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He said accountants bear final responsibility for the net-worth statements Trump's on the hook for. When asked, the key defense witness could not estimate how much Trump is paying for his testimony. "How much of your bill has been paid and how much has not been paid," the judge asked. Engoron, in a pretrial decision, has already found Trump's net-worth statements were riddled with fraud. Testimony in Trump's defense case continues Friday.
Persons: , Donald Trump's, Jason Flemmons, Arthur Engoron, Flemmons, Trump, Letitia James, Kevin Wallace, Steven Collins, he's, James, Wallace Organizations: Trump, Service, New, Trump Organization, Securities, Exchange, what's Locations: York, New York, Flemmons
An ex-SEC accountant offered blunt testimony on Trump's net-worth statements. He noted "questionable" and "glaring" issues with the statements, despite being Trump's own witness. The not-so-ready cash was just one of nearly a dozen net-worth red flags identified Wednesday by Flemmons. And it certainly happened a lot in Trump's net-worth statements, by Flemmons' own description. "Blame the accountants" has been one of Trump's go-to defenses in his New York fraud travails, going back to the criminal payroll tax-fraud case his company lost a year ago.
Persons: , Donald Trump's, It's, Jason Flemmons, Flemmons, Trump, Arthur Engoron, Letitia James, Jesus Suarez, James, Donald Bender, Bender, Trump's, Kevin Wallace Organizations: SEC, Service, Trump Organization, Flemmons, Securities and Exchange Commission, New York, Trump, USA Locations: NY, New York, Manhattan
Ruth SimonRuth Simon is a New York-based reporter for The Wall Street Journal, where she covers small business and entrepreneurship. She has previously covered consumer lending, mortgages and housing, and reported for WSJ's Personal Journal and Money & Investing sections. Ms. Simon won a 2019 Best in Business Award from the Society of American Business Editors and Writers for her coverage of the impact of the labor squeeze on small business. She was part of a WSJ team that received a 2021 New York Press Club award for spot news coverage of the Paycheck Protection Program rollout. In 1995, she won the Award for Excellence in Financial Writing from the New York State Society of Certified Public Accountants.
Persons: Ruth Simon Ruth Simon, Simon, Gerald Loeb, Loeb, Organizations: Wall Street, Society of American Business, Writers, WSJ, New York Press, Money, Forbes Magazine, Distinguished Business, Financial, National Press Foundation, New York Newspaper Publishers Association, New York State Society of Certified Public Accountants, New York City, Society of Professional Journalists, Finance Locations: New York
New York CNN —Former President Donald Trump’s social media venture Truth Social is burning cash and piling up losses so rapidly that accountants warn it might not survive unless it soon completes a long-delayed merger, according to corporate filings. Trump Media and Digital World said the filing of the financial documents on Monday mark a key step forward towards finalizing their merger. That merger is key for the survival of Trump Media as it would unlock hundreds of millions of dollars in funding. The SEC filings indicate Trump Media lost $59.1 million in 2021 before posting a net profit of $50.5 million in 2022. Still, Digital World, the blank-check firm seeking to merge with Trump Media, is bullish on the venture.
Persons: Donald Trump’s, Elon Musk, Trump, “ TMTG, , Devin Nunes, ” Trump, Matthew Kennedy, TMTG, ” Kennedy, Kennedy, Matthew Tuttle, Donald Trump, Donald J, CNN’s Chris Isidore Organizations: New, New York CNN, Trump Media & Technology, SEC, Social, Trump, Trump Media, ” Trump Media, Big Tech, Renaissance, Tuttle Capital Management, Facebook, Securities and Exchange Commission Locations: New York
In preparing financial statements, also known as compilations, accountants need only documentation used to determine the value of assets, like Trump’s skyscrapers, golf courses and other properties. The firm cut ties with Trump last year and said his financial statements “should no longer be relied upon” after James raised concerns about their accuracy. James, a Democrat, alleges Trump, his company and top executives exaggerated his wealth by billions of dollars on the financial statements by inflating property values. On the stand Tuesday, Flemmons echoed Trump’s longstanding assertion that disclaimers on the financial statements insulated him from liability for discrepancies or misstatements. Trump has argued that, if anything, his financial statements undervalued how much his properties were worth.
