Donald Trump’s sons, Donald Trump Jr. and Eric Trump, are at the forefront of the $250 million civil fraud trial against the Trump family and their company.
They are accused of participating in a scheme to falsely inflate the company’s assets to secure loans and insurance policies on favorable terms. The Trump children, along with their father, deny any wrongdoing.
The case specifically targets Donald Trump’s sons, Donald Trump Jr. and Eric Trump, along with their father, the former president. The attorney general’s office contends that the Trump children were aware of and knowingly participated in a scheme to falsely inflate the Trump Organization’s assets in order to secure loans and insurance policies on more favorable terms than they were entitled to.
The trial schedule involves Donald Trump Jr. taking the stand first, followed by Eric Trump, and eventually the former president himself. Ivanka Trump was initially scheduled to testify on Friday, but her appearance has been postponed until next week due to a prior commitment.
The attorney general’s office is focusing on the Trump children’s roles within the Trump Organization, emphasizing their positions as executive vice presidents. These roles placed them in positions of significant influence and responsibility within the company.
Donald Trump Jr.’s testimony is anticipated to revolve around his involvement in the company’s financial statements, particularly those provided to banks and insurers. These statements are alleged to have significantly overvalued the company’s assets and properties. Donald Jr. played a crucial role when his father was in office, signing off on the company’s statements and representing them as accurate and compiled in accordance with accepted accounting practices.
Eric Trump’s testimony is expected to delve into his management and operation of the Trump Organization. The attorney general’s office will focus on a property called Seven Springs in Westchester County, New York, which was appraised at $30 million in 2006 but was later listed on Trump’s financial statements as worth over $260 million. A judge in the case has already found the Trump Organization liable for fraudulently inflating the value of Seven Springs.
The civil fraud trial seeks $250 million in damages and also aims to prevent Donald Trump and his sons from serving as officers or directors of any New York corporation.
The Trump family has consistently denied any wrongdoing, and the trial is a significant legal challenge involving former President Donald Trump and his family.