In a wide-ranging interview with an American media outlet, former President Donald Trump responded in detail to civil litigation from New York State Democratic Attorney General Letitia James.
On Wednesday, James announced that she filed a sweeping fraud lawsuit against former President Trump and his family members.
The lawsuit alleges that the Trump Organization intentionally “manipulated” valuations in order to convince financial institutions to lend them money on more favorable terms.
President Trump responded to the claims during a sit-down interview saying, that his company adds a very big disclaimer in their financial document saying, “it’s a very powerful disclaimer—it basically says to an institution, if you’re going to loan money, you have to go out and make sure that you get your own appraisers, your lawyers, —everything.”
He added, “these are banks that have the best lawyers in the world and buy the way, they got paid back. I never got a default—I paid them back because we have a lot of cash I paid them back, I paid them off. I have very little debt, unbelievably little debt.”
Meanwhile President Trump and his legal team continue to fight the Department of Justice in court over documents seized during the FBI’s unprecedented early morning raid of Mar-a-Lago with the issue being whether or not the documents there were declassified.
President Trump said, “if you’re the President of the United States—you can declassify just by saying ‘it’s declassified’ even by thinking about it because you’re sending it to Mar-a-Lago or to wherever you’re sending it and doesn’t have to be a process. There can be a process but there doesn’t have to be. You’re the present, you make that decision.”
