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Trump Inadvertently Admits He Committed Fraud During Rambling Press Brief

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Trump appears to admit that he committed fraud but asserts that it is not his fault during a rambling press brief.
Trump appears to admit that he committed fraud but asserts that it is not his fault during a rambling press brief. (Screenshot)

Former President Donald Trump appeared to inadvertently confessed to the very crimes he is being accused of during the second day of his high-profile fraud trial in New York. The trial, initiated by New York Attorney General Letitia James in September 2022, alleges that Trump and his associates fraudulently inflated real estate asset values, resulting in gains exceeding $100 million.

State Supreme Court Judge Arthur Engoron’s recent partial summary judgment, finding Trump guilty of business fraud and canceling his New York business certificates, set the stage for a high-stakes trial exploring the financial liabilities of Trump and his co-defendants.

Trump, perhaps unwittingly, admitted to the legitimacy of the accusations against him. Despite maintaining the authenticity of his organization’s financial documents, he argued that even if they were fraudulent, he should not be held accountable because it was up to the lenders and insurers to independently verify the information.

“Many, many warnings. Page one, page two, and many pages, it says, ‘Please, you must understand that you have to do your own due diligence.… Do not rely on anything, do not rely on the financial statements,’” he told reporters on Tuesday.

“Also, the financial statements are very strong in terms of cash, liquidity, and everything else. This case is a scam. There can’t be fraud when you’ve told institutions to do their own work,” Trump asserted.

Trump’s statements inadvertently became a de facto admission to the accusations, sparking a deluge of ridicule across social media platforms.

One user on X –formerly Twitter– compared Trump’s comments to saying, “Hey, if your bank doesn’t have good security, it’s all legal and cool to rob it.”

See other responses below.

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