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Legalcivil Fraud Trial

All articles tagged with #legalcivil fraud trial

legalcivil-fraud-trial2 years ago•3 min saved

"Mar-a-Lago Takes Center Stage in Trump's Civil Fraud Trial"

In Donald Trump's civil fraud trial, his defense focused on the value of his Mar-a-Lago club in Palm Beach, Florida. Testimony from a real estate attorney and a luxury real estate broker emphasized the club's potential as a home, contradicting legal documents stating it should only be used as a club. The broker valued Mar-a-Lago at over $1 billion in 2021. The property's value is crucial to the New York state lawyers' claims that Trump fraudulently exaggerated its worth. Trump denies any wrongdoing and argues that his financial statements undervalued his assets. The trial also involves allegations that Trump deceived lenders by overstating the values of his prime assets, including Mar-a-Lago.

via The Associated Press|

#civil-fraud-trial #donald-trump #legalcivil-fraud-trial

legalcivil-fraud-trial2 years ago•3 min saved

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.

via Reuters|

#fraud #ivanka-trump #legalcivil-fraud-trial

legalcivil-fraud-trial2 years ago•4 min saved

Ivanka Trump's Testimony Reveals Gaps in Loan Recall and Family Defense

Ivanka Trump testified in a civil fraud case against her father's company, stating that she cannot recall details of property deals she worked on. A judge has already found Donald Trump and his two adult sons liable for fraud, ruling they inflated assets to secure favorable loans. Ivanka Trump, initially a co-defendant, fought to avoid testifying but was ordered to do so. The trial, filed by the New York Attorney General, seeks fines and restrictions on the Trump business. Ivanka Trump distanced herself from key documents and repeatedly stated she did not recall specifics. The trial is expected to last until mid-December.

via BBC.com|

#donald-trump #fraud #ivanka-trump

legalcivil-fraud-trial2 years ago•7 min saved

"Insights from Trump's Contentious Testimony in Civil Fraud Trial"

Donald Trump testified in his civil fraud trial, attacking the New York attorney general and the judge overseeing the case. Trump's rhetoric resembled his campaign speeches, and he accused the court of fraud. The judge initially tried to control Trump's speeches but eventually allowed him to rant. Trump was questioned about his financial statements and properties, including Mar-a-Lago and Trump Tower. He acknowledged mistakes in the statements but argued that banks are responsible for due diligence. Trump also praised his properties and claimed they were undervalued. The attorney general's office focused on loans from Deutsche Bank, alleging that Trump defrauded the bank with inflated financial statements. Trump claimed the loans were paid off and attacked the questioning. The trial is a non-jury trial, and the judge will decide the outcome.

via CNN|

#civil-fraud #donald-trump #judge-arthur-engoron

legalcivil-fraud-trial2 years ago•7 min saved

"Trump's Historic Testimony: Facing Fraud Allegations in $250 Million Civil Trial"

Former President Donald Trump is set to testify in his own $250 million civil fraud trial, where he is accused of relying on false financial statements to conduct business and enrich himself. New York Attorney General Letitia James plans to call Trump as the state's second-to-last witness. Trump has denied all wrongdoing and criticized James and the judge overseeing the case as politically motivated. The trial will determine additional actions and potential penalties for Trump and his adult sons, which could have significant implications for his business empire.

via ABC News|

#civil-fraud #donald-trump #financial-statements

legalcivil-fraud-trial2 years ago•9 min saved

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.

via The Associated Press|

#civil-fraud-trial #donald-trump #legalcivil-fraud-trial

legalcivil-fraud-trial2 years ago•12 min saved

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.

via CNN|

#donald-trump-jr #eric-trump #financial-statements

legalcivil-fraud-trial2 years ago•4 min saved

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.

via BBC.com|

#civil-fraud-trial #donald-trump-jr #financial-statements

legalcivil-fraud-trial2 years ago•2 min saved

"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.

via Reuters.com|

#civil-fraud-trial #donald-trump-jr #inflating-asset-values

legalcivil-fraud-trial2 years ago•4 min saved

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.

via NBC News|

#civil-fraud-trial #financial-statements #inflated-assets

legalcivil-fraud-trial2 years ago•2 min saved

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.

via Al Jazeera English|

#civil-fraud-trial #ivanka-trump #legalcivil-fraud-trial

legalcivil-fraud-trial2 years ago•3 min saved

"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.

via The Messenger|

#appraisals #civil-fraud-trial #eric-trump

legalcivil-fraud-trial2 years ago•3 min saved

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.

via New York Post |

#appraiser #civil-fraud-trial #eric-trump

legalcivil-fraud-trial2 years ago•4 min saved

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.

via PBS NewsHour|

#civil-fraud #donald-trump #lawsuit