President Trump Reverses Course, Provides Update On Testimony

President Trump was expected to take the stand in his New York City civil case once again.

The lawsuit, brought forward by New York Attorney General Letitia James, accused President Trump of defrauding lenders by massively inflating his net worth.

Of course, expert testimony from Deutsche Bank executive David Williams completely dispelled that notion and dealt a massive blow to James’ case.

Williams testified that it isn’t unheard of for a financial institution or lender to mark down an individual or entity’s net worth and still grant them a loan; banks do their due diligence.

The Deutsche Bank executive went on to explain that other factors are taken into consideration such as the individual or entity’s history of successful business ventures or investments.

This is necessary because an individual’s net worth fluctuates wildly on paper from year to year and in certain cases even enters negative territory.

Originally, President Trump was slated to take the stand in the ongoing case on Monday. However, the 45th President has since backtracked on his original decision.

Bloomberg provided the update: “Former President Donald Trump says he will not testify in his New York civil fraud trial on Monday, back-tracking on a statement last week in which he said he would be taking the stand in his defense case.”

Former President Donald Trump says he will not testify in his New York civil fraud trial on Monday, back-tracking on a statement last week in which he said he would be taking the stand in his defense case https://t.co/pm9JTBeN6o

— Bloomberg (@business) December 10, 2023

Previously, CBS News reported: “Trump is expected to take the stand again on Monday, which “is advantageous” for his presidential campaign.”

Former President Trump returned to a New York courtroom on Thursday to attend his civil fraud trial as the case approaches its conclusion.

Trump is expected to take the stand again on Monday, which "is advantageous" for his presidential campaign, @majorcbs reports. pic.twitter.com/1Z89u4DJD5

— CBS News (@CBSNews) December 7, 2023

The Epoch Times provided this statement from President Trump:

“As everyone knows, I have very successfully and conclusively testified in the corrupt, Biden-directed New York State Attorney General’s rigged trial against me.

World-renowned experts, highly respected bank and insurance executives, real estate professionals, as well as others, both honest and credible, have stated, clear and unequivocally, that I, and my very successful company, did nothing wrong!

Financial statements were conservative, liquid, and ‘extraordinary.’ The only fraud committed was by the highly partisan and out-of-control judge and racist AG.”

Charles R Downs said it all: “President Trump says he won this case on New York’s Appellate Division and Judge Engoron refuses to acknowledge the ruling. It’s like Engoron’s wife wants Trump jailed. How can Trump be a dictator when the justice system is rigged against him? Biden is the real dictator here.”

President Trump says he won this case on New York’s Appellate Division and Judge Engoron refuses to acknowledge the ruling. It’s like Engoron’s wife wants Trump jailed. How can Trump be a dictator when the justice system is rigged against him? Biden is the real dictator here. pic.twitter.com/VxVw3Emewz

— Charles R Downs (@TheCharlesDowns) December 7, 2023

Axios added:

During his first testimony in November, which lasted nearly four hours, Trump clashed with Engoron and acknowledged having some input on the financial statements at the center of the lawsuit.

Trump was also called briefly to the stand earlier in the trial to answer questions about a possible violation of his gag order, but he was not asked about the fraud charges.