Trump dossier testimony shines new light on Trump’s financial ties

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Fusion GPS Co-Founder Glenn Simpson’s just lately disclosed Senate testimony has solid new gentle on President Donald Trump’s nebulous enterprise ties and monetary historical past.

The 312-page transcript, launched by Sen. Dianne Feinstein, D-Calif., on Tuesday over the reported objections of Sen. Chuck Grassley, R-Iowa, paperwork practically 10 hours of testimony that delves into Trump’s purported wealth, the monetary well being of a few of his properties, his enterprise ties to disreputable figures and his public statements relating to his personal funds.

Simpson stated his intelligence-gathering agency didn’t have entry to Trump’s private tax returns past what had already been leaked to the media. However the agency, Simpson stated, did safe Trump’s “tax payments,” from which it concluded “that his statements about what particular person properties have been price have been enormously exaggerated.”

That exaggeration prolonged to the Trump Group’s golf programs. Simpson stated that his agency’s evaluation of public monetary statements confirmed that “they weren’t worthwhile entities.”

“I do not particularly recall. I simply do not forget that these weren’t doing very nicely and that he’d sunk some huge cash into them and he hadn’t gotten some huge cash again but,” Simpson stated.

Simpson’s allegations about Trump’s enterprise relationships, notably with convicted felon Felix Sater, contradicted statements Trump had beforehand made underneath oath.

Trump “testified underneath oath he would not know Felix if he bumped into him on the street,” Simpson stated. “That was not true.”

In a 2013 deposition, Trump had distanced himself from Sater, saying, “I do not know him nicely in any respect,” and “if he have been sitting within the room proper now, I actually would not know what he appeared like.”

“He knew him nicely,” Simpson stated, “and, in reality, continued to affiliate with him lengthy after he discovered of Felix’s organized crime ties.”

Simpson’s declare shocked some observers.

“It is an allegation of perjury,” stated Elizabeth McLaughlin, a retired lawyer and founding father of the left-leaning Gaia Challenge for Girls’s Management. “It is eye-popping.”

The White Home didn’t reply to CNBC’s request for remark.

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