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☆ 'Shark Tank' host Kevin O'Leary says Trump losing his assets would deal 'collateral damage to the American brand'
▼ + stars: | 2024-03-25 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Kevin O'Leary said the threat of Donald Trump losing his New York assets is spooking investors. Speaking on Fox News on Friday, O'Leary said Trump should've been given more time to scrape up his $454 million bond. O'Leary said the idea that Trump's assets can be seized on such short notice has undermined the "American brand." AdvertisementEarlier this month, the former president successfully paid a $92 million bond as part of E. Jean Carroll's defamation case against him. Representatives for O'Leary, James' office, and Trump's campaign did not immediately respond to requests for comment sent outside regular hours by Business Insider.

Persons: Kevin O'Leary, Donald Trump, O'Leary, Trump, —, Letitia James, Donald Trump's, Laura Ingraham, Ingraham, " O'Leary, Judge Arthur Engoron, James, Justin Trudeau, who's, Trump's, Jean Carroll's Organizations: New, Fox News, Service, Conservative Party, United, Trump, Twitter, Business Locations: New York, American, York, America, Canadian, Canada, Ireland, United Arab Emirates, Westchester County

☆ Opinion: Trump’s facing a legal one-two punch
▼ + stars: | 2024-03-25 | by ( Opinion Norman Eisen | Andrew Warren | ) edition.cnn.com time to read: +9 min

CNN —Contrary to the popular view that former President Donald Trump has successfully delayed accountability, this week he’s facing a one-two punch that has the potential to inflict lasting damage. Some say that this case, too, serves as an example of Trump’s success at delaying prosecution against him. On March 18, Trump’s lawyers told the court that it was a “practical impossibility” to secure such a large bond. The bottom line, however, is that the New York attorney general is likely going to continue putting liens on Trump’s properties. Whatever delays may be present in those jurisdictions, or in Florida’s Mar-a-Lago documents case, in New York the former president is facing serious hits.

Persons: Norman Eisen, Barack Obama’s, Andrew Warren, Donald Trump, Attorney Alvin Bragg, Letitia James, Norm Eisen, Bragg, Trump, Stormy Daniels, Daniels, Michael Cohen, –, Cohen, SDNY, Judge Juan Merchan, Donald , Jr, Eric, Judge Arthur Engoron, James, general’s Organizations: CNN, US Department of Justice, New, Manhattan, Attorney, New York, Trump, Andrew Warren State, US, Office, Southern, of, Trump Organization, Seven, NY, DC Locations: Hillsborough County , Florida, New York, of New York, Westchester County , NY, Springs, Manhattan, New York City, Saudi Arabia, Russia, Georgia, Florida’s Mar

☆ Why this is a wild week for Trump even by his standards
▼ + stars: | 2024-03-24 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

But exemplifying the roller-coaster nature of his public career, Trump is also soon poised for a massive financial windfall. The case, related to payment to an adult film star ahead of the 2016 election, could lead to Trump being a convicted felon by November’s election. His legal team said last week the bond amount was a “practical impossibility” for Trump, whose wealth is tied up in skyscrapers and golf resorts. Trump’s legal team has also said he shouldn’t be required to sell assets to meet the deadline since doing so would create a fire sale devastating to his business. The White House has done its best not to comment on the case, to avoid giving Trump more political ammunition.

Persons: Donald Trump’s, impeachments, Trump, he’s, Joe Biden, It’s, Letitia James, Jean Carroll, James, subpoenaing Trump, –, litigator Mitchell Epner, ” Epner, Fredricka Whitfield, Biden, Arthur Engoron, ” Trump, Alexandria Ocasio, Cortez, Donald Trump, Juan Merchan, Michael Cohen, Trump’s, there’s Organizations: CNN, Trump, Republican Party, Trump Organization, New York, New, Biden White, , New York, Republican, ”, The New, The New York Democrat, Trump Media, Technology Group, Southern, of, White Locations: New York, Manhattan, Westchester County , New York, ,, Alexandria, “ State, The New York, of New York, Lago, America

