Nothing of note occurred during cross examination of McCarty.
Importantly, McCarty’s #LostInterest calculation, is only ONE exhibit of the whole of his report. Makes you wonder what else there was. I’m sure we’ll find out.
But not today.
(In additional to the amount they have to pay, the trial will determine if Trump et al get barred from ever serving as an officer or director of any NY corp ever again.)
#DonaldTrumpJr is next.
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
Nonilex