Persons: — Donald Trump, Letitia James ’, Jason Flemmons, Donald Bender, Bender, he'd, , , Flemmons, James, Trump, Judge Arthur Engoron, “ It’s, ” Flemmons, Steven Witkoff, Trump’s, ” Engoron, Donald Trump Jr, Allen Weisselberg, ” Trump, Eric, Donald Trump, , Michael Organizations: USA, York, Trump Organization, U.S . Securities, Exchange Commission, Trump, Ankura Consulting, Mazars, Republican Locations: New York, Lago, Florida, Trump’s Doral , Florida, Michael Sisak, x.com
Nov 13 (Reuters) - Donald Trump Jr. testified on Monday about what he called the "sexiness" of his father's real estate portfolio, in his second time taking the stand in the former U.S. president's civil fraud trial. Donald Jr. said the "sexiness" of his father's real estate projects attracted licensing deals with other developers who wanted to emulate his style. "Let him go ahead and talk about how great the Trump Organization is," said Engoron, who has defended himself during the trial from allegations of bias from Trump and his lawyers. Donald Jr., Eric and Ivanka Trump said they were not involved in preparing their father's financial statements and left bookkeeping at the Trump Organization to accountants. Engoron has ordered the dissolution of companies that control pillars of Trump's real estate portfolio, including Trump Tower in Manhattan.
Persons: Donald Trump Jr, Donald Trump, Letitia James, Trump, Clifford Robert, Donald Jr, James, Arthur Engoron, Engoron, Colleen Faherty, Jane Rosenberg, Eric Trump, Ivanka Trump, Eric, Joe Biden, Jack Queen, Noeleen Walder, Daniel Wallis, Nick Zieminski, Jonathan Oatis Organizations: New York, Trump, Trump Organization, Court, REUTERS, Democratic, Republican, Thomson Locations: U.S, Manhattan, Hawaii, New York, New York City
Former U.S. President Donald Trump's son and co-defendant, Donald Trump Jr., attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., November 1, 2023. REUTERS/Mike Segar/Pool/File Photo Acquire Licensing RightsNov 13 (Reuters) - Donald Trump Jr. is set to testify again on Monday in his father's civil fraud trial, this time called by the defense to field questions about the former U.S. president's family real estate business. Donald Jr. has already been called as a witness by the attorney general’s office, along with his father and brother Eric Trump. Donald Jr., Eric and Ivanka Trump said they were not involved in preparing their father’s financial statements and left bookkeeping at the Trump Organization to accountants. Engoron has ordered the dissolution of companies that control pillars of Trump's real estate portfolio, including Trump Tower in Manhattan.
Persons: Donald Trump's, Donald Trump Jr, Mike Segar, Donald Trump, Letitia James, Trump, Donald Jr, Eric Trump, Ivanka Trump, James, Eric, Arthur Engoron, Engoron, Joe Biden, Jack Queen, Noeleen Walder, Daniel Wallis Organizations: U.S, Trump Organization, Court, REUTERS, New York, Trump, Democratic, Republican, Thomson Locations: New York, Manhattan, New York City, U.S
He said he never worked on the annual financial statements at the heart of New York Attorney General Letitia James’ lawsuit. James alleges Donald Trump, his company and executives including Eric and Donald Jr. exaggerated his wealth by billions of dollars on financial statements given to banks, insurers and others. On Monday, Trump Jr. will be questioned first by the defense lawyers representing him, his father and other defendants. When he became president in 2017, Donald Trump handed day-to-day management of his company to Eric and Donald Trump Jr. and named Trump Jr. as a trustee of a trust he established to hold his assets while in office. “I had an obligation to listen to the people with intimate knowledge of those things,” Trump Jr. testified.