☆ Here’s what happens if Trump can’t get a $464 million bond
▼ + stars: | 2024-03-24 | by ( Mark Morales | ) edition.cnn.com time to read: +8 min

Trump personally owes over $454 million stemming from the ruling made by Judge Arthur Engoron back in February. Here’s what happens if Trump can’t secure the bond:Seizing bank accounts and cashIn theory, officials can begin the complicated legal process of taking his assets, barring any other strategic legal maneuvering from state prosecutors and countering from Trump’s legal team. “They walk in and give it to the manager,” said Adam Pollock, a former assistant New York State Attorney General who now specializes in judgment enforcement at Pollock Cohen LLP. “The attorney general’s office is the largest firm in New York State, if you think about it as a law firm. That is really the end of the day, I think, for the Trump organization in New York,” Litman said.

Persons: Donald Trump’s, Trump, Judge Arthur Engoron, Eric, Donald Jr, Letitia James, they’ll, ”, Peter Katz, Marshall, Adam Pollock, Pollock Cohen, “, “ They’re, Alden B, Smith, Pollock, Pollack, ” Pollock, ” Smith, Tish James, Harry Litman, “ That’s, James “, ” Trump, Chris Kise, ” Kise, Jean Carroll, Litman, ” Litman Organizations: CNN, New York Attorney, Trump Organization, Eastern, of, New, New York City Sheriff, New York, Springs ., New York State, “, Trump Locations: York, New York City, New York, Westchester County, Briarcliff Manor, Springs, Lago, Florida, Mar

☆ As Trump's $454 million fraud judgment deadline looms, son Eric gripes 'they want to bankrupt him'
▼ + stars: | 2024-03-24 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

"They're trying to deprive him of his cash, they want to bankrupt him, they want to hurt him so badly," Eric Trump told Fox News in an interview. Trump's son Eric, a co-defendant in the fraud case, accused Attorney General Letitia James on Sunday of trying to bankrupt his father with the judgment. Eric's complaint came days after news that James's office had registered the massive fraud judgment with the Westchester County, New York, county clerk's office. Donald Trump Jr. and Eric Trump have run their father's company since he was elected president in 2016. Losers in New York civil cases must routinely post an appeal bond or be liable for the judgments against them as they appeal a verdict.

Persons: Donald Trump, Morton, Barbara Mandel, Eric Trump, Donald Trump's, James, Eric, Letitia James, Donald Trump Jr, Arthur Engoron, Trump, Engoron Organizations: U.S, Center, Fox News, Trump Organization, Trump Locations: Palm Beach , Florida, York, Westchester County , New York, Trump's, Springs, Manhattan, New York

☆ Trump stares down first derailment of his campaign-to-courthouse strategy
▼ + stars: | 2024-03-23 | by ( Phil Mattingly | ) edition.cnn.com time to read: +11 min

Yet even if the higher-end estimate is accurate, as Trump’s lawyers have made clear in sober, detailed filings, it wouldn’t be enough. And at least some of the money Trump does have is tied up in loan agreements that include terms requiring him to have tens of millions of dollars in cash on hand. One insurer, Chubb, underwrote a $91.63 million bond just two weeks ago in another Trump legal loss – E. Jean Carroll’s defamation case. In the past week, the insurer informed Trump’s team it could not accept property as collateral. In total, 30 insurers contacted by Trump’s team declined to pursue the effort to secure a bond.

