Fusion GPS Co-Founder Glenn Simpson’s recently disclosed Senate testimony has cast completely new light on President Donald Trump’s nebulous business ties along with also financial history.
The 312-page transcript, released by Sen. Dianne Feinstein, D-Calif., on Tuesday over the reported objections of Sen. Chuck Grassley, R-Iowa, documents nearly 10 hours of testimony which delves into Trump’s purported wealth, the financial health of some of his properties, his business ties to disreputable figures along with also his public statements regarding his own finances.
Simpson said his intelligence-gathering firm did not have access to Trump’s personal tax returns beyond what had already been leaked to the media. nevertheless the firm, Simpson said, did secure Trump’s “tax bills,” by which the item concluded “which his statements about what individual properties were worth were greatly exaggerated.”
which exaggeration extended to the Trump Organization’s golf courses. Simpson said which his firm’s review of public financial statements showed which “they were not profitable entities.”
“I don’t specifically recall. I just remember which these were not doing very well along with also which he’d sunk a lot of money into them along with also he hadn’t gotten a lot of money back yet,” Simpson said.
Simpson’s allegations about Trump’s business relationships, particularly with convicted felon Felix Sater, contradicted statements Trump had previously made under oath.
Trump “testified under oath he wouldn’t know Felix if he ran into him from the street,” Simpson said. “which was not true.”
In a 2013 deposition, Trump had distanced himself by Sater, saying, “I don’t know him well at all,” along with also “if he were sitting from the room right today, I genuinely wouldn’t know what he looked like.”
“He knew him well,” Simpson said, “along with also, in fact, continued to associate with him long after he learned of Felix’s organized crime ties.”
Simpson’s claim stunned some observers.
“the item’s an allegation of perjury,” said Elizabeth McLaughlin, a retired lawyer along with also founder of the left-leaning Gaia Project for Women’s Leadership. “the item’s eye-popping.”
The White House did not respond to CNBC’s request for comment.