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  • 2 years ago
Former Presiden Trump announces that the judge has ruled that 80% of the trial is dismissed due to the statute of limitations at the end of his first day in the NYC civil fraud trial.
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00:00 [BLANK_AUDIO]
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00:20 Well, I think that was very good.
00:36 That last five minutes was outstanding because the judge essentially
00:41 conceded that the statute of limitations that we want at the Court of Appeals
00:48 is in effect, therefore about 80% of the case is over.
00:52 I was going to come out and say that, as you know, we're not entitled to a jury,
00:58 which is pretty unusual in the United States of America.
01:01 So we think it's very unfair that I don't have a jury.
01:05 But the judge's last statement was very fair.
01:09 And if I read it right, I'll let perhaps one of the lawyers speak to it.
01:13 But Cliff, maybe you'll speak to it if you would.
01:16 But the way I interpret that and the way everyone else in the room seems to
01:19 interpret that is that the statute of limitations is a very real thing in
01:24 this country.
01:25 And that would be about 80% of this case would be over.
01:28 Could somebody speak to that please?
01:32 Cliff, you wanna talk about that?
01:33 >> Sure, so based on the judge's comments at the end of the trial today,
01:38 it would appear that he is agreeing that all of the transactions that
01:43 closed prior to 2014 are now out of the case.
01:46 >> Which is about 80% of the case.
01:50 And it's also something that we want on appeal, but
01:54 was not accepted by this court, but now seems to be accepted by this court.
01:59 As far as the jury is concerned, it's much different now,
02:04 I must tell you, than it was 20 minutes ago.
02:07 We were gonna come out and complain that in this country you're entitled to a jury.
02:11 But we very much appreciate the judge's decision today, or
02:16 his statement today on statute of limitations, which is a very big thing.
02:20 It's a limited time period.
02:21 And we did nothing wrong.
02:24 And if you look at the statements, they show that even in 2011,
02:27 I guess the number was 258 million in cash, a very strong company.
02:33 I don't believe we really, maybe I wouldn't do a couple of deals or
02:37 something, but I wouldn't have even needed to go to banks.
02:41 Banks loved our business, they loved our deals, they weren't defrauded,
02:44 they lost no money, they made money, they had the finest attorneys that there are.
02:49 Frankly, their attorneys were better than my attorneys.
02:52 And they made a lot of money, and they considered me a very good client.
02:59 I paid them back on time, on schedule.
03:02 There was no default.
03:04 They never even sent me a default letter, not one, for years.
03:07 Never got a default letter.
03:09 And there's no case here, there's no victim.
03:11 The banks aren't a victim, the insurance companies aren't a victim.
03:14 Everybody got paid.
03:16 It's a terrible, terrible thing.
03:17 This was for politics.
03:19 Now, it has been very successful for them because they took me off the campaign
03:23 trail, because I've been sitting in a courthouse all day long.
03:27 Instead of being in Iowa, New Hampshire, South Carolina, or
03:32 a lot of other places I could be at.
03:34 This is a horrible situation for our country, it's never happened before.
03:39 It's election interference.
03:41 They're interfering with the presidential election of 2024, and
03:45 the people of our country see it.
03:47 But this was a big, big, I say surprise, but it was a great credit to
03:52 the court that the judge was willing to do this.
03:55 He sort of overruled himself, and I greatly respect that.
03:59 Thank you very much, everybody.
04:01 Thank you.
04:01 >> And you'll not talk, Mr. President?
04:04 >> We may.
04:05 I'd love not to, I'd love to be campaigning instead of doing this.
04:09 Because I built a great company.
04:11 That's one thing people are seeing.
04:13 All the way back to 2011, and today, it's much bigger and much better.
04:18 And even much more liquid.
04:19 That was $258 million for real estate development.
04:23 That's a lot of money.
04:25 That was in 2011.
04:26 Today, it's much more than that, much, much more.
04:29 I built a great company and did great things for New York.
04:33 And they should respect that.
04:34 I've employed thousands and thousands of people in New York.
04:38 And they should respect that.
04:40 The Attorney General of this state is a disgrace.
04:43 Letitia James is a disgrace, she's a disgrace.
04:47 To our country and to the state of New York, she should focus on all of the
04:51 violent crime and the murders going on in New York, not on somebody that paid
04:55 back the banks in full without a default.
04:58 And in many cases, paid them back early.
05:00 Thank you very much, everybody.
05:01 [BLANK_AUDIO]
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