An executive from Donald Trump’s primary bank testified Tuesday that it’s impossible to know how much the former president is worth, according to a new report.
Trump’s lawyers asked Deutsche Bank managing director Dave Williams if he could calculate the former president’s exact worth in the courtroom where former president faces a $250 million civil fraud trial, ABC News reports.
"I don't believe that is possible," Williams replied. "I think an individual's net worth as reported is largely subjective.”
Williams’ statement backs Trump’s defense that he did not inflate Trump Organization’s value to defraud its lenders, as New York Attorney General Letitia James contends he did.
The banker also testified that Deutsche Bank was more conservative in its estimates of Trumps’ assets, ABC News reports.
“We expect clients provide information to be accurate,” Williams said. “At the same time, it's not an industry standard that these financial statements are audited.
"I think it's a difference of opinion.”
Judge Arthur Engoron previously ruled Trump was liable for fraud; the ongoing trial will assess damages.
