Donald Trump disclosed that 95% of the assets listed in his 2014 statement of financial condition departed from generally accepted accounting principles – known in the industry as GAAP – according to the defense’s expert witness Jason Flemmons.

The testimony from the defense’s accounting expert bolsters Trump’s argument that the departures from GAAP in his statements were adequately disclosed to lenders, making the lenders themselves responsible for drawing their own conclusions about the valuations listed in the documents.

“I totally lied on my statement of financial condition, but I told you that I lied, so I can say whatever I want!”