Persons: , Donald Trump’s, Donald Trump Jr, who’ll, quizzed, Eric, Ivanka Trump, Letitia James ’, James, Donald Trump, Donald Jr, Judge Arthur Engoron, Michael Cohen, Engoron, Christopher Kise, , , I’m, Trump, , ” Trump, Allen Weisselberg, Michael Organizations: Trump Organization, York, Trump, Democrat, New York, Trump Jr, ” Trump Jr Locations: New York, New, Michael Sisak, x.com
CNN —Three individuals have been arrested on charges of operating a “high-end brothel network” in Massachusetts and Virginia with a clientele that included elected officials, military officers and government contractors with security clearances, the Justice Department announced Wednesday. “Pick a profession,” Joshua Levy, acting US attorney for Massachusetts, said of the sprawling client list during a press conference in Boston. The three individuals, Levy said, transported women and advertised them online for pre-approved clients to choose from through several websites and ran the brothels out of apartments they rented. The agent said about 20 sex buyers were interviewed in connection with the multiyear investigation. One customer described getting a text of available options at a brothel, including the women available, the sexual services and the hourly rate.
Persons: , ” Joshua Levy, “ They’re, ” Levy, Han Lee, James Lee, Junmyung Lee, Levy Organizations: CNN, Justice Department, Homeland Security Investigations Locations: Massachusetts, Virginia, Boston, Massachusetts , California, Cambridge , Massachusetts, Torrance , California, Dedham , Massachusetts
CNN —Ivanka Trump’s appearance Wednesday was the highly anticipated conclusion to an unprecedented eight days of witness testimony that included Donald Trump and three of his adult children in the civil fraud trial brought by the New York attorney general’s office. Ivanka Trump proposed a change to lower the net worth requirement to $2 billion, in an email Solomon showed in court. Solomon asked Ivanka Trump whether the value of her purchase option was factored into her father’s financial statement. Discussions between Ivanka Trump and Jared KushnerIvanka Trump and her husband Jared Kushner worked in Donald Trump’s White House as senior advisers to the president. In addition to the Trump family, the attorney general’s office called former Trump Org.
Persons: Donald Trump, Trump, Donald Trump Jr, Eric Trump, Ivanka Trump, Louis Solomon, Solomon, Donald Trump’s, ” Ivanka Trump, , Jared Kushner Ivanka Trump, Jared Kushner, Kushner, , they’d, Allen Weisselberg, Jeff McConney –, ” Michael Cohen, Weisselberg, Arthur Engoron, – Engoron, Ivanka, ” Trump Organizations: CNN, New, Trump Organization, Deutsche Bank, Doral, Trump, Deutsche Bank’s, Deutsche, Capital, Post, Trump International, Trump Org, Ivanka Trump, Locations: New York, Ivanka, Florida, Doral, Washington
Ivanka Trump arrives for the civil fraud trial of her father former President Donald Trump at New York State Supreme Court on November 08, 2023 in New York City. Michael M. Santiago | Getty ImagesIvanka Trump, the eldest daughter of former President Donald Trump, began testifying Wednesday in the $250 million civil fraud trial that threatens her family's business empire. James accuses Trump Sr., Donald Trump Jr., Eric Trump and others of falsely inflating asset values to get tax benefits and other financial perks. The AG said she expects Ivanka "will do all that she can to separate herself" from the Trump Organization during her testimony. Engoron on Oct. 27 ordered Ivanka Trump to comply with subpoenas for her testimony without any limitations.
