Trial for civil fraud in New York.
According to allegations, ex-President Donald Trump intentionally inflated the value of his assets and properties owned by the Trump Organization in order to secure more favorable terms in business negotiations. The state claims this alleged scheme resulted in $250 million in profits for Trump and his co-defendants.
According to Donald Trump Jr., his father, the previous president, is a “brilliant” and “creative” individual who had a sharp ability to identify potential in real estate properties that others overlooked.
Donald Trump Jr. took the stand for the second time on Monday as the trial, currently in its second month, progressed into a different stage. The New York Attorney General’s office, led by Letitia James, concluded their presentation last week, allowing the defense team to present their own witnesses for the first time.
Moved to a designated servicer.
“I am uncertain about that,” responded Trump Jr.
Faherty ended her inquiry by referencing a different piece about a hotel in Waikiki, Hawaii that bears the Trump name. The owner is purchasing the Trumps’ management agreement and transforming the establishment into a Hilton.
“Did she ask if the Trump name is being removed?”
Donald Trump Jr. stated that the decision was a victory for the Trump family. “I have no problem with them purchasing it for millions of dollars,” he remarked.
Previous testimony given by Trump Jr.
On November 2 and 3, Trump Jr. was previously summoned to testify and stated that he depended on the Trump Organization’s accountants to create the financial statements that outlined his father’s assets.
At the time, the defense did not cross-examine Trump Jr. His brother Eric Trump, sister Ivanka Trump, and father, former President Donald Trump, were subsequently summoned to testify following Trump Jr.’s initial appearance.
On Monday, the defense lawyer stated that they plan to have Eric Trump testify again during the ongoing trial, which is predicted to continue until mid-December.
The Trumps who are younger have minimized their involvement in creating the financial records. In September, Engoron declared in a preliminary decision that the files falsely exaggerated Donald Trump’s riches by billions of dollars and the worth of specific properties by hundreds of millions. James’ office contends that this allowed his family and business to negotiate with banks and insurance companies for much more favorable conditions than they would have otherwise received.
All of Trump and his fellow defendants have denied any wrongdoing. The court case is continuing with other claims from the state’s civil lawsuit, such as falsifying business records and conspiring. The judge is also being requested to decide on “disgorgement,” which is the amount the state should be paid for any unlawfully obtained profits.