Current:Home > ScamsRobert Brown|"I don't recall": Allen Weisselberg, ex-Trump Org CFO, draws a blank on dozens of questions in New York fraud trial -Elevate Capital Network
Robert Brown|"I don't recall": Allen Weisselberg, ex-Trump Org CFO, draws a blank on dozens of questions in New York fraud trial
Oliver James Montgomery View
Date:2025-04-07 06:56:04
Allen Weisselberg,Robert Brown the former chief financial officer of the Trump Organization, knows that he was involved in creating so-called statements of financial condition for former President Donald Trump for years.
He doesn't remember much else.
Weisselberg replied with variations of "I don't recall" to dozens of questions in a New York courtroom on Tuesday, where he testified in a trial accusing him, Trump, two of Trump's sons and their company of years of fraud connected with the statements.
He didn't recall speaking with Trump, Donald Trump Jr., Eric Trump or their former fixer and attorney about the documents, which were crucial to the company's efforts to make deals with banks and insurers. He didn't recall the phrase "estimated current value," which both sides agree is crucial to understanding their arguments. He didn't recall details of "generally accepted accounting principles," noting he's not a certified public accountant.
Weisselberg admitted to learning at some point that Trump's roughly 10,000 square foot New York City apartment was being valued as if it was 30,000 square feet. But he couldn't say when, or with whom he discussed it.
He also acknowledged "periodically" receiving comments from Trump about the statements of financial condition before they were finalized, but could not recall specifics about any changes Trump might have sought.
The last time Weisselberg took the witness stand, the stakes for the company were vastly different. After a jury in December 2022 found two Trump Organization companies guilty on 17 criminal counts related to tax fraud, the company was ordered to pay $1.6 million in fines.
On Tuesday, he was appearing in a civil trial in which the New York attorney general is asking a judge to claw back $250 million from the company for alleged systematic fraud and impose a host of sanctions designed to severely restrict many of its businesses in the state. Weisselberg is a defendant, and so is Trump himself. Before the 2022 criminal trial, Weisselberg entered a guilty plea to fraud and tax evasion. Company lawyers pinned the blame for fraud on him, repeating the phrase "Weisselberg did it for Weisselberg" like a mantra.
In this fraud trial, the attorney general wants to show Trump did it for Trump.
During a May deposition that's now an exhibit in the case, Weisselberg said his conversations with Trump about the statements were limited.
"It was more of just handing it to him and him taking it up to his apartment, maybe reading it in the evening, and making some notations giving it back to me," Weisselberg said, according to a transcript of the deposition.
The defendants are accused of orchestrating a decade-long fraud scheme designed to falsely inflate Trump's wealth and the valuations of certain Trump properties. The goal, New York Attorney General Letitia James says, was to receive more favorable terms on loans than they deserved, and by doing so, benefit themselves by hundreds of millions of dollars.
Weisselberg worked for the company for nearly 50 years, going back to an era when Trump's father was at the helm. In January of this year, he signed a severance agreement with the company entitling him to $2 million paid in installments over two years, according to the May deposition.
Trump spoke about their long relationship in his own deposition in April.
"He was with me for a long time. He was liked. He was respected. Now, he's gone through hell and back. What's happened to him is very sad," Trump said.
Trump attended the first two and a half days of the trial last week, watching his longtime accountant Donald Bender on the stand. Bender testified that his company, Mazars USA, relied on figures provided to him by Trump Organization executives when compiling the statements of financial condition. In early 2022, Mazars dropped Trump and the company as clients, and recanted a decade of those statements.
Trump has denied any wrongdoing and has repeatedly attacked the case as politically motivated. He was not in attendance for Weisselberg's testimony.
veryGood! (3)
Related
- Man charged with murder in death of beloved Detroit-area neurosurgeon
- Supreme Court to hear free speech case over government pressure on social media sites to remove content
- 1 dead, 5 injured in Indianapolis bar shooting; police search for suspects
- Usher, Fantasia Barrino and 'The Color Purple' win top honors at 2024 NAACP Image Awards
- NCAA hands former Michigan coach Jim Harbaugh a 4-year show cause order for recruiting violations
- Usher, Fantasia Barrino, ‘Color Purple’ honored at 55th NAACP Image Awards
- KC Current's new stadium raises the bar for women's sports: 'Can't unsee what we've done'
- Workers at Tennessee Volkswagen factory ask for vote on representation by United Auto Workers union
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Cherry blossom super fan never misses peak bloom in Washington, DC
Ranking
- British golfer Charley Hull blames injury, not lack of cigarettes, for poor Olympic start
- Book excerpt: Great Expectations by Vinson Cunningham
- What to know about Zach Edey, Purdue's star big man
- Want to feel special? Stores and restaurants with paid memberships are betting on it
- The seven biggest college football quarterback competitions include Michigan, Ohio State
- Authorities had cause to take Maine gunman into custody before mass shooting, commission finds
- 3 people killed, infant in critical condition after SUV slams into bus shelter in San Francisco
- A warming island’s mice are breeding out of control and eating seabirds. An extermination is planned
Recommendation
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
2024 NCAA women's basketball tournament bracket breakdown: Best games, players to watch
New study finds no brain injuries among ‘Havana syndrome’ patients
Man faces charges in 2 states after fatal Pennsylvania shootings: 'String of violent acts'
Kansas City Chiefs CEO's Daughter Ava Hunt Hospitalized After Falling Down a Mountain
50 women on ski trip stranded by snowstorm, trapped in bus overnight: We looked after each other
Book excerpt: One Way Back by Christine Blasey Ford
Pierce Brosnan fined for walking off trail in Yellowstone National Park thermal area