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New York Attorney General Releases Parts of Trump Deposition Prior to $250 Million Lawsuit

Parts of a deposition given on August 10, 2022, by former US President Donald Trump ahead of a $250 million lawsuit from the City of New York has been released by the New York State Office of the Attorney General.

The 37-minute-long footage shows Trump being questioned by New York Attorney General Letitia James and Kevin Wallace, the attorney general’s senior counsel, as part of a civil investigation into the Trump organization’s business practices.

The investigation was followed by a $250 million civil lawsuit filed against Trump, his eldest children, his business, and its top executives for inflating his net worth, local media reported.

The footage starts with a statement read by Trump, beginning: “This is the greatest witch hunt in the history of our country. There has never been another president or perhaps even another politician who has been persecuted, harassed, and in every other way unfairly treated like President Donald J. Trump.”

He continued to disparage James, saying: "What Leticia James has tried to do the last number of years is a disgrace to the legal system, an affront to the New York State taxpayers, and a violation of the solemn rights and protections afforded by the United States Constitution.

“This whole thing is very unfair,” Trump said.

“Anyone in my position not taking the Fifth Amendment would be a fool, an absolute fool,” Trump continued. "The United States Constitution exists for this very purpose, and I will utilize it to the fullest extent and defend myself against this malicious attack by this administration, this attorney general’s office, and all other attacks on my family, my business, and our country.

“Accordingly, under the advice of my counsel and for all of the above reasons I respectfully decline to answer the questions under the rights and privileges afforded to every citizen under the United States Constitution. This will be my answer to any further questions,” he finished.

Following the seven-minute statement, Wallace asked Trump about his preparations with his counsel. Trump can be seen being handed a piece of paper from a person off-camera and asking: “Should I say this or should I respond to that?” to which the off-camera person replies: “Just read that.”

Trump read: “For all of the reasons provided in my answer, which is incorporated here in its entirety, I decline to answer the question.”

Local media reported that Trump gave this answer, or replied “same answer” more than 400 times throughout the course of the full interview, according to a New York attorney general court filing.

The New York attorney general’s civil case is scheduled to go to trial on October 2 this year, the report added. Credit: New York State Office of the Attorney General via Storyful

Video transcript

ZEF COTA: Good morning. You're going on the record at 9:38 AM, Eastern Daylight Time on August 10, 2022. Please note that the microphones are sensitive and may pick up whispering and private conversations. Please mute your phones at this time. Audio and video recording will continue to take place, unless all parties agree to go off the record.

This is media unit one of the video recorded deposition of Donald J. Trump, taken by counsel for in the matter of Financial Statements and Investigation for the State of New York, Office of Attorney General. The location of the deposition is 28 Liberty Street, New York, New York. My name is Zef Cota representing Veritext and I am the videographer. The court reporter is Linda Greenstein from the firm Veritext. I am not authorized to administer an oath.

I am not related to any party in this action, nor am I financially interested in the outcome. Counsel and all present, including those remotely, have been noted for the record. Will the court reporter please swear in the witness and then counsel may proceed?

LINDA GREENSTEIN: Will you raise your right hand, please? Do you swear or affirm that the testimony you intend to give is the truth, the whole truth, and nothing but the truth?

DONALD J. TRUMP: I do.

LETITIA JAMES: Good morning, Mr. Trump. My name is Letitia James and I'm the Attorney General of the great State of New York. Before we begin, if everyone can silence their cell phones, I will appreciate that. I wanted to begin with some preliminary rules and ground rules.

DONALD J. TRUMP: Sure.

LETITIA JAMES: If you don't mind, and then I'm going to turn it over to Kevin Wallace, who will conduct this examination. Mr. Trump, you've testified under oath many times. Is that correct?

DONALD J. TRUMP: Yes.

LETITIA JAMES: And so, I take it you were familiar with the ground rules for how testimony proceeds. Is that correct?

DONALD J. TRUMP: Yes.

LETITIA JAMES: So I'll skip that part of the introduction. Is that OK?

DONALD J. TRUMP: Sure.

LETITIA JAMES: OK, now-- and are you OK right now?

DONALD J. TRUMP: I am.

LETITIA JAMES: OK, good, good, good. What I will do is explain some differences between the procedures in a civil deposition and the testimony we are taking today, because this is an investigatory proceeding. You do not have a right to have an attorney with you in this investigation, but I have agreed that your attorney will be present today.

