"Donald Trump Jr. Takes Stand in Father's $250 Million Fraud Trial"

1 min read
Source: Reuters.com
"Donald Trump Jr. Takes Stand in Father's $250 Million Fraud Trial"
Photo: Reuters.com
TL;DR Summary

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.

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