Legal AF by MeidasTouch - Trump’s So-Called Expert Gets LAUGHED OUT OF Court in Fraud Trial

Episode Date: December 8, 2023

Signaling that he knows he’s losing in the NY civil fraud case, Trump reappeared after a month today to bash the court, judge, and NY AG and to distract from a weak expert witness accounting professor testifying today on his behalf on “valuation.” Michael Popok of Legal AF explains that this is not an “expert” case, it’s a fraud case, and that when your big witness is an accounting professor you know that you have lost. Upgrade your sleep with Miracle Made! Go to https://TryMiracle.com/LEGALAF and use the code LEGALAF to claim your FREE 3 PIECE TOWEL SET and SAVE over 40% OFF. Visit https://meidastouch.com for more! Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast The Influence Continuum: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan Mea Culpa with Michael Cohen: https://www.meidastouch.com/tag/mea-culpa-with-michael-cohen The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show Burn the Boats: https://www.meidastouch.com/tag/burn-the-boats Majority 54: https://www.meidastouch.com/tag/majority-54 Political Beatdown: https://www.meidastouch.com/tag/political-beatdown Lights On with Jessica Denson: https://www.meidastouch.com/tag/lights-on-with-jessica-denson On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Uncovered: https://www.meidastouch.com/tag/maga-uncovered Learn more about your ad choices. Visit megaphone.fm/adchoices

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We want this case. Remember this. Just put it in your head. This case was one at the Appellate Division. And the judge refuses to do what the Appellate Division demands to do. Nobody's ever seen anything like this. When you went at the Appellate Division,

at your high court, the judge has to be bound by what their decision is. Well, we've won at the Epele division. Part of that victory was the Maka, but was not having to put herself through this, and they ruled that. But the bigger part of it was that about 90 percent because of the statute of limitations, about 90% of the case disappears. So remember this, we will want the case at the appellate division, the high court, at this judge refuses to acknowledge that victory or that demand. That's very serious. So we're going in now, we have an expert witness,

one of the great experts in the country. And I hope you'll all be able to listen to him. But it'll just be another day. If you look at the case, we did nothing wrong. There were no victims. The bank loves us. The bank testified. They love us.

We did absolutely nothing wrong. We never even defaulted. We never had a default letter sent to us. The bank said we were a perfect customer. The bank didn't even know why they were here. And yet, you have people being murdered outside. All over the streets, they're being murdered. There's violent crime, and this Attorney General, who's crazy. She's a lunatic. the attorney general, sits here because she knows that she has a judge that no matter all the evidence that judge is going to rule in her family. He ruled against me before the case even started. The case hadn't started. He knew nothing. And he ruled against me. The other thing is this. He valued our logo in Bobby Tlarger, because that was good for her case. At a value of $18 million, one in fact, it's worth, anywhere from 50 to 100 times that amount.

Nobody's ever seen anything like it, but just remember what I said at the beginning. We wanted the Eiffel Tower division and this judge refuses to honor that victory or that decision or that demand. This is Michael Popok, legal AF. Yes. Donald Trump is back. You just heard the clip attacking the justice system again in the New York Attorney General civil broadcast. He keeps saying there's no victims. The banks love me. And the best, most amazing expert in the world is going to testify today on my BF. What he didn't say out loud is the things he said on social media,

also during the day, which he called the New York Attorney General, the Tisha James, who is prosecuting the case, bat S crazy. He called the judge a racist, unethical judge. That was in social media post at the same time. So why is he back in court? Because he's been away for a month. And that's nothing to do with the new expert that's testifying today for Donald Trump. Dr. Eli Bartov from NYU Stern School of Business. I'll talk about him in a minute.

But he's actually beside the point. Dr. Bartov may be the second to last witness in the case for the defense before it returns to the prosecution or to the New York Attorney General for their rebuttal case. But in the last witness being apparently Donald Trump because he gave instructions to Eric Trump his son not to take the stand again because Eric did so terribly the last time and won't do any better this time around. Donald Trump wants to be the cleanup hitter for his own case as the judge decides whether there are six more counts of fraud that have been approved by the New York Attorney General. But why is he back today?