However, this examination is not the same as a deposition in ordinary civil litigation, and your attorney's role will be limited to consultation with you in order to give you legal advice regarding privileged matters, if any, or your right not to incriminate yourself. Notwithstanding any objection by your attorneys, you are still required to respond to any questions, unless your attorney specifically directs you not to answer. Anything you say in this examination may be used in a civil proceeding, and that could include a civil enforcement proceeding or a criminal action. Do you understand that?

DONALD J. TRUMP: I think.

LETITIA JAMES: Is that a yes?

DONALD J. TRUMP: I don't know what I did wrong, but the answer is yes. I do understand.

LETITIA JAMES: Thank you. You have the right to refuse to answer any question. If a truthful answer to the question would tend to incriminate you. Do you understand that?

DONALD J. TRUMP: Yes.

LETITIA JAMES: And any willful misstatement by you may constitute perjury. Do you understand that, sir?

DONALD J. TRUMP: Yes.

LETITIA JAMES: Finally, this investigation is confidential. We request that you not discuss this matter, your testimony here today, and any documents that you have produced or may produce in connection with today's testimony, with anyone other than your attorneys. Do you understand that, sir?

DONALD J. TRUMP: No. When you say confidential, we're not allowed to talk about this to the press?

LETITIA JAMES: Correct.

DONALD J. TRUMP: Oh.

- I believe what she means is what happened in this ro-- the details of what happened in this room. Obviously the--

DONALD J. TRUMP: OK. It's OK with me.

LETITIA JAMES: Yeah. The fact that it happened, yes, but not the details.

DONALD J. TRUMP: OK, fine.

LETITIA JAMES: Neither you nor anyone acting on your behalf has the right to obtain a copy of the transcript, over the testimony here today from the reporter. And neither you nor Veritext are permitted to release copies of the transcript to anyone other than representatives of this office, the Office of the Attorney General. Extensive note taking or any attempt to create a transcript of the proceedings here by you or your attorneys is not authorized and will not be permitted.

Are you taking any medication or drugs of any kind that make it difficult for you to understand or answer any of the questions today, sir?

DONALD J. TRUMP: No. An aspirin.

LETITIA JAMES: And are you feeling OK today?

DONALD J. TRUMP: Yes.

LETITIA JAMES: And are you sick today?

DONALD J. TRUMP: No.

LETITIA JAMES: OK. And do you have any conditions that could prevent you from giving full, complete, and truthful answers to any questions today?

DONALD J. TRUMP: No.

LETITIA JAMES: And is there any other reason why you cannot give full, complete, and accurate testimony here today?

DONALD J. TRUMP: Well, you have to tell me I'll be doing this.

LETITIA JAMES: Yes. No.

DONALD J. TRUMP: No, other than what I'm saying [INAUDIBLE].

LETITIA JAMES: I'm now going to turn it over to Kevin Wallace. Thank you, sir.

DONALD J. TRUMP: Thank you very much.

KEVIN WALLACE: Good morning, Mr. Trump.

DONALD J. TRUMP: Good morning.

KEVIN WALLACE: As the Attorney General mentioned, my name is Kevin Wallace. Sitting next to me is Alex Finkelstein from our office, and sitting next to him is Samantha Stern. He's a paralegal with our office. They're going to be assisting me during the day today. I'm going to take a moment just to correct one thing from the read in, is that we go off the record, not when both parties agree, but when the Attorney General directs that we are off the record during these proceedings. The Attorney General controls the record.

So Mr, Trump, what did you do to prepare for today's examination?

- You can start to-- you can read your sentence.

DONALD J. TRUMP: Very little.

- Read your statements.

DONALD J. TRUMP: If you'd like, I could read the statement, but very little.

KEVIN WALLACE: Um, well--

- (WHISPERING) Read the statement.

- Excuse me.

- Read the statement.

KEVIN WALLACE: Can we go--?

- Yes, he would like to.

KEVIN WALLACE: I will now use my moment to go off the record.

- Thank you. Sorry. Just read the statement.

ZEF COTA: You're going off the record at 9:44 AM. We're back on the record at 9:45 AM.

KEVIN WALLACE: Mr. Trump, I understand you have a statement that you wanted to read into the record.

DONALD J. TRUMP: Yes.

KEVIN WALLACE: Would you please? Feel free to start at any time.

