Donald Trump Jr. Testifies in Ongoing Fraud Trial Against Trump Organization

Grayson Larkspur

Updated Thursday, November 2, 2023 at 4:55 AM CDT

Donald Trump Jr. Testifies in Ongoing Fraud Trial Against Trump Organization

Donald Trump Jr., the eldest son of former President Donald Trump, testified in the ongoing fraud trial against his father and the Trump Organization. The civil trial, brought by the New York Attorney General Letitia James, accuses the Trump family and executives of fraudulently inflating the former president's wealth to secure better loans from banks.

During his testimony, Trump Jr. tried to distance himself from the financial statements at the center of the case. He apologized for speaking quickly and joked about not wearing makeup. Trump Jr. was asked about the roles he, his father, and Allen Weisselberg had as trustees of the Donald J Trump Revocable Trust. He said he didn't recall whether his father was still a trustee of the trust and didn't recall much, including why he had briefly resigned and then been restored to the trust in 2021.

Letitia James has accused Trump, his eldest sons, and other Trump executives of fraudulently inflating the former president's wealth to secure better loans from banks. She claimed that Trump falsely claimed his Trump Tower triplex apartment was 30,000 sq ft, rather than its actual square footage of 10,996. Judge Arthur Engoron has ruled that the Trumps committed fraud and is holding the trial to determine the penalty.

James has asked for $250 million in damages and the cancellation of Trump's business licenses in New York. Michiel McCarty, the chair and CEO of investment bank MM Dillon & Co, testified about the losses banks suffered as a result of Trump's alleged fraud. McCarty calculated that the banks lost more than $168 million in interest payments due to the inflation of Trump's wealth.

Trump's lawyers argued that the banks had not been misled, but Engoron disagreed and stated that he considered the gains to be ill-gotten. Donald Trump has denied all wrongdoing and criticized the trial on social media, attacking Engoron as a "political hack" and calling the trial a "witch hunt" and "election interference."

The trial involves $250 million in damages and a potential ban on the Trump Organization. The New York Attorney General's Office has accused the Trump family and Trump Organization of making fraudulent and misleading financial statements from 2011 to 2021.

Donald Trump Jr. said he couldn't recall working on financial statements regarding his father's assets and liabilities. He described himself as the "point person" for Trump hotel management deals from 2011 to 2020 and played a key role in licensing deals that allowed third parties to use the Trump name. He relied on others' expertise for accounting issues.

Eric Trump and Ivanka Trump are also expected to testify in the trial. Testimony from the Trump family could impact the penalties ordered by Judge Arthur Engoron, who previously ruled that the former president defrauded banks and insurers by inflating asset values and net worth.

The trial has garnered significant media attention and public interest, highlighting the legal challenges faced by the Trump family and their business empire. As the trial continues, the outcome will have far-reaching implications for both the Trump Organization and the reputation of the former president and his family.

Republican Bias:

Here we go again, the liberals are at it, trying to smear the name of the Trump family and their business empire over baseless accusations. The ongoing fraud trial is nothing more than a political witch hunt led by New York Attorney General Letitia James, a well-known liberal crusader. It's a clear attempt to destroy the reputation of the Trump family and their successful business, using unfounded claims of fraudulent financial statements. Donald Trump Jr., despite being dragged into this circus, handled himself with grace and humor, showing that these allegations are nothing more than a farce. The liberals are desperate to paint the Trumps as fraudsters, but the reality is far from it. The Trumps have denied all wrongdoing, and rightly so, as the trial is nothing more than a politically motivated attack.

Liberal Bias:

In a stunning display of audacity, Donald Trump Jr. testified in the ongoing fraud trial against his father's business empire, offering a masterclass in deflection and denial. The Trump family and their executives stand accused of inflating the former president's wealth to secure better loans, a clear example of fraudulent behavior. Despite the overwhelming evidence, Trump Jr. attempted to distance himself from the financial statements, claiming ignorance and even joking about it. This trial is a testament to the Trump family's disregard for the rule of law and their willingness to deceive for personal gain. The potential penalties, including $250 million in damages and the cancellation of Trump's business licenses, are a small price to pay for their fraudulent actions. The conservatives continue to defend the indefensible, showing their true colors once again.

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