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>> i would say yes. >> throwing former trump organization cfo alan weisselberg under the bus. now, remember, weisselberg has already been convicted of tax fraud and we learned through his newly released deposition video that he never took the certified public accountant exam. >> if i said the phrase gap, g- afrmths a-p, are you familiar with that acronym? >> i am familiar with that, yes. >> tell me what you know about gaaap. >> generally accepted accounting principles. i don't know gaap and i never to be the cpa exam and i don't know the com bonences of what gaap is. >> are there any components of what gaap is? >> not really. no. >> call me crazy, but it seems like basic accounting principles might be important knowledge for a cfo, and let's be clear, ignorance of it is not a defense. the prosecution also playing clips of trump's sons. here's don junior laughing about those same accounting principles weisselberg said he knew nothing about. >> do you have any familiarity with an acronym gaap, g- afrmths a-p? >> generally accepted accounting principles, yes. >> how did you become
>> i would say yes. >> throwing former trump organization cfo alan weisselberg under the bus. now, remember, weisselberg has already been convicted of tax fraud and we learned through his newly released deposition video that he never took the certified public accountant exam. >> if i said the phrase gap, g- afrmths a-p, are you familiar with that acronym? >> i am familiar with that, yes. >> tell me what you know about gaaap. >> generally accepted accounting...
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Oct 2, 2023
10/23
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but we could see sort of a blame game going on here, and a finger pointing specifically with alan weisselberg, and i expect some advice of the accountant defense, and look, i signed papers and there is no intent on my part, and i told people to do what people told me to do, and if there are antagonistic defenses here, and it was not me, but him. >> one of the things that happened in court during the first opening statements by the state is kevin wallis said that they tried to distance themselves from who is the preparer of this, and specifically pointed out that weisselberg oversaw the preparation, and donald trump said yes, and at the end he said, look, the defendants are left to answer the question, are you lying then or now, and how do you defend against that? well, first, you don't get on the stand, and that sounds like donald trump is planning to do that and we have been hearing it before and he has walked it back and certainly, i would advice against it, because it is a civil trial, and he does have the ability to plead the fifth, and however, the judge can take what is a negative infer
but we could see sort of a blame game going on here, and a finger pointing specifically with alan weisselberg, and i expect some advice of the accountant defense, and look, i signed papers and there is no intent on my part, and i told people to do what people told me to do, and if there are antagonistic defenses here, and it was not me, but him. >> one of the things that happened in court during the first opening statements by the state is kevin wallis said that they tried to distance...
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Oct 24, 2023
10/23
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worth he wanted to achieve and cohen claimed or testified that it was up to him and former cfo alan weisselberg to reverse engineer in his words, the numbers, to achieve that net worth. that's basically the whole crux of this case summed up in that sentence. that's what we left on with this recess. pretty dramatic moments. the fact that cohen and trump have not been in the same room together for five years. they've taken out lashings at each other publicly, on social media, in interviews, but face-to-face is a whole different story. my colleagues said trump just sat back in his chair with his arms crossed listening intently to the testimony of cohen. when they left for lunch, cohen said quote, that was a heck of a reunion. as for trump, he said michael cohen has a horrible record and he's not too worried about his testimony. we expect cohen to be on the stand today and tomorrow. we'll see how the testimony picks back up but again, before he left, that was the main part of the new york general's case in this civil trial is what cohen said right there. guys? >> thanks so much. >>> house republica
worth he wanted to achieve and cohen claimed or testified that it was up to him and former cfo alan weisselberg to reverse engineer in his words, the numbers, to achieve that net worth. that's basically the whole crux of this case summed up in that sentence. that's what we left on with this recess. pretty dramatic moments. the fact that cohen and trump have not been in the same room together for five years. they've taken out lashings at each other publicly, on social media, in interviews, but...
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Oct 2, 2023
10/23
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and essentially, he is showing the video depositions of the trump's sons, and alan weisselberg, the former ceo of the trump organization, and who is in charge of making the valuations of the properties, and remember, at the heart of the case, the judge has decided some of it that the sons and trump is liable for overvalue waiting some of the tropts sometimes multiple times over to get loans for these properties, a and, and in that part of the trial. we know that trump is there with his defense attorneys, and he is talking to them as the case is being played out in opening statements. so it is interesting inside of that courtroom as all of the people are there sort of witnessing exactly how the case is going to be laid out. the judge saying that it could go all of the way to december, of course, it is going to be dense with all of the financial statements burk at the heart of it, who isis responsibility for preparing financial statements, and so we will continue to follow the statements as they are playing out in the courtroom with our colleagues inside. >> and the judge has ruled no camera
and essentially, he is showing the video depositions of the trump's sons, and alan weisselberg, the former ceo of the trump organization, and who is in charge of making the valuations of the properties, and remember, at the heart of the case, the judge has decided some of it that the sons and trump is liable for overvalue waiting some of the tropts sometimes multiple times over to get loans for these properties, a and, and in that part of the trial. we know that trump is there with his defense...
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Oct 24, 2023
10/23
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he's in the room with alan weisselberg, the chief financial officer for a long time, coming up with amake the numbers work. i mean, you have a cooperator like that, it gives prosecutors an advantage. however, there are plenty of times where cohen said initially turns out not to be true and that's where he opens himself up -- >> there was tension between the two men? accident. >>. >> apparently they did not look at each other and there was tension in the room and donald trump sat there with his arms crossed and they were trading barbs outside the courtroom and they're not talking to each other in the courtroom. >> he has a lawyer problem as i've said a couple of times. you have michael cohen who flipped years ago, but down in georgia, we now have the third lawyer flipping on donald trump, jenna ellis. each one of these lawyer whys, kenneth chesebro, jenna ellis getting community service and having to write a letter. that's not a lot and the worst thing that could have happened to them. what does it say about what they're handing over? >> their back was against the wall, and they chose
he's in the room with alan weisselberg, the chief financial officer for a long time, coming up with amake the numbers work. i mean, you have a cooperator like that, it gives prosecutors an advantage. however, there are plenty of times where cohen said initially turns out not to be true and that's where he opens himself up -- >> there was tension between the two men? accident. >>. >> apparently they did not look at each other and there was tension in the room and donald trump...
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Oct 2, 2023
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. >> i would not count on alan weisselberg, because he is very much going all of the way and did notp and he would not testify. >> and i would say he is a enormous distraction and he may not have the specifics and the judge has found for the attorney general for the first count and meaning that he is credited with the documents and the first testimony and the cross-examination, and a huge potential for being side tracked, and i would avoid calling him if i could. >> and let's see if whether or not there is cameras allowed in the courtroom for the opening statements. >> what is the pro/conn on that? >> well, i would be flummoxed if it there were, but on the other hand there is tremendous good public interest, and so there is authority for the judge to permit it. but it would be interesting. >> i would be flummoxed but interested as well. the rule say there should not be cameras inside of a federal court, but when we were in the manhattan case, the judge allowed still photossh and that is how we saw donald trump there. and he set aside time in the beginning, and he said there could be
. >> i would not count on alan weisselberg, because he is very much going all of the way and did notp and he would not testify. >> and i would say he is a enormous distraction and he may not have the specifics and the judge has found for the attorney general for the first count and meaning that he is credited with the documents and the first testimony and the cross-examination, and a huge potential for being side tracked, and i would avoid calling him if i could. >> and let's...