Persons: Donald Trump’s, Letitia James, Trump, It’s, ”, –, James ’, “, Trump’s, Joe Biden’s, Biden, haven’t, SSRS, “ He’s, mused, Chubb, underwrote, Jean Carroll’s, ” Trump, Charlie Rose, “ You’re, I’m, ” Biden, ‘ Mr, ‘ Donald, ’ Organizations: CNN, New, White, New York, Trump, Republican, House, GOP, Senate, Capitol, Biden, Trump’s, Trump Media, Technology Group, Truth Locations: New York, York, Westchester County, Manhattan, Pennsylvania, Michigan, Dallas

☆ Here are 13 Trump properties that NY AG Letitia James can go after if he doesn't pay up
▼ + stars: | 2024-03-22 | by ( Laura Italiano | Dan Latu | ) www.businessinsider.com time to read: +1 min

Seven SpringsTrump's Seven Springs estate is one of the largest privately-owned properties in Westchester County, according to the Trump Organization website. The Washington PostOn March 6, state Attorney General Letitia James registered the civil judgment in the county of Westchester, according to Bloomberg, allowing her to seek the county sheriff's sale of two properties Trump owns there. One of those properties is Seven Springs, built in 1919 for the publisher of the Washington Post. At more than 200 acres, it is the largest privately-owned property in Westchester County, according to the Trump Organization's website. Trump fraudulently claimed the estate was worth $291 million in financial filings from 2012, 2013 and 2014, the judge in the civil fraud case found.

Persons: Letitia James, Trump Organizations: Trump Organization, Washington Post, Bloomberg, Trump, Forbes Locations: Westchester County, Westchester

☆ How NY's Judge Engoron is tightening the leash on Trump ahead of looming Truth Social merger and fraud judgement deadline
▼ + stars: | 2024-03-21 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

There are currently 415 entities — including the LLCs holding his physical properties — under the Trump Org umbrella. Trust Revocable Trust, which holds all of Trump Org's assets and for which Trump is the sole beneficiary. The judge also ordered on Thursday that Trump foot the bill for the additional staff needed for this extra monitoring. More penaltiesViolations of Thursday's order could result in the judge ordering more penalties against Trump Org, the judge warned. Trump and his three codefendants — Donald Trump, Jr., Eric Trump, and former Trump Org CFO Allen Weisselberg — owe a combined fraud-trial penalty of $467 million as of Thursday, according to a penalty calculator maintained by the Associated Press.

Persons: —, Donald Trump's, Trump's, Barbara Jones —, who's, Arthur Engoron, Trump, Engoron, Donald J, Jones, Letitia James, — Donald Trump , Jr, Eric Trump, Allen Weisselberg —, he's Organizations: Service, Wall Street, Business, Trump Organization, Trump Org, Trump, Trump's, Revocable Trust, New York, Associated Press, New, Bloomberg Locations: Trump's, New York, Westchester County, Manhattan, Seven Springs

☆ What about Don Jr.? What about Eric? Why Judge Engoron gave them lighter penalties than dad.
▼ + stars: | 2024-02-16 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

Donald Trump, Jr., and Eric Trump are executive vice presidents at the Trump Organization. AdvertisementSince January of 2017, Donald Trump, Jr., and Eric Trump have run their father's real-estate empire as "co-CEOs," as lawyers for New York's attorney general like to call it. "I was focused on pouring concrete," Eric Trump had said in a pre-trial deposition, during which he pleaded the Fifth some 500 times. Like his little brother, Don Trump, Jr., was guarded when called to the witness stand. In the litigation with the New York attorney general's office, Eric Trump and Donald Trump, Jr. have been primarily represented by Clifford S. Robert.

Persons: Donald Trump , Jr, Eric Trump, Don Jr, Eric, —, Donald Trump Jr, Arthur Engoron, Trump, Donald Trump, KENA BETANCUR, Letitia James, Engoron, James, Andrew Amer, Amer, that's, It's, Whitley Penn, Don Trump, Jr, David Dee Delgado, Ivanka Trump, Allen Weisselberg, Jeff McConney —, Barron, Tiffany Trump, Clifford S, Robert Organizations: Trump Organization, Service, New, Trump, Getty, — Locations: New York, York, AFP, Springs

☆ Trump civil fraud trial: What to know as the verdict nears
▼ + stars: | 2024-01-30 | by ( Dan Berman | ) edition.cnn.com time to read: +7 min

CNN —A New York state judge has the future of Donald Trump’s business empire in his hands. The civil lawsuit from New York Attorney General Letitia James, a Democrat, is seeking $370 million from Trump and the other defendants (the figure was originally $250 million). The back and forth between the judge, Trump and the former president’s lawyers during the trial was repeatedly heated. “What evidence do you have – I just haven’t seen it – that they knew that there was fraud?” Engoron asked. Furthermore, Trump says, companies like Deutsche Bank wanted to do business with Trump Org.

