Eric Trump returns to the witness stand in the family business' civil fraud trial

  • 📰 AP
  • ⏱ Reading Time:
  • 62 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Eric Trump is back on the stand to testify at the civil fraud trial accusing his father of exaggerating his wealth and the value of his assets to deceive banks and insurers.

Eric Trump, center, appears at the fraud trial for his father, former President Donald Trump, at New York Supreme Court, Thursday, Nov. 2, 2023. Eric Trump steps out of the courtroom during a break in proceedings at New York Supreme Court, Thursday, Nov. 2, 2023, in New York. Eric Trump, center, appears at the fraud trial for his father, former President Donald Trump, at New York Supreme Court, Thursday, Nov. 2, 2023.

It’s the second day of testimony from Eric Trump, who helps run the former Republican president’s real estate empire that is nowEric Trump, an executive vice president of the Trump Organization, testified on Thursday that he wasn’t involved with financial statements at the heart of the case. James’ office says those documents were fraudulently exaggerated to secure loans and make deals.

Another executive of his father’s company testified that Eric was on a video call about his father’s financial statement as recently as 2021. But the son insisted he had no recollection, telling the court: “I’m on a thousand calls a day.”At Donald Trump’s civil trial, appraiser recalls Eric Trump’s ‘lofty’ views on property valueDonald Trump and other defendants — including sons Donald Jr. and Eric — deny any wrongdoing.

The Trumps are being summoned to the stand by James’ office, but defense lawyers will also have a chance to question them and can call them back as part of the defense case later. Judge Arthur Engoron has ordered that a court-appointed receiver take control of some Trump companies, putting the future oversight of Trump Tower and other marquee properties in question. But an appeals court has

 

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:

 /  🏆 728. in CA

Canada Canada Latest News, Canada Canada Headlines