Persons: Ivanka Trump, Donald Trump, Michael M, Letitia James, James, Trump, Donald Trump Jr, Eric Trump, Timothy A, Clary, Ivanka, Arthur Engoron, She, Kevin Dietsch, Engoron, Donald Trump's, Jane Rosenberg Organizations: New York, Court, Santiago, Getty, Trump Organization, New York . New York, Manhattan, Post, D.C, Trump, Trump International, Waldorf, Deutsche Bank, Trump Jr, U.S Locations: New York City, New, New York ., Ivanka Trump, York, New York, Trump's Washington, Trump Doral, Washington ,, Manhattan, U.S
Ivanka Trump’s brothers, Eric Trump and Donald Trump Jr., who are co-defendants in the case, testified last week. Video Ad Feedback Analyst: Ivanka Trump isn't a 'secondary player' in fraud trial 04:12 - Source: CNN“Mr. Trump and Ivanka Trump participated personally in the bidding process in 2011,” the attorney general’s office wrote. “The record before us…indicates that defendant Ivanka Trump was no longer within the agreement’s definition of ‘Trump Organization’ by the date the tolling agreement was executed,” the order states. “The allegations against defendant Ivanka Trump do not support any claims that accrued after February 6, 2016.
Persons: New York CNN — Donald Trump’s, Ivanka Trump, Letitia James ’, badgered, Arthur Engoron, Engoron, Ivanka Trump’s, Eric Trump, Donald Trump Jr, Jared Kushner, Trump, Ivanka, , ” Engoron, , “ I’ve, I’ve, I’m, James ’, ” Trump, Bennet Moskowitz, Trump’s, Chris Kise, Donald Bender Organizations: New, New York CNN, Trump Organization, Ivanka, Trump, Doral, , Deutsche Bank, Mr, Post, CNN, GSA, Wharton School of Business, University of Pennsylvania, ‘ Trump Organization ’ Locations: New York, Manhattan, Florida, Chicago, Washington , DC, Trump, Mazars
A network of "sophisticated" high-end brothels in greater Boston and eastern Virginia provided sex for pay to "elected officials, high tech and pharmaceutical executives, doctors, military officers, government contractors that possess security clearances, professors," and others, federal prosecutors said Wednesday. Three people were arrested in connection with operating the pricey sex shops, which required "interested sex buyers" to provide employer information and references before booking sessions with prostitutes, authorities said. "The investigation into the involvement of sex buyers is active and ongoing," the office said. In addition to politicians and military brass, business executives and government contractors, customers included "lawyers, scientists and accountants." About 20 "sex buyers" were interviewed by the investigators as part of a multi-year probe of the network, according to a criminal complaint.
Organizations: Attorney's, Massachusetts, Washington , D.C, Department of Homeland Security Locations: Boston, Virginia, Cambridge, Watertown , Massachusetts, Fairfax, Tysons , Virginia, The Virginia, Washington ,, U.S
Courthouse in Boston, Massachusetts, U.S., November 28, 2018. The U.S. government meanwhile seized the domains for two websites tied to the prostitution ring, authorities said. Defense lawyers for the trio either did not respond to requests for comment or could not be immediately identified. Customers were charged $350 to $600, depending on the services and included politicians, pharmaceutical and technology executives, doctors, military officers, professors, lawyers, business executives, scientists and accountants, prosecutors said. Reporting by Nate Raymond in Boston, Editing by Alexia Garamfalvi; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.
Persons: John Jospeh Moakley, Katherine Taylor, Josh Levy, Han Lee, Junmyung Lee, James Lee, Levy, We're, Nate Raymond, Alexia Garamfalvi, David Gregorio Our Organizations: Courthouse, REUTERS, Rights BOSTON, U.S, Thomson Locations: John Jospeh Moakley U.S, Boston , Massachusetts, U.S, Boston, Virginia, Massachusetts, California, Massachusetts , Virginia, Cambridge, Watertown , Massachusetts, Fairfax, Tysons , Virginia
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
[1/10] 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. You’ve made it important, but it wasn’t," Trump said of the estimates. New York state lawyers argued in their lawsuit that the estimates misled lenders and insurers, earning him $100 million and exaggerating his wealth by $2 billion. Trump's crowded legal calendar threatens to take him off the campaign trail for much of next year. The trial was originally scheduled to run through early December but could wrap up sooner as the state calls its final witnesses this week.