DONALD J. TRUMP: Thank you very much. This is the greatest witch hunt in the history of our country. There has never been another President, or perhaps even another politician, who has been persecuted, harassed, and in every other way, unfairly treated, like President Donald J. Trump. What Letitia James has tried to do the last number of years is a disgrace to the legal system, an affront to the New York State taxpayers, and a violation of the solemn rights and protections afforded by the United States Constitution.

She developed a political platform and made a career out of maliciously attacking me and my business before she even understood or was elected or reviewed one of the millions of pages of documents we willingly produced. We willingly produced these documents. James proclaimed that she, quote, looks forward to going into the Office of Attorney General every day suing me, and then going home. This is during her campaign. She announced that she was obsessed with, quote, taking me on, taking me on.

And that her eyes were set on Trump Tower, quote, Trump Tower. She even assured her supporters, as an election promise, very strongly, that, quote, we're going to definitely sue him before she even knew anything about me. We're going to be a real pain in his ass. He's going to know my name personally. And she claimed I was on an illegitimate and that it was an illegitimate President, quote, illegitimate President.

In her AG speech, she promised to, quote, shine a bright light into every dark corner of Trump's real estate holdings. Shortly thereafter, she vowed to, quote, use every area of the law to investigate President Trump and his business transactions and that of his family as well. She knows nothing about us. This is when she knew absolutely nothing about us. It was very unfair. This whole thing is very unfair.

As a pretense for commencing her bogus investigation, Letitia James relied on the testimony of Michael Cohen, a convicted felon and liar. The Southern District of New York astutely described Cohen as a man who, quote, repeatedly used his power and influence for deceptive ends by engaging in, quote, extensive, deliberate, and serious criminal conduct consistent with a, quote, pattern of deception that permeated his professional life. This was in a long many page statement by him.

It only gets worse. This is the witness, a stone cold loser. The real loser that she used to justify her obsessive work, her obsessive investigation of me, even though he got in civil and criminal trouble for representing himself on a taxi cab company that he had, and other things, and also others as a lawyer. I once asked, if you're innocent, why are you taking the Fifth Amendment? I was asking that question. Now I know the answer to that question.

When your family, your company, and all the people in your orbit have become the targets of an unfounded politically-motivated witch hunt, supported by lawyers, prosecutors, and even the fake news media, you really have no choice. We cannot permit a renegade and out-of-control prosecutor to use this investigation as a means of advancing her political career. New York deserves better and this country deserves better. Being a prosecutor is a very important thing.

This is a vindictive and self-serving fishing expedition, the likes of which this country has perhaps never seen before. If there was any question in my mind, the raid on my home two days ago, Mar-a-Lago, Palm Beach, Florida, by the FBI just two days prior to this deposition, think of it, wiped out any of that uncertainty. I have absolutely no choice, because the current administration and many prosecutors in this country have lost all moral and ethical bounds of decency.

Anyone in my position not taking the Fifth Amendment would be a fool, an absolute fool. One statement or answer that is ever so slightly off, just ever so slightly, by accident, by mistake, such as it was a sunny, beautiful day when actually it was slightly overcast would be met by law enforcement at a level seldom seen in this country because I've experienced it.

The United States Constitution exists for this very purpose, and I will utilize it to the fullest extent and defend myself against this malicious attack by this administration, this Attorney General's office, and all other attacks on my family, my business, and our country. Accordingly, under the advice of my counsel and for all of the above reasons, I respectfully declined to answer the questions under the rights and privileges afforded to every citizen under the United States Constitution.

This will be my answer to any further questions.

KEVIN WALLACE: Um, included among the rights and privileges afforded every citizen under the United States Constitution, does that include the Fifth Amendment right to avoid incrimination?

- Yes.

KEVIN WALLACE: Is that your counsel?

DONALD J. TRUMP: Yes.

KEVIN WALLACE: OK. OK. I will just note for the record that was a lengthy statement. Obviously, we disagree with the characterizations, but to keep today's proceedings moving, I'm going to move on to my questioning. So Mr. Trump, I take it you are not going to answer any questions about your preparation today with your counsel, is that correct?

DONALD J. TRUMP: When-- should I say this or should I respond to that?

- Through them.

DONALD J. TRUMP: For all of the reasons provided in my answer, which is incorporated herein in its entirety, I decline to answer the question.

KEVIN WALLACE: OK. Um, Mr. Trump, the focus of our investigation and what we are primarily going to cover today involves the presentation of your Statements of Financial Condition between 2011 and the present. I take it you are generally familiar with those statements, is that correct?

