Letitia James’ ongoing lawsuit targets the Trump family and their organization, with Eric Trump scheduled to testify.
This non-jury civil trial centers on allegations that the Trump family misled banks and insurers by inflating their net worth in financial statements.
Eric Trump’s Upcoming Testimony
On Thursday, Eric Trump is expected to take the stand, following his brother, Donald Trump Jr., who testified on Wednesday.
Donald Trump Jr. admitted that he lacked professional training in generally accepted accounting principles and relied on accountants for financial statements at the Trump Organization. He also mentioned his reporting structure within the organization, starting with former Chief Financial Officer Allen Weisselberg and later transitioning to his father’s oversight once he became President.
Donald Trump Jr. maintained that his father did not make any business decisions while in the White House, emphasizing the separation between business and politics during the Trump presidency.
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Attorney General Letitia James’ Fraud Allegations
Ivanka Trump, who was initially part of the case but was dismissed as a defendant over the summer by a New York Appeals Court, was scheduled to appear for testimony on Friday.
However, her attorneys have filed a notice of appeal to the decision requiring her to testify.
The former president himself is expected to take the stand on Monday, adding further anticipation to this high-profile trial.
The lawsuit initiated by Attorney General Letitia James alleges that the Trump family and their associates committed numerous acts of fraud and misrepresentation in their financial statements.
The appellate ruling over the summer also limited the scope of the case to transactions that occurred after specific dates in 2014 and 2016, depending on the defendant.
The trial’s lack of a jury has been a point of contention, with the Trump camp criticizing the absence of a jury trial, claiming it denies the opportunity to expose the case’s alleged lack of merit.
Despite these challenges, the trial is moving forward under the oversight of Judge Arthur Engoron, who previously ruled that the Trump Organization had committed fraud by overvaluing assets and inflating net worth on official documents.
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