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"Mar-a-Lago Takes Center Stage in Trump's Civil Fraud Trial"
2 years ago•Source: The Associated Press
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3.905 min•2 years ago
Ivanka Trump's Testimony Reveals Lack of Recollection in NY Fraud Trial
Ivanka Trump testified in a New York civil fraud trial that she did not recall details of real estate deals she worked on at her father's company, the Trump Organization. She sought to distance herself from the questionable valuation methods that have been ruled fraudulent by the judge overseeing the trial. The lawsuit by New York Attorney General Letitia James accuses Trump and his family businesses of manipulating real estate asset values to deceive lenders and insurers. Ivanka acknowledged working on the deals but claimed she was not involved in calculating Trump's net worth. She is not a defendant in the case.
4.445 min•2 years ago
Ivanka Trump's Testimony Reveals Gaps in Loan Recall and Family Defense
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Trump's Testimony and Family Drama: Clues to His Real Estate Empire Fight
Former President Donald Trump is set to testify in a civil fraud trial in New York, where he is fighting to save his real estate empire. Trump's testimony, following that of his children, Eric and Donald Jr., offers clues to his approach as a witness, showing parallels between his legal and political personas. Trump has a history of being combative, boastful, and sometimes vague in court proceedings. The trial centers around allegations that Trump inflated his net worth, leading to better interest rates and insurance rates. New York Attorney General Letitia James is seeking $250 million in penalties and a ban on Trump and his company doing business in New York.
Trump civil fraud trial: Live updates and shocking testimonies from his children
Tense exchanges unfolded in court as Eric Trump testified in the New York civil fraud trial, with Assistant Attorney General Andrew Amer presenting emails and phone conversations to argue that Eric Trump was aware of his father's financial statements used in real estate transactions. Eric Trump maintained that he was not personally aware of the statements and did not work on them. Meanwhile, Donald Trump Jr. testified that he relied on accountants and was not involved in the preparation of his father's financial statements. The trial centers around allegations that the Trump Organization inflated property values to obtain financial benefits.
Trump Jr. Testifies in New York Civil Fraud Trial
Donald Trump Jr testified in a civil fraud trial in New York, denying any involvement in the financial statements that are at the center of the case. The trial, brought by New York Attorney General Letitia James, aims to determine the penalty for the Trump Organization, which has been found to have exaggerated its wealth and falsified business records. Donald Trump Jr's testimony focused on his lack of familiarity with Generally Accepted Accounting Principles (GAAP) and his reliance on accountants. His siblings, Ivanka and Eric Trump, are also expected to testify in the coming days.
"Donald Trump Jr. Takes Stand in Father's $250 Million Fraud Trial"
Donald Trump Jr., executive vice president of the Trump Organization and co-defendant in a civil fraud trial, is set to testify on Wednesday in a New York trial accusing former President Donald Trump and his family businesses of inflating asset values to deceive lenders and insurers. This is one of the legal troubles Trump faces as he campaigns for the 2024 presidential election. The lawsuit, brought by New York Attorney General Letitia James, alleges that Trump and his adult sons inflated their assets by billions of dollars to secure better loan terms. Trump denies wrongdoing and has accused James and the judge of political bias. The trial also involves damages, with James seeking at least $250 million in fines and a permanent ban on Trump and his sons from running businesses in New York.
Trump Family Faces Spotlight in $250 Million Civil Fraud Trial
Donald Trump's sons, Donald Jr. and Eric, are set to testify at the $250 million civil fraud trial against the Trump family and their company in New York. The state Attorney General alleges that the Trump children knowingly participated in a scheme to inflate the company's assets to secure loans and insurance policies on favorable terms. The former president, Donald Trump, will also take the stand, followed by his daughter Ivanka. The attorney general's office will focus on financial statements, property valuations, and the Trump Organization's involvement in the case. The trial seeks damages and to bar Trump and his sons from serving as officers or directors of any New York corporation.
Ivanka Trump Ordered to Testify in Father's Fraud Trial
Judge Arthur Engoron has ruled that Ivanka Trump must testify in a civil fraud trial involving her father, former President Donald Trump, and the Trump Organization. The judge sided with New York state lawyers who argued that Ivanka was a relevant witness in the case, citing her continued ties to businesses in New York and ownership of Manhattan apartments. The trial, brought by New York Attorney General Letitia James, accuses the Trump family and executives of misleading investors to secure favorable loans and deals. Ivanka's lawyers had claimed she left the Trump Organization and New York in 2017, but the judge disagreed, stating that she had availed herself of doing business in New York.
"Eric Trump's Deposition and Valuation Controversy Take Center Stage at Civil Fraud Trial"
Eric Trump's deposition in the civil fraud trial in New York State Supreme Court is being questioned as witness testimony undermines his denials of involvement in appraisals of his father's golf club and the Seven Springs Estate. Emails presented in court show Eric Trump's deep involvement and interest in the appraisals, contradicting his previous claims. The trial centers around allegations that the Trump Organization used an inflated appraisal to obtain a tax break. The third week of the trial concluded with Eric Trump's testimony, and both former President Donald Trump and Donald Trump Jr. are expected to testify as well.
Trump Family Drama Unfolds at Civil Fraud Trial
Testimony at Donald Trump's civil fraud trial revealed that Eric Trump, the former president's son, pressured an appraiser to inflate the value of the family company's Westchester golf course beyond $45 million. The appraiser, David McArdle, testified that Eric Trump repeatedly pushed back on the predicted future value of residential units being developed at the Trump National Golf Club. McArdle stayed firm on the valuation range, fearing that valuing the property higher could put Eric Trump in a vulnerable position. The testimony came during the ongoing civil fraud trial against Donald Trump, Eric Trump, and the Trump Organization.
Key Witnesses Testify Against Trump in Civil Fraud Trial
Donald Trump attended his civil fraud trial as an employee and an outside appraiser testified that his company manipulated property valuations. Trump's star witness, Michael Cohen, postponed his testimony due to health issues. The trial revolves around allegations that Trump and his company deceived banks and insurers by inflating his net worth and asset values. Trump maintains his innocence and accuses the New York Attorney General of pursuing a political vendetta. The trial continues with claims of conspiracy, insurance fraud, and falsifying business records.