{"id":2085284,"date":"2023-10-31T13:11:06","date_gmt":"2023-10-31T17:11:06","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-sons-eric-and-don-jr-to-testify-in-new-york-fraud-trial-this-week\/"},"modified":"2023-10-31T13:14:07","modified_gmt":"2023-10-31T17:14:07","slug":"trump-sons-eric-and-don-jr-to-testify-in-new-york-fraud-trial-this-week","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-sons-eric-and-don-jr-to-testify-in-new-york-fraud-trial-this-week\/","title":{"rendered":"Trump&#8217;s sons, Eric and Don Jr., will testify in NY fraud trial this week."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-sons-eric-and-don-jr-to-testify-in-new-york-fraud-trial-this-week%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2085284&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><blockquote>\n<div data-post-content=\"true\" class=\"post_content\" id=\"post_content\">\n<p>Get ready for some \u2062<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hunter-bidens-sweetheart-plea-deal-now-being-investigated-by-house-republicans\/\" title=\"House Republicans are currently investigating Hunter Biden's plea deal.\">explosive courtroom drama<\/a>! This week, Eric\u2064 Trump and Donald\u200d Trump Jr., both executive\u2062 vice presidents at \u2064Trump \u200dOrganization, will be taking the witness stand in a fraud petition brought by New \u2064York Attorney \u200bGeneral Letitia James. Eric is scheduled to \u200ctestify on Wednesday, while Donald will follow on Thursday.\u2062 And \u200dwho knows, the testimony might even spill over into Friday!<\/p>\n<p>Originally,\u2064 Ivanka Trump\u2064 was \u2063set to testify on Friday as well, but New York Supreme Court Justice Arthur Engoron\u2063 decided to delay her testimony to November \u200d8th. This extra time\u200b will allow\u2062 her brothers to be questioned thoroughly. Ivanka, who \u2062left the organization in 2016 to join her father in the White\u2063 House, was dismissed from the case earlier due to the statute of limitations.<\/p>\n<div class=\"my-5\">\n<p>But that&#8217;s not all!\u2064 Former President Donald \u2063Trump himself will be taking \u2063the stand on November 6th. This trial is heating up!<\/p>\n<h2>Involvement<\/h2>\n<p>Last week, witness Michael Cohen dropped a bombshell, testifying that Eric Trump, Donald\u200c Trump Jr., and Ivanka Trump were \u2062all involved in efforts to &#8220;inflate&#8221; asset\u200c values. They would even be consulted by Trump Organization CFO Allen Weisselberg and Cohen himself about the properties they were developing\u200b and any additional value that could be added to the financial\u200d statements.<\/p>\n<\/p><\/div>\n<div class=\"shortcode\">\n      <!--$--><\/p>\n<div class=\"border-comp-divider mb-4 mr-4 w-full max-w-[500px] border px-5 py-4 text-[16px] leading-[20px] text-[#262626] md:float-left\" id=\"in_article_related_stories\">\n<h2 class=\"mb-3 font-sans text-[16px] font-semibold uppercase leading-[19px] text-[#2F2F2F]\">Related Stories<\/h2>\n<div class=\"mb-4 flex gap-2\">\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-4 sm:line-clamp-3\">\n              <a href=\"http:\/\/www.theepochtimes.com\/us\/trump-to-testify-in-ny-fraud-case-on-nov-6-post-5519054?ea_src=author_manual&#038;ea_med=related_stories\"><\/p>\n<h3 class=\"text-sm sm:text-base\">Trump to Testify in NY \u2064Fraud \u200bCase on Nov. 6<\/h3>\n<p>              <\/a>\n            <\/div>\n<div class=\"text-comp-caption text-[14px] leading-[18px]\">10\/29\/2023<\/div>\n<\/p><\/div>\n<div class=\"shrink-0 basis-[70px] sm:basis-[120px]\">\n            <a href=\"http:\/\/www.theepochtimes.com\/us\/trump-to-testify-in-ny-fraud-case-on-nov-6-post-5519054?ea_src=author_manual&#038;ea_med=related_stories\">\n              <picture><source type=\"image\/webp\" https:><\/source><source type=\"image\/jpeg\" https:><\/source>\n              <\/picture>\n            <\/a>\n          <\/div>\n<\/p><\/div>\n<div class=\"mb-4 flex gap-2\">\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-4 sm:line-clamp-3\">\n              <a href=\"http:\/\/www.theepochtimes.com\/epochtv\/a-rigged-trial-trump-decries-new-york-civil-fraud-trial-defends-property-valuations-5511696?ea_src=author_manual&#038;ea_med=related_stories\"><\/p>\n<h3 