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Transcripts for MSNBC The Rachel Maddow Show 20220215 05:23:00

rankings, of course. during that toward trump at the size that the apartment was an astonishing 33,000 square feet. it turns out that was a lie. the apartment is only really about 11,000 square feet. huge to be sure, but actually a full three times smaller than he claimed. the president trump wasn t just lying to magazines, we know from documents filed in court last month by new york attorney general letitia james, that trump was making the same 30,000 square foot claim and financial statements he was using to get loans. new york city general is investigating that exact kind of inflation and deflation of trump s assets, which could amount to fraud. now you may be thinking, what difference does it make how many square feet the presidents claimed s apartment was? i know i ve lied about the size of my apartment. well, according to the court filings trump cfo allen

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Transcripts for MSNBC The Rachel Maddow Show 20220215 02:30:00

was used in those documents was wrong, i think you will see them run and from those documents i think it s text with definition of running. don t pay any attention to the last documents i gave you. i wonder, to what extent should we expect this development to affect the criminal probe being led by the manhattan s district attorney into trump s finances? we know there are parallel probes, right? is this going to bleed over into that? a civil case into the criminal case? i think it absolutely could. that case also depends on the same idea fraudulent representations about trump s financial worth. the statements are typically that he inflated some of his assets when it suited him. if he was seeking insurance, applying for a loan, looking for tax deductions. he would inflate to the tune of $200 million, overestimating the size of his apartment from

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Transcripts for MSNBC The Rachel Maddow Show 20220215 02:27:00

and this letter from his longtime accountant, very publicly bailing on the former president will likely make it very hard for him to find new partner is willing to refinance that debt. or let him take on future loans. i m not a lawyer, and i m sure not an accountant, but this all seems that. what does it mean, practically, for donald trump and for the new york attorney generals investigation into trump s finances. joining us now is barbara mcquade, former u.s. attorney for the eastern defect of michigan, barbara thanks as always for joining us. let s start first with this line from the letter about the missouri is having a non weibo conflict of interest against working with the trump organization, does that effectively mean that the missouri s are on the attorney general letitia james side now? i don t know exactly what it means, but it does say in the law, when a lawyer wants to quit, they typically use words

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Transcripts for MSNBC The Rachel Maddow Show 20220215 02:24:00

claimed s apartment was? i know i ve lied about the size of my apartment. well, according to the court filings trump cfo allen weissenberg conceded that trump had overstated the apartment by give or take $200 million. 200 million? give or take. attorney general james is still trying to get president trump and his adult children don jr., and ivanka. to sit for a deposition as part of her investigation. and today, on valentine s day no less we learn from new court documents that president trump s longtime accounting for, missouri s, which helped trump put together those financial statements, that firm is breaking up with them. in a letter to the trump organization dated last week, the accounting firm started by writing explicitly that all of these statements of financial condition, it put together with trump to evaluate his company s financial situation from 2011

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Transcripts for MSNBC The Rachel Maddow Show 20220215 05:24:00

weissenberg conceded that trump had overstated the apartment by give or take $200 million. 200 million? give or take. attorney general james is still trying to get president trump and his adult children don jr., and ivanka. to sit for a deposition as part of her investigation. and today, on valentine s day no less we learn from new court documents that president trump s longtime accounting for, mazars, which helped trump put together those financial statements, that firm is breaking up with them. in a letter to the trump organization dated last week, the accounting firm started by writing explicitly that all of these statements of financial condition, it put together with trump to evaluate his company s financial situation from 2011 to 2020, those should quote, no longer be relied upon. it continued, we have come to this conclusion, in part upon

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