Friday to testify at the civil fraud trial that accuses his father of exaggerating his wealth and the value of his assets to deceive banks and insurers.
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 Trump was on a video call about his father’s financial statement as recently as 2021. The family and company were aware by then that James’ office was looking into the statements. But Eric reiterated Friday that he had no memory of the call.
“I get thousands of calls,” he said, saying he picks up his phone at 5 a.m. and puts it down at midnight.a decade ago in appraisals of some Trump-owned properties, including a golf course where the family envisioned 71 high-end townhomes in New York’s suburban Westchester County. In an email at the time, McArdle said that “Eric Trump has lofty ideas on value,” assuming the townhouses would easily sell for $1,000 per square foot.The Trump son has testified that he barely remembers McArdle.
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.