DONALD J. TRUMP: For all of the reasons provided in my answer, which is incorporated herein in its entirety, I decline to answer the question.

KEVIN WALLACE: Um, did you review any of those statements from the period 2011 to 2021 during your preparation for today's testimony?

DONALD J. TRUMP: For all of the reasons provided in my answer, which is incorporated herein in its entirety, I decline to answer the question.

KEVIN WALLACE: Counsel, I think we can all stipulate that if he says same answer, we will all understand it to be the same invocation.

- That's correct.

KEVIN WALLACE: To speed things up. OK.

- No problem.

KEVIN WALLACE: With that note, sir. You are currently the President of the Trump Organization, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: And when I refer to the Trump organization, is it accurate to describe that as the trade name for an umbrella organization that holds assets beneficially owned by you?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: Is it fair to say that the Trump organization sits on top of several hundred different legal entities?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: Are the assets of the Trump Organization currently held in irrevocable trust?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: Is that revocable trust the Donald J. Trump Revocable Trust dated April 7, 2014?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: And you are the donor of the assets in that trust, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: And you are the sole beneficiary of the assets in that trust, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: Why did you form that trust in April 2014?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: Who are the trustees when the trust was first founded?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: At some point, Allen Weisselberg and your son, Don, Jr., were the trustees, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: Did you ever consider retaining independent trustees to oversee the trust?

LETITIA JAMES: Same answer.

KEVIN WALLACE: At present, your son, Don, Jr., is the sole trustee, is that correct?

DONALD J. TRUMP: Same answer. OK.

- Thank you.

KEVIN WALLACE: Mr. Trump, the court reporter has handed you a document. It is a printout of an Excel spreadsheet, so it doesn't have a document number on it. But I'll represent to you that it is the supporting spreadsheet for your Statement of Financial Condition for the year June 30, 2011. Do you recognize the form of this document?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: This is the supporting data spreadsheet that was used to prepare your 2011 Statement of Financial Condition, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: The spreadsheet is used to calculate the valuations contained in the Statement of Financial Condition, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You reviewed this document with Allen Weisselberg before it was finalized as part of the 2011 Statement of Financial Condition, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You reviewed this document with Jeff McConney before the 2011 Statement of Financial Condition was issued, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You reviewed and approved the valuations and valuation methods contained in this document before it was finalized, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: And you approved the valuations and valuation methods contained in this document before it was finalized, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: The valuations contained in this document reflect false and misleading valuation statements, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You were aware at the time this is finalized that the Statement of Financial Condition for 2011 contained false or misleading statements, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: In preparing the 2011 Statement of Financial Conditions, Allen Weisselberg and Jeff McConney worked at your direction and followed your instructions and inflated asset valuations on the Statement of Financial Conditions by employing false or misleading assumptions, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: From at least 2005 through the present, you've had an ongoing agreement with Mr. Weisselberg and Mr McConney, that they would prepare the Statement of Financial Condition in a manner that included valuations that depended on false and misleading assumptions as a means of inflating reported values, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: From at least 2005 to the present, you have had an ongoing agreement with Mr. Weisselberg and Mr. McConney and others, that they would prepare the Statement of Financial Condition in a manner that included intentional over valuations, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: From at least 2005 through the present, you have had an ongoing agreement with Mr. Weisselberg and Mr. McConney and others, that they would prepare the Statement of Financial Condition in a manner that included false and misleading valuations statements, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: Quick off the record for one second?

ZEF COTA: We're going off the record at 1:51 PM. Can we just do [INAUDIBLE]?

- We're at 29, right?

ZEF COTA: We're back on the record at 1:53 PM.

KEVIN WALLACE: Mr. Trump, we don't have a hard copy of the next document, but I'm going to designate the document that is up on the screen as exhibit 29. This is an electronic copy of the supporting spreadsheet for your Statement of Financial Condition. It bears the production number. We say the document bears the production number Mazars NYAG 00161836. Do you recognize the form of this document?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: This is the supporting data spreadsheet for the 2019 Statement of Financial Condition, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: This spreadsheet was used to calculate the valuations contained in the Statement of Financial Condition, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You reviewed this document with Allen Weisselberg and your son, Donald Trump, Jr. before it was finalized as part of the 2019 Statement of Financial Condition, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You reviewed and approved the valuations and valuation methods contained in this document before it was finalized, is that Correct.