Why is the circus back in town with all the elephants again crapping on the justice system for us, the audience here to have to clean up behind. Why? Because it's Donald Trump's excuse to be able to bash and remind people that the New York Attorney General is racist and bat S crazy and so is the judge and he's corrupt and all of that. And then he just sits down in his seat. He's just been away for a month. He didn't bother preparing for debates or debates. This is how he's campaigning to be reelected, making appearance again in a civil fraud case.

Now let's turn to who Dr. Eli Bartoff is. I got nothing to say about his credentials. I mean, if you read his credentials online, they're fine. He's a professor of accounting. He's got a doctorate. He's at my old alma mater NYU, the Stern School of Business, and he's going to testify about that in accounting standards very widely about how you use valuation calculation on a statement of financial condition.

Sort of sounds like it's an issue in the case. I mean, the judge is trying to decide whether from a period of time, a five-year period of time, the statement of financial condition that Donald Trump used with banks, lenders, investors, and other counterparties was fraudulent. Whether he intentionally cooked the books inflated as asset values in order to meet lending criteria and insurance criteria by those underwriters to get the insurance, to get the loans, to get the projects approved, and the like. That Donald Trump had a show at least two and a half billion dollars with a B of net

worth and five hundred million dollars of liquid assets for Deutsche Bank to lend them all those hundreds and hundreds and hundreds of millions of dollars to do his deals. But he didn't really have to and a half billion dollars at that moment. At that moment, he probably had one billion or less, but he cooked the books and changed the numbers. That's been the testimony, 25 witnesses for the Secretary for the New York Attorney General. Thousands and thousands of exhibits and nothing really being done in the defense case.

So what's the best that Eli Bartoff, this doctor, this expert, the Donald Trump calls the greatest expert in the world. The best he can do is say, well, you know, when you're creating a statement of financial condition, you know, the evaluation protocols may be different. That's the best he can say. What he can't say is when he's shown the evidence across examination is, is it appropriate for a borrower to lie to his lender about values that are listed on a statement of financial condition?

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That that would be fraud on the counterparty, the lender. Would you agree with me with that? Yes. If that were true, okay? Would you agree with me that if he overvalued Mar-a-Lago, a 15 acre parcel in Florida that can't be used, cannot be used because of an easement that Donald Trump agreed to for a single family home, nor can it be used for to develop the rest of the 15 acres because of zoning and land use laws in Palm Beach County and in conservation easement granted by Donald Trump

that it has limited value. Would you agree with that? It has less value than a single family home or if you get developed, get developed to put multiple mansions and sell that 15-acre parcel in a different way. Would you agree with that? I'll have to say yes. Would you agree with me that if it is proven in this trial before the person in the black robe, the trial of fact, that Mar-a-Lago is not worth a billion dollars

or half a billion dollars, but something in the seven figure range. Would you agree that if Donald Trump listed something else on his balance sheet, that would be a fraud on the counterparty. The lender, would you agree with me on that, Dr. Bartoff? Yes, if those facts were all proven in this court, then my testimony would have to be that would be a fraud. You don't have any knowledge, independent knowledge.

You're not here as a fact witness. You don't know about what Donald Trump actually did, what Alan Weisselberg, the CFO did, what the controller did, Jeff McConney, what people in the accounting department did, what Michael Cohen was involved with. You don't know any of that as it relates to the assets during this given time period, do you? No, you were told to assume a certain set of facts about from your client, Donald Trump,

who hired you to assume for the purposes of your testimony, weren't you? Yes, and those facts did not include that he cooked the books or hyperinflated, right? He's told you the opposite, right? Right, did he show you anything that demonstrates to you that he cooked the books or hyperinflated, right? He's told you the opposite, right? Right. Did he show you anything that demonstrates to you that the value of Mar-a-Lago is closer to the number

than New York attorney general is presenting to this court? I didn't see those documents. Did he show you anything you're client or anybody related to his client or his lawyers to show you that 40 Wall Street is properly valued on a statement of financial condition. Well, I took a look and I don't, you know, this is the cross examination. This is why this is not what we call in the trial business, an expert driven case, an

expert on how you buy insurance, which is another expert for Donald Trump fell flat because this is not about how you buy insurance in the market and the judge doesn't need that instruction. The expert who is a friend of Donald Trump and used to be his lawyer back when the guy was a lawyer instead of a developer talking about how you buy property. None of them, none of them can testify about the facts in the case or assume the facts in the case, if they assume the facts in the case is developed, they can't testify honestly in favor of Donald Trump. And that's been the problem. This is not an expert case. This is not a case where the trial of fact, who's not a jury, it's the judge needs their

instruction about from Dr., Dr. Bartoff about how you evaluate, how you value things at a statement of financial condition. It's about the fraud and whether it happened or not put on witnesses, Trump group that show that the numbers had validity, that they weren't overinflated on the balance sheet presented to the banks and you'll win your case. But if you don't have all that, then you have no defense case and that's what we're watching. And the tell for Donald Trump, you know, like a poker player who grabs his ear, rubs his nose or or or or looks down when he has a good hand or a bad hand.

