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Trump's Review of Financial Statements Contradicted by Former Executive's Testimony

Jeffrey McConney's emotional testimony and handwritten notes could potentially harm Trump's defense in ongoing fraud trial.

  • Former Trump Organization executive Jeffrey McConney testified that it was his understanding that Donald Trump reviewed financial statements before they were finalized, contradicting previous testimony and potentially implicating Trump in the fraud case.
  • McConney broke down in tears during his testimony, expressing frustration over accusations of misrepresenting the company’s assets and stating he 'gave up' on his job due to the company’s ongoing legal challenges.
  • McConney's handwritten notes on draft financial documents, which indicate that Trump and other top executives made final edits to the documents, were handed over to the attorney general's office by the accountancy firm Mazars, not by the Trump Organization, potentially harming Trump's defense.
  • The trial, initiated by New York Attorney General Letitia James, alleges that Trump, his two adult sons, and the Trump Organization engaged in fraudulent practices to reduce taxes and secure more favorable insurance coverage. The Trump family has categorically denied these allegations.
  • The outcome of this trial could have substantial implications for Trump's future business endeavors in New York, including a potential ban on managing businesses, alongside a sizable financial penalty.
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