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: The 2019 Statement of Financial Condition contained false and misleading valuations and statements, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You knew at the time it was finalized that the year 2019 Statement of Financial Condition contained false and misleading statements, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: In preparing the 2019 Statement of Financial Condition, Mr. Weisselberg and Mr. McConney worked at your direction and followed your instructions to inflate asset valuations on the Statement of Financial Condition by employing false and misleading assumptions, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: Others in the accounting department also worked with Mr. Weisselberg and Mr. McConney to follow your instructions and inflate asset valuations on the Statement of Financial Condition by employing false or misleading assumptions, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: Mr. Trump, the court reporter has handed you a document that has been designated exhibit 30. It bears the production number DB NYAG 248537. It has a title Donald J. Trump Statement of Financial Condition, June 30, 2020. This is your Statement of Financial Condition for the year 2020, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You approved this document before it was issued, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You reviewed the valuations and valuation methods contained in this document before it's issued, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: This is-- we'll stop there actually and let me get another document.

- Oh.

KEVIN WALLACE: Samantha could you put up this one? Samantha has put up on the screen a document that bears the production number Mazars NYAG 00162291. Do you recognize the form of this document?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: This is the supporting data spreadsheet for the 2020 Statement of Financial Condition, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: This spreadsheet was used to calculate the valuations contained in the Statement of Financial Condition, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You reviewed this document with Allen Weisselberg before it was finalized as part of the 2020 Statement of Financial Condition, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You reviewed and approved the valuations and valuation methods contained in this document before it was finalized, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: So the 2020 Statement of Financial Condition contained false, misleading valuations and statements, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You knew at the time it was finalized that the 2020 Statement of Financial Condition contained false and misleading statements, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: In preparing the 2020 Statement of Financial Condition, Allen Weisselberg, Jeff McConney, and others worked at your direction and followed your instructions to inflate asset valuations on the Statement of Financial Condition by employing false or misleading assumptions, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: That's 31. Mr, Trump, the court reporter has handed you a document that has been designated as exhibit 32. It has the production number DB NYAG 405109. It is entitled Donald J. Trump Statement of Financial Condition, June 30, 2021. This is your two 2021 Statement of Financial Condition, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You approved this document before it was issued, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You reviewed the valuations and valuation methods contained in this document before it was issued, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: Sam, would you pull up the next document, please? Mr. Trump, Samantha has pulled up on to the screen a document that has the production number TTO 06166407, and we will designate this as exhibit 33. This is the supporting data spreadsheet for the year 2021 Statement of Financial Condition, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: This spreadsheet was used to calculate the valuations contained in the Statement of Financial Condition, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You reviewed this document with Allen Weisselberg and your son, Don Trump Jr. before it was finalized as part of the 2021 Statement of Financial Condition, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You reviewed and approved the valuations and valuation methods contained in this document before it was finalized, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: The 2021 Statement of Financial Condition contained false and misleading valuations and statements, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You knew at the time it was finalized that the 2021 Statement of Financial Condition contained false and misleading statements, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: In preparing the 2021 Statement of Financial Condition, Mr. Weisselberg, Mr. McConney, and others, worked at your direction and followed your instructions to inflate asset valuations on the Statement of Financial Condition by employing false and misleading assumptions, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: Can you go off the record?

ZEF COTA: We're going off the record at 2:00 PM.

KEVIN WALLACE: I'm just going get some water.

ZEF COTA: We're back on the record at 2:04 PM.

KEVIN WALLACE: Mr. Trump, for each year from 2011 to 2021, did you or someone acting at your direction sign-- actually, let's strike that question. Mr. Trump, for each year from 2011 to 2020, did you, or someone acting at your direction, sign an engagement letter with the Mazars' firm to prepare the Statement of Financial Condition?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: In the year 2021, did some-- did you, or someone acting at your direction, sign an engagement letter with Whitley Penn to you prepare your Statement of Financial Condition?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: For the years 2011 through 2020, did you, or someone acting at your direction, sign a representation letter to the Mazars' firm concerning the accuracy of the statements in the Statement of Financial Condition?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: For the year 2021, did you or someone acting in your direction sign a certification letter attesting to the accuracy of the Statement of Financial Condition for the Whitley Penn firm?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: We had a-- (WHISPERING) Do we want to do them? Yeah, two tap, 64. There.

LINDA GREENSTEIN: Thank you.

