Trump sons testify in civil fraud trial against family business

  • 📰 washingtonpost
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

The former president’s adult sons both testified Thursday in a civil fraud trial against the Trump Organization stemming from a lawsuit by New York Attorney General Letitia James.

Donald Trump Jr. , sits with his attorneys at a civil fraud trial against him, his father and others tied to the Trump Organization in New York on November 2, 2023. Photo by Jeenah Moon/Bloomberg/Pool/EPA-EFE/Shutterstock NEW YORK — Former president Donald Trump’s adult sons both testified Thursday as part of a civil trial accusing them, their father and their business of committing a years-long fraud, with Donald Trump Jr.

Trump Jr. said he was not involved in the accounting that went into these statements, saying that the work of preparing them rested upon the company’s accountants. His decision to sign documents, he said, boiled down to trusting their work.“If they assured me in their expert opinion that these things were fine I would have been fine with that and signed off accordingly,” Trump Jr. testified while being questioned by Colleen Faherty, a member of James’s trial team.Trump Jr.

James sued the Trumps, the Trump Organization and two of its longtime executives last year alleging a decade-long fraud designed to score financial advantages in business deals. From 2011 go 2021, the lawsuit said, company executives purposely inflated the value of Trump’s net worth to save money in those deals.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 95. in BUSİNESS

Business Business Latest News, Business Business Headlines