Deutsche Bank’s Enamored Affair with “The Donald” Revealed in Trial
Moby Don Trump's Fraud Trial Victim Praised as Lucrative Whale by Deutsche Bank in Fawning In-House Documents
Deutsche Bank called Trump a whale in their documents while simultaneously being the supposed victim of his fraudulent trial. Moby Don indeed.
In the ongoing Trump civil fraud trial in Manhattan, Deutsche Bank’s representatives have left the courtroom in a state of unprecedented swooning. The bank, which had been accused of being defrauded by Donald Trump, surprisingly revealed that they actually thrived under the former president’s financial aura. Internal documents unveiled during the trial painted a vivid picture of the bankers utterly besotted with Trump’s billions.
According to the disclosed emails and briefings, some of them dating back over a decade, Deutsche Bank saw Trump as a paradisiacal figure—a wealthy and financially reliable “whale” who could open doors not only to his own colossal fortune but also to the riches of his influential network. Trump’s lawyers have consistently argued that there is no “victim” in this case, and the internal documents seem to support this notion.
“We are whale hunting,” former Deutsche Bank executive Rosemary Vrablic enthusiastically shared with her colleagues in an email from 2011, right after Trump’s son-in-law, Jared Kushner, extended an invitation for an introduction. To clarify, “whale hunting” is a term used to describe targeting individuals of exceedingly high net worth in the prospect of acquiring them as clients.
The adoration for their financial cetacean, whom they affectionately referred to as “The Donald,” permeated through the sheer excitement conveyed in internal emails during the early days of the Trump-Deutsche Bank relationship. The bank eagerly loaned Trump more than $400 million, which he utilized for his renowned ventures, including his iconic Miami golf resort, his towering Chicago skyscraper, and the prestigious Old Post Office in Washington, D.C. It was these ventures that bolstered Trump’s reputation as a billionaire developer and contributed to his eventual ascent to the White House.
The courtrooms reverberated with Vrablic’s breathless emails to her colleagues merely ten months into their banking relationship, declaring, “Given the circles this family travels in, we expect to be introduced to the wealthiest people on the planet.” Two years later, she jubilantly exclaimed, “The Chicago condos are selling like hotcakes!” During the trial, Vrablic defined this term as meaning “at a faster pace than we had expected,” eliciting laughter in the courtroom.
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Trump, the Defendant Who Turned the Tables
Although the New York Attorney General accuses Trump of defrauding Deutsche Bank out of over $100 million, the former president adamantly denies being the cause of any financial harm. The trial, which has entered its ninth week, not only places Trump under scrutiny but also subjects his company, the Trump Organization, and five long-standing executives, including his two eldest sons, to legal examination.
While the defendants have not been regular attendees at the trial, Trump was compelled to testify last month under a state subpoena. He is scheduled to testify again as the final defense witness on December 11. State Supreme Court Justice Arthur Engoron, who is presiding over the trial, has already ruled that a decade’s worth of Trump’s annual net-worth statements were fraudulent, exposing his exaggeration of asset values by at least $2 billion each year.
State Attorney General Letitia James conducted a three-year investigation before filing her fraud suit against Trump. She claims that Deutsche Bank was deceived into forfeiting over $100 million in interest income. This represents the interest the bank could have charged, using its own calculations, had Trump provided genuine information about his wealth. As a result, the state seeks to reclaim over $250 million through the trial, representing the illicit interest savings and more.
Within a year of Kushner’s introduction, Trump had moved $20 million in personal deposits to the bank, and even Donald Trump Jr. became a client. In a 2011 email, Vrablic prophesied, “Ivanka Trump will become a client for sure… She is the heir apparent of this empire.”
Attempting to Convert “Victims” into Allies, One Banker at a Time
The defense strategy is ingeniously employing current and former Deutsche Bank executives to undermine the fraud allegations against Trump. They argue that the bank conducted its own risk analysis, independent of Trump’s net-worth statements. Furthermore, they assert that the bank profited over $100 million in interest by the time Trump, who faithfully made all his payments, fully repaid his final loan only last month.
However, the state maintains that regardless of any non-victim-like behavior and profits, lying on financial documents to a bank is simply unacceptable. As lead state’s attorney Kevin Wallace argued, the critical point is that honesty is non-negotiable when it comes to financial transactions. The court will continue to hear testimonies from witnesses and experts as the defense presents its case.
Let’s hope that the trial concludes with a resounding stamp of justice, leaving no room for financial falsehoods in the realm of banking. In the meantime, we eagerly await Trump’s upcoming testimony, which promises to be a compelling finale to this captivating legal drama – a saga that brings us face to face with the intersection of wealth, deceit, and the pursuit of truth.
What are your thoughts on this trial? Is it a battle of wealthy egos or a fight for justice? Share your opinions below!