Persons: Donald Trump, David Dee Delgado, Trump, Judge Arthur Engoron, Engoron, Letitia James, “ I’m, Trump's, Mr Kise, Christopher Kise, James, Eric, Donald Jr, Michael Cohen, Ivanka, Jack Queen, Luc Cohen, Andy Sullivan, Scott Malone, Lisa Shumaker, Grant McCool Organizations: U.S, Trump Organization, Court, REUTERS Acquire, New York, Trump, New York Democrats, Republican, Thomson Locations: New York, Manhattan, New York City, U.S, Doral, Florida, York, Lago, glower, New
I have no idea how it managed to reach Hong Kong,” he said. Gay Games organizers hit back at the opposition from Hong Kong lawmakers and have vowed the event will be a proud, non-political, celebration of inclusivity. A spokesman did not answer the first part and replied on the latter: “Any activity that takes place in Hong Kong must not contravene any laws of Hong Kong. One of Hong Kong leader John Lee’s top advisers and also a lawmaker, Ip has been one of the few Hong Kong politicians vocally supportive of the games. Meanwhile Chan Kwan-on, one of the Gay Games ambassadors in Hong Kong, urged critics not to jump to conclusions and come see for themselves.
Persons: Hong Kong CNN —, , , Junius Ho, Peter Shiu, Lisa Lam, Alan Lang, Hong, Tyrone Siu, Xi Jinping, Hong Kong, ” Wayne Morgan, , Lang, Regina Ip, John Lee’s, Ip, Chan Kwan, Organizations: Hong Kong CNN, Gay Games, Wednesday, firebrand, Beijing, CNN, Reuters, Gay, Valencia, Hong, Gay Sports and Movement Association, China’s Communist Party, ’ Gay Locations: Hong Kong, Asia, Mexican, Guadalajara, Beijing, China, Hong, Australian, Taiwan
On the issue of intent, in last week’s testimony, Donald Trump Jr. and Eric Trump both attempted to shift the blame onto their accountants. First, the judge has already rejected a key route Trump tried to avoid an admission that he intended to defraud the victims. He fined Trump’s lawyers for doing just that. Again, the attorney general wins whether Trump denies it, or whether he doubles down on what the judge has called Trump’s “fantasy world” financial claims. If the past is prologue, Trump likely will continue to deny liability: Blowing smoke is simply in the nature of a narcissist.
Persons: Dennis Aftergut, , kingpins, Donald Trump, Letitia James, , Jack Smith, Fani Willis, James, James ’, Arthur Engoron, Trump, Donald Trump Jr, Eric Trump, Ivanka Trump, Trump’s, Mary ”, ” Trump, don’t, Michael Cohen, brag, there’s, that’s Organizations: Defending American Democracy, CNN, New York, Trump Organization, Trump, US Justice Department, District, Prosecutors, Newsweek, Forbes, Department Locations: Fulton County , Georgia, York, New York,
CNN —Try to keep track of the galaxy of former President Donald Trump’s legal problems. The trial marks the first of Trump’s criminal cases expected to proceed. Federal criminal court in Florida: Mishandling classified materialTrump has pleaded not guilty to 37 federal charges brought by Smith over his alleged mishandling of classified documents. A federal judge threw out the lawsuit in November 2022. A New York judge dismissed The New York Times from Trump’s lawsuit regarding disclosure of his tax returns and ordered Trump to pay the newspaper’s legal fees.
