Donald Trump Jr. took the witness stand Wednesday at the civil fraud trial over whether his father overstated his wealth to banks and insurers, a case that threatens former President Donald Trump’s real estate empire. The first family member to testify, Donald Trump Jr. greeted the scene with a quip: “I should have worn makeup,” he jested as news photographers took his photo.
Quick Read
Donald Trump Jr. Testifies in Fraud Trial
- The Event: Donald Trump Jr. took the stand in the civil fraud trial concerning allegations that the Trump family overstated their wealth to financial institutions.
- The Setting: Displaying humor, Trump Jr. commented on the attention from photographers in the courtroom as he began his testimony.
- Testimony Begins: Initially, questions focused on Trump Jr.’s background and role at the Trump Organization, with him emphasizing his reliance on professionals for accounting matters.
- The Lawsuit’s Core: The trial, initiated by New York Attorney General Letitia James, accuses Donald Trump and his company of inflating assets for loans and deals.
- Family on the Stand: Following Trump Jr., Eric Trump and eventually Donald Trump are expected to testify, with Ivanka Trump’s testimony also anticipated but currently contested.
- Roles and Responsibilities: Donald Trump Jr. and Eric Trump, both executive vice presidents of the Trump Organization, are involved in different aspects of the business and are defendants in the lawsuit.
- Judicial Rulings: The judge has previously found Trump’s financial statements fraudulent, and a court-appointed receiver has been ordered for certain Trump companies, although this is stayed upon appeal.
- Public Statements:
- The Trumps have consistently denied wrongdoing.
- Eric Trump has been vocally critical of the attorney general on social media.
- Donald Trump Jr. has disparaged the trial as biased.
- Other Testimonies: Other witnesses have discussed the Trump brothers’ involvement in property valuations, with snippets of their prior depositions already presented.
- Comments on Expertise: In depositions, both brothers distanced themselves from detailed knowledge of accounting standards and financial statement preparations, with Eric Trump highlighting his focus on operations.
- Donald Trump’s Presence: The former president attended initial trial days, criticizing the proceedings as politically motivated and unjustly targeting his family.
- Conduct Fines: Donald Trump has been fined for violating a gag order related to the trial.
The Associated Press has the story:
Donald Trump Jr. takes the witness stand in NY civil fraud trial
Newslooks- NEW YORK (AP)
Donald Trump Jr. took the witness stand Wednesday at the civil fraud trial over whether his father overstated his wealth to banks and insurers, a case that threatens former President Donald Trump’s real estate empire.
The first family member to testify, Donald Trump Jr. greeted the scene with a quip: “I should have worn makeup,” he jested as news photographers took his photo.
He was collected and seemed at ease as a lawyer for New York state asked him a beginning series of questions about his education and career at the family business, the Trump Organization. He made some lighthearted asides — for instance, when asked whether he belonged to an accountants organization, he replied, “Sounds very exciting, but no.”
But the Trump Organization executive vice president took serious care to establish that he’s not an accountant or an expert on accounting standards that have been mentioned in the case. The lawsuit centers on whether the former president and his business misled banks and insurers by inflating his net worth on financial statements.
“I rely on professionals and CPAs” on certain matters, Trump Jr. said.
The Trumps deny wrongdoing and are fighting to keep the business intact.
The ex-president’s eldest son is kicking off a blockbuster stretch as the trial in New York Attorney General Letitia James’ lawsuit enters its second month.
James, a Democrat, alleges that Donald Trump, his company and top executives, including sons Eric Trump and Donald Trump Jr., conspired to exaggerate his wealth by billions of dollars on his financial statements that were given to banks, insurers and others to secure loans and make deals.
Eric Trump is expected to take the stand next. Then the former president, family patriarch and 2024 Republican front-runner is slated for Monday. State lawyers have expected to call his eldest daughter, ex-Trump Organization executive and White House adviser Ivanka Trump, as their final witness on Nov. 8. On Wednesday, her lawyer filed an appeal challenging a judge’s decision to require her testimony.
