Monday, December 23

Tag: Give evidence

Donald Trump Jr. testifies he never worked on the key documents in his father’s civil fraud trial

NEW YORK (AP) — Donald Trump Jr. testified Wednesday that he never worked on his father’s financial statements, the documents now at the heart of the civil fraud trial that threatens former President Donald Trump’s real estate empire. The ex-president’s eldest son is an executive vice president of the family’s Trump Organization and has been a trustee of a trust set up to hold its assets when his father was in the White House. At least one of the annual financial statements bore language saying the trustees “are responsible” for the document. But Donald Trump Jr. said he didn’t recall ever working on any of the financial statements and had “no specific knowledge” of them. The lawsuit centers on whether the former president and his business misled banks and insurers by inflating hi...
Trump’s penthouse value estimate boosted by millions due to his fame, execs testify in fraud trial

Trump’s penthouse value estimate boosted by millions due to his fame, execs testify in fraud trial

NEW YORK (AP) — Donald Trump’ s corporate executives once boosted the estimated worth of his Trump Tower penthouse by $20 million partly because of the value of his celebrity, according to trial testimony Thursday. Another $100 million hike in the estimate was based on a single email from a real estate broker, who hadn’t commissioned an appraisal, didn’t inspect the triplex and was told it was three times its actual size. From a witness stand, former Trump Organization controller Jeffrey McConney shed light Thursday on calculations central to Trump’s New York civil business fraud trial. New York Attorney General Letitia James’ lawsuit alleges the former president conspired with top executives to exaggerate his wealth and deceived lenders and others. Trump denies any wrongdoing. ...
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