Eric Trump distances himself from father’s financial statements in New York testimony
November 02, 2023 09:23 PM
Donald Trump’s son testified on Thursday that he was not involved in preparing his father’s financial statements, which are at the center of a civil fraud case against the former president and several of his associates in New York.
Eric Trump, a co-defendant in the case and executive vice president of the Trump Organization, said on the witness stand, “I had no involvement and never worked on my father’s statement of financial condition.”
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The younger Trump was confronted by lawyers for Attorney General Letitia James about an email in which an associate asked him for information needed to complete certain financial statements. He was also asked about a call a witness testified about that appeared to conflict with his assertions that he had no role in preparing the statements.
“I’m on a thousand calls a day,” Eric Trump responded, saying he could not remember that specific call.
His testimony came right after his older brother, Donald Trump Jr., appeared on the stand to testify for a second day in a row in the case.
All three of Donald Trump’s adult children, Trump Jr., Eric Trump, and Ivanka Trump, have executive vice president roles at the Trump Organization. They were all originally defendants in the case, but Ivanka Trump successfully had her name dropped from it after arguing relevant statutes of limitations had lapsed.
She is expected to take the stand later next week, but on Wednesday, she filed an appeal in an attempt to fight the subpoena for her testimony. Her appeal remains pending.
The case first appeared as a sweeping 233-page complaint brought by James last year that alleged that Donald Trump, his children, and other Trump Organization associates participated in a scheme to overstate the former president’s wealth by billions of dollars over the course of several years.
James detailed in the complaint how Donald Trump and his associates repeatedly exaggerated the value of his assets on financial documents so he could secure more favorable loans.
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New York Supreme Court Justice Arthur Engoron, who is overseeing the case, found Donald Trump liable for several of the allegations, and a nonjury trial is now taking place to assess the remaining aspects of the complaint and determine whether Donald Trump will need to pay $250 million in damages.
Donald Trump himself is scheduled to testify on Monday.