this post was submitted on 01 Nov 2023
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politics

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Highlights: Former President Donald Trump relied on a Forbes article to “prove” his net worth when placing a bid to buy the NFL's Buffalo Bills – a decade-old business move that came under scrutiny during his New York civil fraud trial on Tuesday.

K. Don Cornwell of Morgan Stanley testified in court that Trump distributed printouts from Forbes regarding the highest-paid entertainers to affirm his financial standing to Buffalo Bills executives after claiming a net worth of over $8 billion in an offer letter. The former president refused to disclose financial statements to bankers involved in his $1 billion bid for the football team in 2014.

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[–] partial_accumen@lemmy.world 15 points 1 year ago (1 children)

That’s actually devious. He submitted incomplete and false documentation to Forbes as evidence of his worth and then used a Forbes article to try to convince banks.

Post hoc ergo propter hoc

[–] originalucifer@moist.catsweat.com 6 points 1 year ago (1 children)
[–] ripcord@kbin.social 5 points 1 year ago (1 children)

"No. I was just clearing my throat"

[–] Tronn4@lemmy.world 1 points 1 year ago

Oh Yogurt the wise!