WATCH President Trump Issues Statement: “We WILL Stop It!”

What is this country becoming?

The recent judgment against President Trump is beyond ridiculous and showcases the state of our ‘justice system.’ How can a man be forced to pay back damages when there were no injured parties?

Deutsche Bank not only knew what it was getting into when it signed the loan for President Trump’s business but expected all clients to inflate their net worth.

Despite this, the bank approved the loan and has no doubt approved many loans like it.

Banks do their due diligence and will sign a loan based on things like a successful history of business ventures, goodwill, etc.

In any case, the Trump Organization paid the loan in full with interest.

How the New York courts ruled that the former President now has to pay back $450 million is beyond comprehension—there was no fraud.

President Trump responded to the recent ruling by issuing this statement on social media:

BREAKING: Legal scholar Professor Jonathan Turley (@JonathanTurley) EXPLODES After Judge Engoron Hits Trump with $364 Million Fine and 3-Year Ban in New York Civil Fraud Case, Says, "None of us could find a case like this!" Well, no one else has gone through this!!!!! WATCH pic.twitter.com/3Lk5Ef3tRl

— Simon Ateba (@simonateba) February 16, 2024

Fox News provided this statement from President Trump:

“A crooked New York judge working with the very corrupt attorney general of New York State, who ran on the basis of ‘I will get trump’ before knowing me — before even knowing anything about me — just ruled that I have to pay a fine of $355 million based on absolutely nothing,” Trump told Fox News Digital.

“No victims. No damages. Great financial statements, with full disclaimer clauses, only success.”

Journalist Kyle Becker dissected the absurdity of the case: “A prominent New York University accounting professor named Eli Bartov called the NY civil fraud case “absurd” in sworn testimony.

“Deutsche Bank, they knew what they were doing,” Bartov said during questioning by Trump lawyer Jesus Suarez…

It’s “absurd to argue that Deutsche Bank or any bank or any lender would make lending decision based on a statement of financial condition.”

“The credit reports of Deutsche Bank really tell you the whole story,” Bartov said. “Everything is there.”

The state, of course, impugned the integrity of the witness.

“This is pure speculation from someone hired to say whatever it is they want,” the state lawyer said.

“You should be ashamed of yourself talking to me like that!” Bartov shouted. “I’m here to tell the truth. You ought to be ashamed of yourself!”

Donald Trump’s lawyers argued that there was no “victim” of the common accounting practices.

“Mr. Trump’s lawyers also argued that Mr. Trump’s lenders did not rely heavily on his financial statements when issuing him loans, and that the lenders reaped millions from their dealings with the former president,” the New York Times wrote.

“The sophisticated private parties all profited considerably from successfully consummated transactions,” Mr. Trump’s lawyers said. “Thus, ‘fraud’ cannot exist in the abstract or solely in the mind of the N.Y. A.G.”

Trump’s real estate empire is the only big business that had been threatened with dissolution under the state’s anti-fraud law, an AP analysis of nearly 150 civil cases across 70 years found.”

FLASHBACK: A prominent New York University accounting professor named Eli Bartov called the NY civil fraud case "absurd" in sworn testimony.

“Deutsche Bank, they knew what they were doing,” Bartov said during questioning by Trump lawyer Jesus Suarez…

It’s “absurd to argue… pic.twitter.com/Uz8q2H3ggj

— Kyle Becker (@kylenabecker) February 16, 2024

President Trump released this statement about today’s ruling by Judge Engoron in Trump’s NYC Civil Fraud trial. Judge Engoron Hit Trump with a $364 Million Fine and a 3-Year Business Ban in his New York Civil Fraud Case.

Unprecedented and overreaching. A total WITCH HUNT! pic.twitter.com/4JV4f72Czc

— Laura Loomer (@LauraLoomer) February 16, 2024

CNBC broke down the fine:

The staggering figure includes about $355 million in disgorgement, a term for returning ill-gotten gains, plus more than $98 million in prejudgment interest that will accrue every day until it is paid, according to a spokesperson for the attorney general’s office.