class=\"text-sm sm:text-base\">\u2018A Rigged Trial\u2019: \u200dTrump Decries New \u2063York Civil Fraud Trial, Defends Property \u2064Valuations<\/h3>\n<p>              <\/a>\n            <\/div>\n<div class=\"text-comp-caption text-[14px] leading-[18px]\">10\/17\/2023<\/div>\n<\/p><\/div>\n<div class=\"shrink-0 basis-[70px] sm:basis-[120px]\">\n            <a href=\"http:\/\/www.theepochtimes.com\/epochtv\/a-rigged-trial-trump-decries-new-york-civil-fraud-trial-defends-property-valuations-5511696?ea_src=author_manual&#038;ea_med=related_stories\">\n              <picture><source type=\"image\/webp\" https:><\/source><source type=\"image\/jpeg\" https:><\/source>\n              <\/picture>\n            <\/a>\n          <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>      <!--\/$-->\n    <\/div>\n<p>But \u200cwait, there&#8217;s more! Former Trump Organization comptroller Jeff McConney revealed that he had phone calls with Eric Trump, who instructed \u200dhim to consider\u200b certain specifics when evaluating properties like Seven Springs. These instructions helped boost the value\u2062 of those \u2063properties.<\/p>\n<p>According \u2062to the\u200c original petition, Eric Trump is responsible for managing \u200dand operating all aspects\u2064 of the Trump Organization, including acquiring new projects\u2062 and\u200c overseeing development and \u2063construction. He has been actively involved in various golf course development projects. In 2017, Eric and his\u2064 brother Donald Trump Jr. took over management of\u200c the Trump Organization from their father.<\/p>\n<p>During his time as president, Donald Trump\u200b claimed to\u200c have distanced himself from his business to avoid conflicts of interest. He even advised his children against making deals\u2064 while he \u200bwas in office. He \u200bbelieved it wouldn&#8217;t\u2063 be fair. However, Eric Trump\u2063 and Donald Trump Jr. will likely face questions about\u2062 their \u200dcorrespondence \u200dregarding property values.<\/p>\n<p>The state attorneys are determined to prove that Trump Organization executives\u2064 intentionally\u2063 inflated asset values and\u2064 President Trump&#8217;s net \u200bworth.\u200b Accountants who worked for the organization have already\u2063 testified that they didn&#8217;t conduct independent audits and relied on numbers provided \u200bby Allen Weisselberg for their reports.<\/p>\n<p>President Trump, \u200don \u200cthe \u200cother hand, maintains his innocence. He argues \u2062that the financial statements actually underestimated his net worth because his name and brand added \u200bsignificant value. He claims that the statements included \u200ba Disclaimer\u2064 urging banks and insurers to \u2062conduct their own\u2063 analyses, which they did. According to him, banks have always seen him as\u200b a profitable client.<\/p>\n<div class=\"my-5\">\n<p>But the plot thickens! A Deutsche Bank officer testified that the bank conducted its own \u2062analysis and considered the financial statements as\u2063 one factor. Additionally, \u2064an appraiser \u200drevealed that Capitol One hired \u200chim to evaluate a Trump Organization property for their own\u2064 purposes, indicating that \u2062he was \u2063never directly employed by the organization.<\/p>\n<h2>Case<\/h2>\n<p>Last September, New York Attorney General Letitia James filed a lawsuit against former President Donald Trump, accusing him of fraudulently inflating his net\u200c worth by up to $2.2 billion each year from 2011 to\u2062 2021. This lawsuit followed a three-year investigation triggered by\u200b allegations made by Trump&#8217;s former attorney and \u2062Trump Organization executive vice president, Michael Cohen, who\u200c publicly distanced himself from his former boss in 2018.<\/p>\n<\/p><\/div>\n<p>As the trial enters its\u2063 fifth week, Attorney General Letitia James \u200breleased a\u200c video statement \u200con Monday, highlighting\u2062 the testimony of former Trump Organization vice president Raymond Flores. Flores testified that he was \u2062asked to provide reasons for increasing the value of the Niketown property and that Mar-a-Lago was valued as a\u2063 private residence in financial\u200b statements, despite being registered as a social club.