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Donald Trump Jr., executive vice president of development and acquisitions at Trump Organization Inc., speaks at the Turning Point Action conference in West Palm Beach, Florida, U.S., Sunday, July 16, 2023.
Donald Trump’s eldest son, Don Jr., is expected to begin testifying Wednesday in the civil fraud trial against the family and their business.
Donald Trump Jr. is named as a defendant in the $250 million lawsuit filed by the New York attorney general’s office against the former president, his company and several executives, including three of his adult children.
The lawsuit accuses Trump Jr. and his brother Eric of knowingly participating in a scheme to inflate their father’s net worth in order to obtain financial benefits such as better loan and insurance terms.
“As executive vice presidents, all three children were intimately involved in the operation of the affairs of the Trump Organization,” the complaint states.
In a deposition taken last year, Trump Jr. distanced himself from the financial statements Judge Arthur Engoron already ruled fraudulent in a summary judgment before the trial began.
“I wasn’t really involved in preparing the statement of financial position and I don’t really remember working on it with anyone,” Trump Jr. said.
“Again, people may have asked me tangentially about things that I gave them an answer to and they then used as a knowledge base to find anything, but, no, not specifically regarding, you know, knowledge. on the financial statements, » he added. Donald Trump Jr. worked in commercial leasing for Trump Org., including the 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 financial statements in 2017, 2018 and 2019.
He testified in his deposition that he relied on Trump Org’s accounting and legal services. when he signed the documents.
“These people would have a deeper understanding of the specifics of these things. And whoever brought me a document, if it was more about accounting, it was probably accounting. If it were more legal, it would be legal. And: “Hey, are we okay to sign this document?” Do you think this is honest and accurate? And if they agreed, they would have way more knowledge than I could ever accumulate, so I would sign it,” he testified.
Eric Trump, whose name was invoked in the trial over valuations of New York properties like Seven Springs and Briarcliff Manor, is expected to testify after his brother later this week.
Ivanka Trump was initially named in the lawsuit filed by New York Attorney General Letitia James, but an appeals court rejected the requests, saying they were too old. However, the AG’s office is still seeking to question Ivanka Trump about her involvement in a number of properties, among other matters, and she is tentatively scheduled to appear in court next week.