #financial benefits, such as securing a #loan at a lower rate.

#law