Donald Trump’s son, Donald Trump Jr. has delivered his testimony in a trial related to financial documents for the Trump Organization. He said he provided some financial information related to the case.
However, he has made it very clear that he is not directly involved in the documents that prosecutors are now calling fraudulent.
Trump Junior and his brother managed the company during their father’s presidency. The trial is about whether these documents inflated property values to get better loans and insurance deals.
Donald Jr. explained that while he knew about individual deals, he didn’t know they’d be used for these documents.
This lawsuit is being led by New York’s Attorney General, Letitia James.
It claims that the Trump family and their businesses overstated the value of their assets to get better loans. The primary issue of the trial is about the penalties the Trumps might face due to his alleged fraudulent practices.
James wants Trump and associates to pay a minimum of $250 million in the form of a penalty.
She has also requested that Trump be banned from running businesses in New York. The judge has already said the documents were fraudulent.
This trial is happening while Donald Trump is involved in several other legal cases. These lawsuits seem crucial as Trump aims to continue as a Republican candidate for the 2024 presidential election.
It is important to know that Trump is not required to attend the trial. Also, he did not show up on Wednesday. At the same time, he is involved in a different trial with his former lawyer, Michael Cohen.
Cohen, on the other hand has testified that Trump ordered him to show an inflated value of his assets.
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Debkanya is a lawyer turned writer. With an experience of 3 years, she is your go-to source for all things law. She has a soft corner for the US and international section. When the weekend arrives, you'll find her reading up on politics, Austen, or travel blogs over a cup of coffee.
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