The tell for Donald Trump is when he shows up and it circus comes to town. Things are not going well for him in the courtroom and he's trying to distract from that. We saw it when he showed up for Michael Cohen. We showed it when he showed up for other people. Andor, he needs some eyeballs related to his campaign and to distract from what's happening inside the wood panel to the court, wood paneled room of the courtroom. That's what we're watching. And an excuse to go after an attack on social media. Once again, talk about racist, the New York Attorney General's racist.

He's called her peekaboo James, which is a take off on jigger boo, which is a terrible racial slur. He's called her that. That's been her, her, his nickname for her. So anybody that is against him is crazy, racist, right? Lunatic, unhinged, bat, s, whatever. Right. The whole world and all the witnesses and all the prosecutors and all the jurors and all the grand jurors are against Donald Trump. He is the only one that's telling the truth along with his family, but at least the ones

that got up to testify will continue to follow the New York attorney general case as it finishes next week. So allegedly with the testimony of Donald Trump, I still think it's 50, 50 that he shows up at all. They tried to delay his testimony, waiting for the to see if there's going to be an appeal that's going to be successful to get the gag order lifted so he can continue to bash the principal law clerk, whatever that has to do with the case, which is nothing. So he'll testify and then there'll be maybe a brief rebuttal case, maybe by the New

York Attorney General. I give it a one or two days tops. Maybe they recall a couple of witnesses just to remind the court after a 10 week trial, 11 week trial, some of the evidence, and then they rest. Then there's going to be closing statements, closing arguments, sorry, in January, middle of January, before the E. Jean Carroll case starts against Donald Trump civilly in federal court in New York. And then we're going to have a ruling by the judge fast on the heels of the closing of

that of those closing arguments. He's already prewritten. I am sure judge and go on his order. Remember, this is a judge who a year ago already found persistent fraud in the operation of the Trump companies. That's why he installed on that finding and an injunction installed a federal, a former federal judge to serve as a monitor of all financial transactions and money flows and the operations of the businesses has been sitting on the Trump companies and remaking reports

to the New York Attorney General and to the judge for over a year, Judge Barbara Jones, former Judge Barbara Jones. That's because there was a finding already that there was persistent fraud. And then in the beginning of October, the judge ruled on one of the counts of the petition or the complaint in favor of the New York attorney general and found on summary judgment that there was already persistent fraud as that term is used under New York Statute, statutory law and authority for the Attorney General called executive law 63-12, which is the crime fighting tool of the New York Attorney General to put persistent fraud companies out of business in New York. He already found that, and he already made certain remedy decisions about what he's going

to do. In fact, the judge questioned it at that time to the lawyers on both sides. Do I even need a trial on the six remaining counts? I've already found fraud twice. New York Attorney General said we got to put out a full trial judge. We got to put on all of our evidence. We're ready. You know, we're asking for extraordinary relief, a half a billion dollars of recovery, all

of his companies, all Trump's companies being put out of business, his trust changing, you know, new trustees being appointed to the trust over his assets, barring and banning the Trump family and other executives of the Trump organization from ever being officers and directors are conducting business in New York or doing banking or getting loans in New York. We got to put on our full case judge and judge says, okay, put on your full case, right? 10 weeks later, bashing of courtroom personnel and staff, threats against judges later. We're at the end.

We continue to follow it to the bitter end, only on the Midas Touch Network on legal AF, the leading podcast at politics, justice, and law corner, which we do every Wednesdays and Saturdays at 8 p.m. Eastern time, and then on audio podcast platforms of your choice. Give me a thumbs up and leave a comment for this hot dick. It helps keep us on the air. So until my next hot dick and until my next legal AF, this is Michael Pope-Pock reporting. Hey, Midas Mide, love this report?

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