Persons: Donald Trump’s, Judge Arthur Engoron, Trump, Letitia James, Engoron, What’s, James, ”, Andrew Amer, Allen Weisselberg, Jeff McConney, Mr, ” Amer, “, ” Engoron, Donald Trump Jr, Eric Trump, Ivanka Trump, belittle James, colluding, ” Trump, I’m, “ It’s Organizations: CNN, New York, Democrat, Trump, disgorgement, Trump Organization, Trump Org, Deutsche Bank, Engoron Locations: York, New, Mar, New York, Westchester County , New York

Trump, who contends James’ lawsuit is part of a politically motivated “witch hunt” was demonstrative from the outset. Go out and do your own work,” Trump testified. “I considered this the most important job in the world, saving millions of lives,” Trump testified. Would you like to see it?”“I don’t think we’re allowed to open the windows,” Wallace said. “An incredible property … an unbelievable property ... a phenomenal property that fronts on the ocean.”“I don’t want to sell any of them,” Trump testified.

Persons: Donald Trump’s, —, Letitia James, ”, Trump, that’s, James ’, smirking, “, ” James ’, Judge Arthur Engoron, Trump’s, James, ” Trump, Banks, they’d, Allen Weisselberg “, ’ Don’t, “ You’re, Donald Trump Jr, Kim Jong Un, ” Wallace, Clifford Robert, LIV Organizations: Republican, Information, Trump, New, Trump Organization, Weisselberg, Doral Locations: York, Manhattan, New York, North Korea, Scotland, Doral, Miami, Springs, New York City, New York State, Aberdeen, Jupiter, Florida, Los Angeles, Lago, Saudi Arabia, British, Sisak, x.com

☆ Not a big ticket: Public stays away in droves as Donald Trump Jr. kicks off defense case at NY fraud trial
▼ + stars: | 2023-11-13 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Donald Trump, Jr. testified again in the NY fraud trial Monday – this time as a defense witness. Just four members of the public queued up to watch Donald Trump's namesake son testify as the first defense witness. AdvertisementAdvertisementDonald Trump, Jr. was in court Monday as his father's cheerleader-in-chief. When the judge told him, "Welcome back," Donald Trump, Jr. answered with a joke. "It was spectacular for quite some time," Donald Trump, Jr., said of Wollman Rink in Central Park, which the Trump Organization operated for the city from 1986 to 2021.

Persons: Donald Trump , Jr, —, Donald Trump's, Ralph Baker, Eric Trump, Letitia James, Trump, Clifford Robert, Colleen Faherty, Andrew Amer, Wollman Organizations: Service, Trump Organization, Yukon, Trump, Wollman Rink, Federal Reserve Locations: New York, Manhattan's, Klondike, Central Park, New York's Westchester County, New York City

New York CNN —Donald Trump Jr. returned to the witness stand Monday to give his family’s side of the story in the New York attorney general’s civil fraud trial against Donald Trump. portfolioTrump lawyer Cliff Robert spent most of the day asking Trump Jr. to walk through nearly the entire portfolio of the Trump Org. Faherty also asked Trump Jr. about Trump International Hotel Waikiki ditching the Trump name and rebranding. “Welcome back, I feel like I’m at a reunion here, the Trump trial reunion,” Engoron said as she was sworn in. In addition to Trump Jr., Trump attorneys have said they are likely to call back Eric Trump and the former president, both of whom also previously testified.