Persons: Donald Trump’s, Trump, Teddy Roosevelt, Roosevelt, Woodrow Wilson, Barnes, Doris A, Lawrence H, Budner Theodore Roosevelt, Congress Trump, Letitia James, Judge Arthur Engoron, Donald Jr, Eric, Ivanka, Sarah B, Wallace, Jack Dempsey, Jean Carroll, Jack Smith’s, Joe Biden, Tanya Chutkan, Obama, Chutkan, Stormy Daniels, Attorney Alvin Bragg, Daniels, Michael Cohen, Juan Merchan, Fani Willis, Brad Raffensperger, Jenna Ellis, John Bazemore, Sidney Powell, Kenneth Chesebro, Ellis, Powell, Chesebro, Smith, Allen Weisselberg, Weisselberg, Peter Strzok, Michael Cohen’s, Cohen, William Barr, Judge Lewis Liman, Mary Trump Organizations: CNN, Trump, White House, New York Republican, White, Progressive, DeGolyer Library, Southern Methodist, Congress, New, . New York, Colorado voters, Capitol Police, Minnesota’s, Federal, Iowa Republicans, Supreme, Prosecutors, Manhattan, Attorney, Fulton, Georgia, Republican, Department of Justice, . Justice Department, Reuters, National Archives, Trump Organization, Former Trump Organization, US Capitol Police, Metropolitan Police, FBI, Justice Department, New York Times Locations: New York, Colorado, Washington , DC, Florida, Michigan, Washington ,, Washington, Colorado’s, Denver, Manhattan, Iowa, DC, York, Georgia, Coffee County , Georgia, Atlanta, nemeses, Trump's, Lago, Mar, Bedminster , New Jersey, Rikers
The sons of former President Donald Trump took the witness stand, casting blame on accountants and downplaying their alleged involvement at the heart of the $250 million fraud case.
Persons: Donald Trump
But his testimony was overshadowed by a testy back-and-forth between Justice Arthur F. Engoron and one the Trump lawyers over the judge’s law clerk, Allison Greenfield. The lawyer, Christopher M. Kise, repeatedly objected to the clerk communicating with the judge through notes and suggested she has a bias. In his testimony Friday, Eric Trump consistently batted away questions about what he knew of the Trump Organization’s financial statements, claiming he did not know the granular details. During hours on the stand on Thursday in State Supreme Court in Manhattan, Eric Trump and his older brother, Donald Trump Jr., had blamed outside accountants for errors in company financial statements. The documents are at the heart of the civil case, which accuses the brothers, their father and the family’s Trump Organization of defrauding banks and insurers.
Persons: Eric Trump, Donald J, Arthur F, Allison Greenfield, Christopher M, Kise, Greenfield, , , Donald Trump Jr, Letitia James Organizations: Trump, Court, family’s Trump Organization, Trump Organization Locations: Florida, Manhattan
Things grew heated when Amer apparently succeeded in undermining Eric Trump’s claims that he had little to do with his father’s financial statements. “I understand we had financials as a company,” Eric Trump said. Eric Trump replied: “It appears that way, yes.”In essence, both Trump sons are arguing that despite running the company, they knew nothing about its financial statements. In a bizarre passage of the trial, Trump attorney Chris Kise insisted: “I’m not a misogynist. CNN legal analyst Shan Wu said that neither the testimony of Eric Trump nor the strategy of attacking court personnel seemed like a smart approach.
Persons: Donald Jr, Eric, Hunt, , Donald Trump, Judge Arthur Engoron, Trump, Trump Organization –, Eric Trump, CNN Trump, Joe Biden, ” Trump, “ That’s, Andrew Amer, It’s, Amer, Eric Trump’s, , ” Eric Trump, ” Amer, Jeff McConney, Donald Trump Jr, Volodymyr Zelensky, ” Engoron, , Engoron, Chris Kise, I’m, Alina Habba, Shan Wu, Eric –, ” Wu, Wu, , Tanya Chutkan Organizations: CNN, Trump, New, Trump Organization, Justice Department, Republican, Wednesday, GOP Locations: New York, Trump, Florida, Washington ,,
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
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
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
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