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The former president's eldest daughter, a former Trump Organization executive, was initially a defendant alongside her father and brothers Don Jr. and Eric. She wasWhile cross-examining Ivanka, Suarez tried to have Ivanka elaborate on the success of their redevelopment of the Old Post Office project. She recalled receiving praise from two members of Congress, who asked her to come to a field hearing in Brooklyn about the potential redevelopment of federal assets.
Overall, Suarez seems to be suggesting that Deutsche Bank had legitimate reasons for lending to Trump on such favorable terms: the uniqueness of the assets, a belief in the Trump Org.’s ability to transform assets, and a desire to cement a long-term, multi-pronged relationship with a famous, high net worth family.
She testifies that it was an “introductory meeting” that Ivanka characterizes as “a sales call” to encourage further partnership between the Trumps and the bank. After that meeting, Jain sent Donald Trump a fawning letter that said, “It was a pleasure to see your delight in the buildout of your family holdings and your justified pride in having your children in the business.
And now they are moving on to her relationship with Rosemary Vrablic, from Deutsche Bank’s private wealth management group. Ivanka describes Vrablic as “formidable.” She testified that she understood the personal guarantee was a condition of the loan, but that she did not understand the loan to require documents with this level of specificity.This is wild. Not only did Ivanka ask for Kushner’s help in approaching other potential sources of lending, but her colleagues at the Trump Org. sent him internal drafts of presentations with a note that they planned to “remove management fees from the income statement.
“I made the below deal with him: DB private bank and Cap One total carve out/ 150 flat-fee for Wells and Natixis/4 percent for everyone else,” Ivanka told her husband.Alex Edelman / AFP via Getty Images file Solomon is visibly frustrated that Ivanka appears to remember details about construction, for example, but not about the GSA’s perception of deficiencies in the Trump Org. bid.While Donald Trump’s daughter Ivanka is on the stand, Judge Engoron said Trump lawyer Chris Kise is “starting to sound like your client.”
Engoron notes some of the loans, if not most, require certification into the future. Solomon adds that Colony Capital’s contribution to the submission lays out what an appropriate interest rate would be, based on their 25 years' worth of experience, but instead, Deutsche Bank became the lender on the basis of false and fraudulent financial information.We are now reviewing the proposed refinancing terms of two loans associated with Donald Trump’s Chicago building.
She testified at her investigative deposition that she assumed her father had personal financial statements, but she was not involved in them. Pressed today during her testimony as to whether she knew he had them, she said she was not involved in them and did not know about his personal statements per se, other than what the AG's office showed her.
That story goes like this: Unable to find financing with acceptable interest rates, Ivanka was rescued by Rosemary Vrablic, who offered an interest rate that was almost too good to be true in exchange for two key variables: a personal guarantee from Donald Trump and a minimum net worth of $2-3 billion, exclusive of the estimated value of his brand. These were not incidental to Deutsche Bank’s decision to lend; they were, in fact, instrumental to that decision.
You might be wondering why these are relevant, especially given Ivanka’s lack of recall of the terms under discussion, such as the specific interest rates at issue. She affirms that she has not worked for the Trump Org. since leaving the White House but acknowledges having a financial interest in the proceeds from the Old Post Office project in Washington, as well as a financial interest in a consulting agreement with TTT Consulting, through which she received distributions.Ivanka has taken the stand and is in the course of reviewing her educational and professional history with Lou Solomon of the AG’s office.
The attorney general’s lawyers are also ensconced at their table and preparing for the day ahead; lawyer Colleen Faherty, who examined Don Jr., appears to be in good spirits and is talking now with James.As we already know, Ivanka, a former executive vice president of the Trump Org. with broad responsibility across its real estate and hotel management portfolios, was dismissed from the case over the summer.
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