Persons: Donald Trump Jr, Donald Trump, ’, Arthur Engoron, gushed, ”, Engoron, Trump, Cliff Robert, Trump Jr, CNN “ He’s, ” Trump, Robert, Jack Nicklaus, general’s, Lago, Colleen Faherty, Faherty, Kevin Wallace, Chris, Kise, “ Engoron, “, he’s, ” Kise, “ You’re, Sherri Dillon, ” Engoron, Eric Trump Organizations: New, New York CNN, Trump Jr, Trump Organization, Trump Org, Trump, CNN, Trump International Golf Club, “, Trump National Doral Golf, Trump National Los, Trump International Locations: New York, Westchester , New York, West Palm Beach , Florida, Florida, Bronx, Angeles, Trump National Los Angeles, Doral, Engoron

☆ Future of Trump’s business empire could be hit by his fraud trial
▼ + stars: | 2023-11-08 | by ( Alicia Wallace | Nicole Goodkind | ) edition.cnn.com time to read: +6 min

Minneapolis CNN —The New York civil fraud trial of former President Donald Trump carries extremely high stakes for the self-proclaimed business mogul. “It’s between severe and seismic” as to the effects on Trump’s businesses, Thomas told CNN on Monday. Early last month, an appeals court judge paused the dissolution process for the duration of the ongoing $250 million fraud trial. A New York judge fined Donald Trump's family business the maximum penalty of $1.6 million for committing tax fraud. “[Trump] has largely been absent from the New York market for a long time,” he said.

Persons: Donald Trump, Trump, Will Thomas, Thomas, Arthur Engoron, Engoron, Victor J, ” Thomas, Adam Leitman Bailey, Bailey, ”, Alina Habba, they’re, “ They’re, Donald Trump's, Angela Weiss, you’re, — that’s, ” Trump, John Coffee, Trump’s, Jonathan Miller, Miller Samuel, ” Miller, it’s Organizations: Minneapolis CNN, The, University of Michigan’s Ross School of Business, “, CNN, Trump Organization, Trump, Bloomberg, Getty, Mar, New York, AFP, Columbia Law School, First Department, Miller Samuel Inc, New Locations: Minneapolis, York, Manhattan, New York, Westchester County , New York, Trump’s Florida, Aberdeen, Scotland, SoHo, New York City, AFP

Former U.S. President Donald Trump attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., November 6, 2023. Trump's testimony wrapped up in midafternoon. Over roughly four hours on the witness stand, Trump often avoided direct answers, instead bragging about his properties and his wealth. New York state lawyers said in their lawsuit that the estimates misled lenders and insurers, earning him more than $100 million and exaggerating his wealth by $2 billion. At one point when Trump was on the stand, Engoron asked Kise to take Trump to the back of the courtroom and "explain the rules."

Persons: Donald Trump, Eduardo Munoz, Arthur Engoron, Trump, Engoron, Christopher Kise, Ivanka, Letitia James, Alina Habba, I've, James, Kise, Eric, Donald Jr, Michael Cohen, Trump's, Jack Queen, Luc Cohen, Andy Sullivan, Scott Malone, Lisa Shumaker, Grant McCool Organizations: U.S, Trump Organization, Court, REUTERS Acquire, Companies Trump Organization, Trump, Republican, New, Deutsche Bank, Mar, Thomson Locations: New York, Manhattan, New York City, U.S, midafternoon, Doral, Florida, Springs, United States

☆ Key moments from Trump's testimony at New York fraud trial
▼ + stars: | 2023-11-06 | by ( Jack Queen | ) www.reuters.com time to read: +3 min

Former U.S. President Donald Trump speaks on the day he attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., November 6, 2023. Engoron at one point said Trump’s answers were repetitive and irrelevant and warned that he might dismiss Trump as a witness, though that never came to pass. "You’ve made it important, but it wasn’t," Trump said in reference to the New York Attorney General's office that brought the case. "This is a very unfair trial, very, very unfair, and I hope the public is watching," said Trump, a Republican who has accused elected Democrat James of political bias. Reporting by Jack Queen and Luc Cohen; Editing by Noeleen Walder and Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

