Key takeaways:
- Donald Trump Jr. testified Wednesday in a civil fraud trial against his father’s real estate empire.
- The judge in the case has already found the Trumps and their company liable for fraud.
- Trump Jr. testified that he had limited involvement with the preparation of financial documents and had “no specific knowledge” of them.
Donald Trump Jr., the eldest son of former President Donald Trump, testified Wednesday in a civil fraud trial that threatens his father’s real estate empire. Trump Jr. stated that he never worked on his father’s financial statements, which are now at the center of the case.
The judge in the case has already found the Trumps and their company liable for fraud, determining that they manipulated financial statements to obtain favorable deals with banks and insurers. Eric Trump, the former president’s second son, is expected to be called back to the stand Friday. A lawyer for the New York Attorney General’s Office called his testimony “extremely favorable” to the state’s fraud case against the Trump family.
Donald Trump Jr. is an executive vice president of the family’s Trump Organization and has been a trustee of a trust set up to hold its assets when his father was in the White House. At least one of the annual financial statements bore language saying the trustees “are responsible” for the document. However, Trump Jr. testified that he had limited involvement with the preparation of financial documents that inflated the value of Trump Organization properties and his father’s wealth. He also said he did not recall ever working on any of the financial statements and had “no specific knowledge” of them.
The civil fraud trial is ongoing and is expected to continue for several more weeks. It remains to be seen how the testimony of Donald Trump Jr. and Eric Trump will affect the outcome of the case.
Be First to Comment