KEVIN WALLACE: Mr. Trump, the court reporter has handed you a document that has been designated as exhibit 34. It is a certification to Deutsche Bank from you, Donald J. Trump dated November 11 2014. If you could take a look at the second page of this document, is that your signature on page two?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: If you look at the first bullet point under point number one, it says attached hereto is guarantor Statement of Financial Condition as of June 30, 2014. Were you aware that this submission of your Statement of Financial Condition was a material term of your loan with Deutsche Bank?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: If you turn to the second page under 0.6, it states all of the representations and warranties made by guarantor under Section 9 little i to 9 little 46 in sections false assumptions, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You knew at the time the valuation was submitted to the IRS that the Seven Springs Appraisal Incorporated intentionally false assumptions about the development timeline for the site, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You knew at the time the valuation was submitted to the IRS that the Cushman appraisers adopted these assumptions intentionally to inflate the value of the easement donation, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You knew that inflating the appraised value would increase the tax deduction available to you, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You knew that your attorney, Sheri Dillon, asked the Cushman and Wakefield appraisers to inflate the value of the easement, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: Did you instruct her to get them to reach a higher value?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You are aware that approvals you would receive from the town of Bedford-- no, strike that. You were aware of the appraisals you would receive from the town of Bedford and its agencies for the development of the Seven Springs site, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You were aware of the restrictions that these approvals incorporate, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You're aware that the approvals restricted the number of lots that can be accessed from the town of Bedford, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You knew that the valuation submitted to the IRS incorporate assumptions that failed to acknowledge development restrictions imposed by the town of Bedford, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You submitted a valuation on the Seven Springs easement to the IRS knowing that the devaluation depended on an inflated number of lots, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: You knew that Miss Dillon would seek to conceal communications related to her work on the Seven Springs appraisal, is that correct?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: Looks like when we were transcribing, I may have talked about approvals from the town of Bedford. I may have muddled it and said appraisals from the town of Bedford.

DONALD J. TRUMP: Right. That's correct.

KEVIN WALLACE: I meant to say approvals. OK. Mr. Trump, going back to your Doral loan, is it correct that through the use of the inflated Statement of Financial Condition to obtain a favorable interest rate, that you were able to save approximately 6% per annum on interest payments owing on your $125 million in loans from Deutsche Bank?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: Regarding your Chicago property, is it correct that through the use of the inflated Statement of Financial Condition, you were able to save at least 4% per annum in the interest payments on loans from Deutsche Bank originating in 2012 in connection with the Trump International Hotel and Tower Chicago?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: With regards to your old post office property, is it correct that through the use of the inflated Statement of Financial Condition to obtain a favorable interest rate, you were able to save at least 5% per annum in interest payments on the construction loan of up to $170 million from Deutsche Bank?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: Is it correct that absent the $170 million construction loan from Deutsche Bank, you would not have obtained the ground lease on the old post office property or been able to provide the renovation to the property that occurred?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: Next question is about apartments held by your daughter at 502 Park Avenue. Do you know if the below market rent that she had on her rental apartments at 502 Park Avenue were provided in exchange for work performed as part of her responsibilities at the Trump organization?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: Do you know if the below markets purchase options that you provided your daughter on 502 Park Avenue apartments was made in exchange for work performed as part of her job at the Trump organization?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: Do you know if the benefits from any below market rents were reflected in any tax forms at the Trump organization?

DONALD J. TRUMP: Same answer.

KEVIN WALLACE: Do you know if the value of any below market purchase options were reflected as either gifts or compensation on any tax forms at the Trump organization?

DONALD J. TRUMP: Ah, same answer.

KEVIN WALLACE: We can go off the record.

LINDA GREENSTEIN: OK.

ZEF COTA: We're going off the record at 3:12 PM.

KEVIN WALLACE: While we're on [INAUDIBLE], do any mic--

ZEF COTA: We're back on the record at 3:12 PM.

KEVIN WALLACE: Mr. Trump, just back on the record.

ZEF COTA: And we're-- sorry.

KEVIN WALLACE: As I was saying, we are back on the record to confirm that we have completed our testimony today. Thank you for your appearance.

DONALD J. TRUMP: Thank you. Thank you, Kevin. Thank you everybody.

KEVIN WALLACE: Off the record.

- Thank you all for joining.

ZEF COTA: [INAUDIBLE] record at 3:13 PM, and this concludes today's testimony given by Donald J. Trump. [INAUDIBLE]