Persons: Donald Trump, Shannon Stapleton, Arthur Engoron’s, Engoron, Trump, TRUMP, You’ve, Kevin Wallace, ” Trump, Letitia James, James, Jack Queen, Luc Cohen, Noeleen Walder, Grant McCool Organizations: U.S, Trump Organization, Court, REUTERS, Trump, New York Attorney, New York, Republican, Thomson Locations: New York, Manhattan, New York City, U.S, Doral, Florida, Springs, Aberdeen, Scotland

☆ At NY trial, Eric and Donald Trump Jr say they were not aware of fraud
▼ + stars: | 2023-11-02 | by ( Jack Queen | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +4 min

NEW YORK, Nov 2 (Reuters) - Eric Trump and Donald Trump Jr. both testified on Thursday that they had no involvement with documents that a judge has ruled were fraudulently manipulated to inflate the value of their father Donald Trump's business. Donald Jr. blamed accountants, both inside and outside the company. [1/2]Former U.S. President Donald Trump's son and co-defendant Donald Trump Jr. leaves after attending the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., November 2, 2023. James is seeking at least $250 million in damages, as well as a permanent ban on Trump, Donald Jr. and Eric from running businesses in the state. The trial is one of many legal troubles Trump must contend with as he campaigns to regain the presidency.

Persons: Eric Trump, Donald Trump Jr, Donald Trump's, Trump, Andrew Amer, Donald Jr, Judge Arthur Engoron, Michael Cohen, Brendan McDermid, Engoron, Letitia James, Hunt, Ivanka, Joe Biden, James, Eric, glowering, Jack Queen, Andy Sullivan, Scott Malone, Will Dunham, Lisa Shumaker, Jonathan Oatis Organizations: Trump, U.S, Trump Organization, Court, REUTERS, New York, Republican, Democratic, Thomson Locations: New York, Springs, New York City, Manhattan, U.S, Washington

☆ At NY Trial, Eric and Donald Trump Jr Say They Were Not Aware of Fraud
▼ + stars: | 2023-11-02 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +4 min

By Jack QueenNEW YORK (Reuters) -Eric Trump and Donald Trump Jr. both testified on Thursday that they had no involvement with documents that a judge has ruled were fraudulently manipulated to inflate the value of their father Donald Trump's business. Trump put the two in charge of the business while he served as U.S. president from 2017 to 2021. Eric Trump said he was not even aware of the financial statements that were used to secure loans and insurance that allowed the company to keep functioning. James is seeking at least $250 million in damages, as well as a permanent ban on Trump, Donald Jr. and Eric from running businesses in the state. The trial is one of many legal troubles Trump must contend with as he campaigns to regain the presidency.

Persons: Jack Queen, Eric Trump, Donald Trump Jr, Donald Trump's, Trump, Andrew Amer, Donald Jr, Judge Arthur Engoron, Michael Cohen, Engoron, Letitia James, Hunt, Ivanka, Joe Biden, James, Eric, glowering, Andy Sullivan, Scott Malone, Will Dunham, Lisa Shumaker, Jonathan Oatis Organizations: Jack Queen NEW, Trump, New York, Republican, Democratic Locations: New York, Springs, New York City, Manhattan, Washington

Donald Trump Jr. has become a high-volume defender of his namesake father, appearing often on television and social media. Eric Trump is more of a businessman than a politician, and has cast himself as the moderating voice within a polarizing family. Eric Trump has continued to attend the trial since, paying close attention to testimony about spreadsheets filled with valuations and the fine print of insurance deals. And when Eric Trump testifies this week, Ms. James’s lawyers are expected to question him aggressively on his role at the company. Eric Trump was, Ms. James’s team wrote in court papers, the company’s “chief decision maker.”

