Reply To: Donald Trump says He will not Testify in his Own Defense in New York Fraud Trial

  • outdoorsguy

    December 11, 2023 at 7:19 pm

    Trump has spent $2.5M on expert testimony in his NY Fraud Trial

    However his expert witnesses did not testify regarding his specific case or charges.

    It was a complete waste of money…. He is still going to lose his businesses and real estate in New York and around the world.

    The expenditure represents just a fraction of theTwice Impeached, 4 Times Indicted Felony Criminal Defendant ‘s growing legal bills, as he fends off four separate criminal trials and the lingering costs of additional civil trials using a mixture of personal funds and political donations from his supporters.

    In just the first half of this year, according to the most recent disclosure report available, his Save America PAC reported more than $20 million in legal spending across various court battles, including roughly $7 million paid to defense lawyers handling his fraud case. Last week’s testimony from accounting expert Eli Bartov alone added an additional $900,000 to Trump’s legal bills.

    Along with testimony from Deutsche Bank executives, Trump’s expert witnesses have been at the crux of his defense strategy after Judge Arthur Engoron, in a partial summary judgment issued before the trial started, ruled that Trump had used financial statements with fraudulent valuations to get better loan terms from lenders.

    At trial, however, Engoron has repeatedly criticized Trump’s experts for offering what he’s characterized as irrelevant or redundant testimony.

    “I am not trying to figure out what the value is,” the judge said after a defense witness testified about the worth of Trump’s Mar-a-Lago Club on Tuesday. “I don’t necessarily consider it relevant.”

    “Why are we wasting our time if nobody is considering the words coming out of our experts’ mouths?” Trump’s legal spokesperson Alina Habba asked Engoron in open court on Friday.

    ‘Hired to say whatever it is they want’

    The state attorneys handling the case seem to agree, suggesting on
    Thursday that Bartov — who four years ago testified as an expert
    witness for the New York attorney general’s fraud case against Exxon
    Mobil — had a financial incentive to potentially offer biased

    In total, Trump’s lawyers have called a dozen experts to testify on topics ranging from contract procurement to Palm Beach residential real estate, paid at an hourly rate ranging from $350 to $1,595.

    While some experts were paid less than $50,000 for their work, two experts were individually paid over $800,000 for their analysis.

    Real estate valuations expert Fredrick Chin was paid $850,000 for 1,000 hours of work, and New York University accounting professor Eli Bartov was paid $877,500 for 650 hours of work.