AP Top NewsFraudGeneral NewsNew YorkU.S. News Donald Trump Jr. is returning to the stand as defense looks to undercut New York civil fraud claims by Madison Thomas November 13, 2023 written by Madison Thomas November 13, 2023 5 comments Bookmark 23 Donald Trump Jr. is set to reappear on the witness stand in the ongoing New York civil fraud trial that poses a significant threat to his father’s real estate empire. After an unsuccessful attempt to secure an early verdict, Trump’s legal team will now present their own witnesses. Donald Trump Jr., the eldest son of the former president and an executive vice president at the Trump Organization, previously testified on November 1 and 2. During his testimony, he stated that he was not involved in the preparation of the annual financial statements at the center of New York Attorney General Letitia James’ lawsuit. He relied on the company’s longtime finance chief and external accountants to verify the accuracy of these financial statements. Letitia James has alleged that Donald Trump, his company, and key executives, including Eric and Donald Jr., overstated his wealth by billions of dollars in these financial statements provided to banks, insurers, and other parties. These documents were used to secure loans and negotiate business deals. She seeks more than $300 million in what she claims are ill-gotten gains and a prohibition on the defendants from conducting business in New York. Before the trial began, Judge Arthur Engoron ruled that the defendants engaged in fraud by inflating Donald Trump’s net worth and the value of his assets in these financial statements. This ruling could potentially lead to Trump losing prominent properties like Trump Tower, although an appeals court has allowed him to retain control for the time being. The Trump family has consistently denied any wrongdoing, with their legal team arguing that the state has failed to meet the necessary legal standards to prove allegations of conspiracy, insurance fraud, and falsification of business records. The state concluded its case after six weeks of testimony from numerous witnesses, including company insiders, accountants, bank officials, and former Trump associate Michael Cohen. The trial continues after the defense’s request for an early end through a directed verdict was denied by Judge Engoron. Trump’s attorney, Christopher Kise, contended that the state’s case revolved around successful and profitable loan transactions with no clear victim or injury. Donald Trump Jr., echoing his father’s sentiments, has characterized the case as a “purely political persecution” orchestrated by Letitia James, a Democrat, to hinder Trump’s chances as the front-runner for the 2024 Republican presidential nomination. On Monday, Donald Trump Jr. will be questioned by the defense lawyers representing him, his father, and other defendants. A state attorney is also expected to cross-examine him. Trump Jr.’s testimony is anticipated to span Monday and Tuesday, followed by the testimony of a tax lawyer who also appeared as a state witness. The defense intends to call several expert witnesses to counter the testimony of state witnesses who asserted that Trump’s financial statements resulted in favorable loan terms, insurance premiums, and played a role in business transactions. When Donald Trump assumed the presidency in 2017, he delegated the day-to-day management of his company to Eric and Donald Trump Jr. and designated Trump Jr. as a trustee of a trust established to hold his assets while in office. During his earlier testimony, Trump Jr. clarified that he did not work on his father’s “statement of financial condition” and relied on individuals with intimate knowledge of these matters, including outside accountants and the company’s then-finance chief, Allen Weisselberg, to ensure accuracy. He emphasized his trust in their expertise and assessment of the materials presented. Table of Contents Frequently Asked Questions (FAQs) about Trump Jr. TestifiesWhat is the New York civil fraud trial about?Who is Donald Trump Jr. in this trial?What are the consequences of the trial?What was the judge’s ruling before the trial began?What is the defense’s argument?How has Donald Trump Jr. characterized the trial?What can we expect in the coming days of the trial?More about Trump Jr. Testifies Frequently Asked Questions (FAQs) about Trump Jr. Testifies What is the New York civil fraud trial about? The New York civil fraud trial revolves around allegations that Donald Trump, his company, and key executives, including Donald Trump Jr., inflated his wealth by billions of dollars on financial statements provided to banks, insurers, and others. Who is Donald Trump Jr. in this trial? Donald Trump Jr. is a key figure in the trial as he is an executive vice president at the Trump Organization and has testified that he was not involved in the preparation of the financial statements in question. What are the consequences of the trial? If the allegations are proven, it could result in significant financial penalties, including seeking more than $300 million in ill-gotten gains, and potentially banning the defendants from conducting business in New York. What was the judge’s ruling before the trial began? Judge Arthur Engoron ruled that the defendants committed fraud by inflating Donald Trump’s net worth and the value of assets on his financial statements, potentially leading to the loss of properties like Trump Tower. What is the defense’s argument? The defense maintains that the state has failed to meet legal standards to prove allegations of conspiracy, insurance fraud, and falsification of business records, contending that there is no clear victim or injury in the case. How has Donald Trump Jr. characterized the trial? Donald Trump Jr. has described the trial as a “purely political persecution” orchestrated by New York Attorney General Letitia James to hinder his father’s political aspirations. What can we expect in the coming days of the trial? Donald Trump Jr. is expected to continue testifying, followed by other witnesses, including a tax lawyer. The defense plans to present expert witnesses to counter state witnesses’ claims about the impact of Trump’s financial statements. More about Trump Jr. Testifies New York Times coverage of the trial CNN’s reporting on the civil fraud trial Official website of New York Attorney General Letitia James Trump Organization’s official website CNN’s profile on Donald Trump Jr. You Might Be Interested In General Election Campaigning in Cambodia: A One-Sided Affirmation The Dutch prime minister hands in his resignation as the government collapses over migration As UN Security Council takes up Ukraine, a potentially dramatic meeting may be at hand California Governor Gavin Newsom Announces Intent to Enact Climate-Centric Transparency Laws for Large Corporations Taylor Swift’s Argentina concert takes political turn as presidential election nears Phillies Bar Emotional Support Alligator from Stadium Access AP Top Newscivil fraudDonald Trump Jr.financial statementsFraudGeneral NewsLetitia JamesNew YorktrialTrump Organization Share 0 FacebookTwitterPinterestEmail Madison Thomas Follow Author Madison Thomas is a food journalist who covers the latest news and trends in the world of cuisine. She enjoys exploring new recipes and culinary trends, and she is always on the lookout for new and exciting flavors to try. previous post Secret Service agents protecting Biden’s granddaughter open fire when 3 people try to break into SUV next post Virginia Rep. Abigail Spanberger is running for governor instead of seeking reelection to the House You may also like Bookmark A woman who burned Wyoming’s only full-service abortion... December 28, 2023 Bookmark Argument over Christmas gifts turns deadly as 14-year-old... December 28, 2023 Bookmark Danny Masterson sent to state prison to serve... December 28, 2023 Bookmark Hong Kong man jailed for 6 years after... December 28, 2023 Bookmark AP concludes at least hundreds died in floods... December 28, 2023 Bookmark Live updates | Israeli forces raid a West... December 28, 2023 5 comments NewsJunkie November 13, 2023 - 4:16 pm so much drama, hope we get verdict soon Reply Reader123 November 13, 2023 - 4:34 pm trial sounds like a big deal, Trump Jr. testifying again Reply GrammarNazi November 13, 2023 - 10:14 pm So many mistakes in this text, need better proofreading Reply InfoHound November 14, 2023 - 7:34 am I think Don Jr. is key player here, let’s see how it unfolds Reply SeriousObserver November 14, 2023 - 1:35 pm Def. lawyers arguin’ no victim, state sayin’ fraud, what’s the truth? Reply Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