Key Takeaways from Trump Family's Fraud Trial Testimony

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Source: The Guardian US
Key Takeaways from Trump Family's Fraud Trial Testimony
Photo: The Guardian US
TL;DR Summary

The fifth week of the New York fraud trial of Donald Trump saw his sons, Donald Trump Jr and Eric Trump, take the witness stand and testify that they had little knowledge about the financial statements at the center of the case. They blamed the company's accountants and lawyers for handling the statements, despite evidence showing their involvement. Both sons denied working on the statements, but documents revealed their signatures on deals that used the statements to confirm their father's net worth. The trial also heard that Trump Organization lenders lost an estimated $168 million due to inflated asset valuations. Tensions rose in the courtroom as Trump's lawyers objected to references to the judge's law clerk, leading to a heated argument and an expanded gag order.

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