Persons: Donald Trump Jr, Donald J, Trump, “, —, Don, Eric —, ”, Trump’s, Eric Trump, Letitia James, Ivanka —, James, scowled, Eric, James’s Organizations: Trump Organization, Mr, New, Seven Locations: Westchester County, N.Y, Westchester

The back-to-back appearances Thursday from Donald Trump Jr. and Eric Trump – who both helped run the Trump Organization while their father was in the White House – comes ahead of the former president’s own testimony on Monday. Donald Trump Jr. and Eric Trump are co-defendants in the case, along with their father, the Trump Org., and several company executives. Eric Trump acknowledged he provided information to former Trump Org. But he tried to distinguish between specific statements of financial condition – his father’s personal financial statements at the heart of the civil case – and general financial records for the company. Some internal policies and methodologies “have been bolstered” since the investigation began, Trump Jr. said.

Persons: Donald Trump’s, Donald Trump Jr, Eric Trump –, –, Eric Trump, Andrew Amer’s, Jeff McConney, “, ” Eric Trump, Amer, David McArdle, wasn’t, “ That’s, McConney, Donald Trump, Trump, Faherty, Judge admonishes Trump, Chris Kise, Engoron, Kise, “ I’m, I’m, ” Kise, He’s, ”, She’s, Letitia James, It’s, Joe Biden, Hunt, ” Trump Organizations: New, New York CNN, The New York Attorney, Trump Organization, Trump Org, Cushman, Trump, Trump Jr, Deutsche Bank, Post, Trump International, White Locations: New York, Seven, Doral, Wakefield, Tower, Chicago, Florida, Washington , Florida, Georgia

☆ What to know about Donald Trump Jr.’s expected fraud trial testimony
▼ + stars: | 2023-11-01 | by ( Lauren Del Valle | ) edition.cnn.com time to read: +3 min

New York CNN —Donald Trump’s eldest son, Don Jr., is expected to begin testifying in the civil fraud trial against the family and their business on Wednesday. In a deposition taken last year, Trump Jr. distanced himself from the financial statements Judge Arthur Engoron has already ruled to be fraudulent in a summary judgment before the trial began. “I had no real involvement in the preparation of the Statement of Financial Condition and don’t really remember ever working on it with anyone,” Trump Jr. said. Donald Trump Jr. has worked in commercial leasing for the Trump Org., including the company’s 40 Wall Street property at issue in the lawsuit. Trump Jr. became a trustee of his father’s revocable trust when he took office and certified the statements of financial condition in 2017, 2018 and 2019.

Persons: New York CNN — Donald Trump’s, Don Jr, Donald Trump Jr, Trump, Eric, Arthur Engoron, “, ” Trump, ”, Eric Trump, Ivanka Trump, Letitia James Organizations: New, New York CNN, Trump Jr, “, Trump, Trump Org, New York Locations: New York, Seven, Briarcliff, New

Tuesday, Trump and Cohen are expected to be face to face in a New York courtroom as Cohen delivers testimony as part of the New York attorney general’s civil fraud case against the former president. When Cohen takes the stand, he will face down a very angry Donald Trump. Cohen is expected to testify about meetings with former Trump Organization Chief Financial Officer Allen Weisselberg and Trump regarding Trump’s financial statements and net worth. Cohen has claimed there were meetings with Weisselberg and Trump about Trump’s net worth before the financial statements were filed. Eric Trump said in a deposition for the case that he didn’t remember being involved in any appraisals for Trump properties.

