Accountant's testimony sprawls into a 4th day at Trump business fraud trial in New York

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An accountant who prepared Donald Trump’s financial statements is back on the witness stand for a fourth day in the New York civil trial examining whether the former president exaggerated his wealth

MICHAEL R. SISAK and JENNIFER PELTZDonald Bender leaves the courtroom during a lunch break in a civil business fraud trial against former President Donald Trump, Wednesday, Oct. 4, 2023, in New York. Bender is an accountant testifying in the case.

James' legal team is working to show that Trump and his company had complete control over the preparation of the statements, with the accountants relying on information the Trump Organization provided. The defense has been trying to show that if there were problems with the financial statements, the flubs were accountant Donald Bender's fault. Trump lawyer Jesus M. Suarez on Thursday continued an exacting cross-examination of Bender, who worked on the statements for years.by inflating his assets' worth on the statements.the limited liability companies that control Trump Tower and some other prominent holdings and having a receiver operate them.

In an order Thursday, Engoron ordered both sides to submit names of potential receivers by Oct. 26. He also gave Trump and other defendants seven days to provide a list of all entities covered by the ruling. The list will go to a court-appointed monitor, retired federal Judge Barbara Jones. Engoron, seeking to prevent an end run around his ruling, told the defendants to give Jones advance notice of any application for new business licenses in any jurisdiction and any attempts to create new entities to “hold or acquire the assets” of a company that's being dissolved under the ruling.

 

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Accountant's testimony sprawls into a 4th day at Trump business fraud trial in New YorkAn accountant who prepared Donald Trump’s financial statements is back on the witness stand for a fourth day in the New York civil trial examining whether the former president exaggerated his wealth. Trump himself didn’t attend the proceedings Thursday. He had chosen to be there for the three prior days. The business fraud trial stems from New York Attorney General Letitia James’ lawsuit alleging that Trump and his business ginned up financial statements that vastly overvalued Trump Tower, Mar-a-Lago and other assets. Trump denies any wrongdoing. The witnesses so far have been two accountants who worked on the financial statements. The documents went to banks, insurers and others.
Source: AP - 🏆 728. / 51 Read more »