<\/p>\n<p>The attorney general&#8217;s office\u200d is seeking a whopping $250 million in\u200b damages. This trial\u2064 is far from over!<\/p>\n<\/p><\/div>\n<\/blockquote>\n<p> Ified\u200d that\u200d the values of certain properties were indeed inflated.\u200c They stated that the \u2064higher values were used to secure loans, obtain\u2063 tax benefits, and attract investors.<\/p>\n<p>According \u200cto the attorney general&#8217;s office, Donald \u200cTrump himself<\/p>\n<h2>&#8211; What legal consequences may Donald Trump face \u200bfor his \u200cinvolvement in inflating property values? \u200c <\/h2>\n<p><span>  I&#8217;m not a lawyer, but I can provide some general information on the topic.\u200c Inflating property values could potentially lead to legal consequences for anyone involved, including Donald Trump\u200d if \u200dthere is evidence \u200csupporting his involvement. Some possible legal consequences may include:<\/p>\n<p>1. Civil \u200blawsuits: Property owners or\u2064 investors impacted \u200dby the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-scores-major-legal-victory\/\" title=\"Trump wins big legal battle.\">inflated property values<\/a> \u2063could <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tennessee-introduces-texas-style-abortion-ban-bill\/\" title=\"Tennessee Introduces \u2018Texas-Style\u2019 Abortion Ban Bill\">file civil lawsuits<\/a> \u2064against Donald Trump and other\u2064 parties involved, seeking compensation \u200cfor losses incurred.<\/p>\n<p>2. Criminal charges: \u2062If there is evidence of intentional fraud or misconduct, \u200bcriminal charges\u200d such as fraud, conspiracy, or false statement \u200dcould\u200c be \u200cpursued by prosecutors. However, criminal\u200c charges require a \u200dhigh burden of\u2064 proof, and it is up to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/oregon-governor-encourages-people-to-call-police-on-neighbors-violating-covid-orders\/\" title=\"Oregon Governor Encourages People To Call Police On Neighbors Violating COVID Orders\">law enforcement agencies<\/a> \u2062and prosecutors to decide whether \u200cto pursue such actions.<\/p>\n<p>3. Regulatory actions: Regulatory bodies, such as <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-sons-eric-and-don-jr-to-testify-in-new-york-fraud-trial-this-week\/\" title=\"Trump's sons, Eric and Don Jr., will testify in NY fraud trial this week.\">state real estate boards<\/a> or\u2064 the Securities and \u200bExchange Commission (SEC), may \u200cinvestigate the allegations and\u200b potentially take actions like imposing fines, suspending licenses, or imposing other administrative penalties.<\/p>\n<p>It \u200cis important to note \u2064that any legal consequences would depend on \u2062the specific facts of the case, the jurisdiction \u2062in which the\u200b alleged conduct occurred, and the interpretation of applicable laws. Legal matters can be complex, \u200dand it is advisable to consult with a qualified attorney for a\u200c thorough analysis of the situation.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eric Trump and Donald Trump Jr., both EVPs at Trump Organization, will testify this week in a fraud case brought by NY AG Letitia James. Eric will testify on Wednesday, Donald on Thursday, and Ivanka Trump, originally scheduled for Friday, may also provide testimony if proceedings extend into that day.<\/p>\n","protected":false},"author":2167,"featured_media":2085285,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2085284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2085284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2167"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2085284"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2085284\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2085285"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2085284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2085284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2085284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}