Persons: CNN — Michael Cohen, Donald Trump’s, Cohen, Trump’s, ”, Trump, Donald Trump, ” Cohen, Letitia James, Michael Cohen, Eric Trump, CNN Trump, Judge Arthur Engoron –, –, Engoron, Allen Weisselberg, Weisselberg, “, Colleen Faherty, Attorney Alvin Bragg, Karen McDougal, Stormy Daniels, Bill Kelly, Mazars, Jeff McConney, Cushman & Wakefield, Ivanka Trump Organizations: CNN, Trump, New, New York, Trump Organization, Weisselberg, Trump ., Manhattan, Attorney, Playboy, Cushman &, Seven, Trump National Golf Locations: New York, Briarcliff Manor , New York

With Trump sitting feet away, Trump’s one-time lawyer and fixer described how he manipulated Trump’s financial statements – “reverse-engineering” them to hit an arbitrary net worth. We’re not worried at all about his testimony,” Trump said during a lunch break. The tense questioning is going to continue into Wednesday, as Habba hadn’t even started on the substance of Cohen’s testimony in the civil fraud trial. In the July 2014 letter submitting a bid to buy the Bills, Trump claimed his net worth was $8 billion. Before Engoron’s ruling, the state attorneys and Trump’s lawyers clashed over Michael Cohen’s testimony about the letter.

Persons: CNN — Michael Cohen, Donald Trump, Trump, –, Cohen, Trump’s, he’d, Quickly, intently, “, ” “ It’s, We’re, ” Trump, “ Heck, ”, Allen Weisselberg, ” Cohen, Allen, Alina Habba, Chris Kise, Habba, ” Cohen sneered, ” Habba, ” Kise, hadn’t, “ Mr, you’re, ’ you’re, Michael Cohen, Eric Trump, Arthur Engoron, general’s, ” Engoron, overruling, Engoron’s, Michael Cohen’s, Kise, Mazars, Bill Kelly, Tom Emmer, Emmer, RINO Tom Emmer, he’s Organizations: CNN, Trump, Trump Organization, Mr, United Nations Plaza, Miss, New, Buffalo Bills, Bills, Minnesota GOP Locations: York, Seven Springs, New York, Washington ,

☆ The Trump 'haircut': yes, Deutsche Bank really used this term in reducing what Trump said he was worth
▼ + stars: | 2023-10-11 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

On Wednesday, state officials called former Deutsche Bank banker Nicholas Haigh to the stand. He described the so-called Trump "haircut": routinely applied reductions to Trump's stated worth. AdvertisementAdvertisementThey called it the Trump "haircut." An excerpt from Deutsche Bank's internal records, showing the difference in what Trump's self-reported net-worth and his "haircut" worth. The attorney general countered that in lending to Trump, Deutsche Bank relied on both Trump's adjusted, worst-case, "haircut" worth and his self-reported worth.

Persons: Nicholas Haigh, —, Deutsche Bank – Donald Trump's, –, Kevin Wallace, Haigh, Trump, Bauer, Griffin, Eric Trump's, James, – Trump, Allen Weisselberg Organizations: Trump Org, Deutsche Bank, Service, Trump's, Deutsche, DB, New York Attorney, Trump, . Deutsche Bank, Trump National Doral, Trump International Hotel, Tower, Post, Trump Organization, AaronP, NY, Deutche Bank Locations: NY, York, Trump National Doral Miami, Chicago, Washington ,, Springs, New York

☆ Former Trump Org exec testified he accounted for multi-million dollar mansions not yet built when valuing a company at the request of Eric Trump
▼ + stars: | 2023-10-07 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

He said Eric Trump directed him to account for unbuilt mansions to inflate the value of a property. McConney detailed other methods he used to make Trump properties appear more valuable. AdvertisementAdvertisementA former Trump Organization controller testified that Eric Trump asked him to take into account homes not yet built by the company in order to inflate Trump's property values. McConney said he did this after a phone conversation with Eric Trump, who now serves as Executive Vice President for the Trump Organization. Attorneys for Donald Trump and Eric Trump did not immediately respond to a request for comment from Insider.

Persons: Jeffrey McConney, Eric Trump, —, Donald Trump, Arthur Engoron, Amer, McConney, NY Attorney General's, Andrew Amer, Allen Weisselberg Organizations: Trump Organization, Service, CNN, ABC, NY Attorney, McConney, Trump, Trump Org Locations: York, Westchester County , New York

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