Donald Trump Jr. and Eric Trump are both executive vice presidents at the Trump Organization and defendants in James’ lawsuit. Eric Trump has oversight over the company’s operations, while his brother has been involved in running the company’s property development. He and longtime company finance chief Allen Weisselberg were also trustees of the revocable trust Trump set up to hold the company’s assets when he became president.
Before the trial, Judge Arthur Engoron ruled that Trump’s financial statements were fraudulent. He ordered that a court-appointed receiver seize control of some of his companies — potentially stripping him and his family of such marquee properties as Trump Tower — though an appeals court has halted enforcement for now.
Like their father, both brothers have denied wrongdoing.
Eric Trump has spent several days at the trial, often on the days his dad has been there. He’s commented sporadically, mostly on social media. On Oct. 5, he posted a video montage to Truth Social of James criticizing his father. With it, he wrote: “this is the corruption my father and our family is fighting! The system is weaponized, broken and disgusting!”
Donald Trump Jr. hadn’t been to court before Wednesday, but since testimony began Oct. 2, he’s repeatedly denounced the case and Engoron as a “kangaroo court.” State law doesn’t allow for juries in this type of lawsuit, so Engoron will decide the case.
“It doesn’t matter what the rules are, it doesn’t matter what the Constitution says, it doesn’t matter what general practices and business would be,” Donald Trump Jr. said Monday on Newsmax. “It doesn’t matter. They have a narrative, they have an end goal, and they’ll do whatever it takes to get there.”
Donald Trump blasted Engoron Wednesday on Truth Social as a Trump-hating “political hack” who’s “doing the dirty work for the Democrat Party.”
“Leave my children alone, Engoron. You are a disgrace to the legal profession!” Trump wrote in one of several posts.
Building to Donald Trump Jr. and Eric Trump’s testimony, state lawyers have asked other witnesses about their role leading the Trump Organization and their involvement, over the years, in valuing their father’s properties and preparing his financial statements. Their names have also appeared on various emails and documents entered into evidence.
David McArdle, an appraiser at commercial real estate firm Cushman & Wakefield, testified that Eric Trump had substantial input on valuing planned-but-never-built townhomes at a Trump-owned golf course in the New York City suburbs. McArdle said Eric Trump arrived at a “more lofty value” than him for the project but that going with the scion’s higher number wouldn’t have been credible.
Donald Trump Jr. and Eric Trump have already been heard from at the trial, albeit in snippets of prior testimony. During opening statements on Oct. 2, state lawyers showed about a minute each from sworn depositions the brothers gave in the case.
In his July 2022 clip, Donald Trump Jr. testified about his scant knowledge of the accounting standards known as Generally Accepted Accounting Principles — which state lawyers say were used at times and disregarded at others in preparing Donald Trump’s financial statements.
Trump Jr., who’s never been an accountant, said he couldn’t recall having to use the GAAP standards in his work. He got a laugh out of a state lawyer when he said he’d learned about them “probably in Accounting 101 at Wharton” but didn’t remember much other than that they were “generally accepted.”
In his March 2023 deposition, Eric Trump testified, “I don’t think I’ve had any involvement in the Statement of Financial Condition, to the best of my knowledge.” He appeared to minimize his role as a top company executive, testifying that he tried to remain “siloed into the things I care and are passionate about” while sharing management responsibilities with his brother.
“I’m a construction, concrete and on-the-ground operations guy,” Eric Trump said, according to a deposition transcript posted on the case docket.
Questioned at another point about decision-making earlier in his career, Eric Trump said: “I pour concrete. I operate properties. I don’t focus on appraisals between a law firm and Cushman. This is just not what I do in my day-to-day responsibilities.”
Donald Trump attended the trial’s first three days in early October and showed up again for four days in the past two weeks, but his campaign schedule suggests it’s unlikely he’ll return to see his sons testify.
In his past appearances, Trump groused to TV cameras outside court, calling the case a “sham,” a “scam,” and “a continuation of the single greatest witch hunt of all time.” He also angered the judge twice, incurring $15,000 in fines for violating a limited gag order with comments about a member of the court staff.
