{"id":2087672,"date":"2023-11-02T08:02:04","date_gmt":"2023-11-02T12:02:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/don-trump-jr-testifies-in-ny-fraud-trial\/"},"modified":"2023-11-02T08:04:40","modified_gmt":"2023-11-02T12:04:40","slug":"don-trump-jr-testifies-in-ny-fraud-trial","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/don-trump-jr-testifies-in-ny-fraud-trial\/","title":{"rendered":"Don Trump Jr. gives testimony in NY fraud trial."},"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\">18<\/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%2Fdon-trump-jr-testifies-in-ny-fraud-trial%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=2087672&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<h2>Donald Trump Jr.\u2064 Takes the Stand in New York Fraud Case<\/h2>\n<p>Donald Trump Jr. \u2064made his appearance as the first Trump child to testify in the fraud case brought by New York Attorney General\u2062 Letitia James against Trump Organization executives. As pool photographers\u2064 captured the moment, he jokingly remarked, &#8220;I should have worn makeup.&#8221;<\/p>\n<p>The case revolves\u2063 around \u2063the financial statements \u2063of the Trump Organization, which detail the family&#8217;s assets and President Trump&#8217;s net\u200c worth.\u2062 When\u200d Donald Trump assumed office, he transferred ownership of \u2063the organization\u2062 to a\u2064 trust, \u2064with himself as a trustee.<\/p>\n<h3>Related Stories<\/h3>\n<ul>\n<li>\n      <a href=\"http:\/\/www.theepochtimes.com\/us\/trump-sons-eric-and-don-jr-to-testify-in-new-york-fraud-trial-this-week-5519735?ea_src=author_manual&#038;ea_med=related_stories\"><br \/>\n        <strong>Trump Sons Eric and Don Jr. to \u2064Testify in New \u2064York Fraud Trial This Week<\/strong><br \/>\n      <\/a><br \/>\n      <br \/>\n      <span class=\"text-comp-caption\">10\/31\/2023<\/span>\n    <\/li>\n<li>\n      <a href=\"http:\/\/www.theepochtimes.com\/epochtv\/trumps-civil-fraud-trial-in-new-york-court-continues-on-nov-1-part-2-post-5521116?ea_src=author_manual&#038;ea_med=related_stories\"><br \/>\n        <strong>Trump\u2019s Civil Fraud Trial in New York Court Continues on Nov. 1 (Part 2)<\/strong><br \/>\n      <\/a><br \/>\n      <br \/>\n      <span class=\"text-comp-caption\">11\/1\/2023<\/span>\n    <\/li>\n<\/ul>\n<p>During the trial, prosecutors\u2064 questioned Donald Trump Jr. about his role in the Trump Organization and the accounting standards used by the firm. He\u200d admitted that he relied on the expertise of hired accountants\u2062 to prepare the\u200d financial statements.<\/p>\n<div class=\"shortcode post-related-videos\">\n<div class=\"lazyload-wrapper\">\n<div class=\"lazyload-placeholder\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Although\u2064 he \u2063wasn&#8217;t directly involved in compiling the financial statements, Donald Trump Jr. acknowledged that he may have been part of discussions that influenced the numbers. He and his father, former President Donald Trump, were \u200dindicted in the multimillion-dollar case, which\u2063 could result \u200cin a five-year ban on holding executive positions in New York \u2064state.<\/p>\n<p>New York Justice Arthur Engoron, who presides over the trial, has already \u200bruled that President Trump is liable for fraud due \u200bto &#8220;fraudulent valuations&#8221; of his assets.<\/p>\n<div class=\"my-5\">\n<p>Donald Trump Jr.&#8217;s testimony will continue on Nov. 2, \u2064followed by his brother, \u2064Eric Trump. <\/p>\n<h2>Ivanka Trump<\/h2>\n<p>Ivanka Trump, the former president&#8217;s daughter, was ordered to \u200ctestify but has filed\u200b an appeal. Her \u2062attorney argued that she no longer conducts business at Trump Tower and New York is not her primary residence.<\/p>\n<\/p><\/div>\n<p>Banking expert Michiel McCarty provided testimony\u200c for \u200dthe attorney \u200bgeneral&#8217;s office, highlighting\u200d the \u2063potential financial losses incurred by banks due to the Trump Organization&#8217;s financial statements. Defense attorneys attempted to prevent his testimony, claiming it \u2062was speculative.<\/p>\n<p>Mr. McCarty explained that various factors, such as debt and equities, would have increased the risk and\u2063 interest\u200d rates on loans to the Trump Organization. The defense argued that there was no evidence to suggest that the banks would have acted differently based\u2062 on the financial \u200cstatements.<\/p>\n<p>During cross-examination, Mr. McCarty admitted he \u200cwas not familiar with \u200cDeutsche Bank&#8217;s specific credit policies, the bank that provided loans to the Trump Organization. However, he emphasized that banks historically lend to individuals with high net worths.<\/p>\n<p>The trial continues, with Donald Trump&#8217;s testimony expected on Nov. 6 and Ivanka Trump&#8217;s potential testimony on Nov. 8.<\/p>\n<div class=\"my-5\">\n<p>President Trump expressed \u2063his frustration with the judge&#8217;s order, defending his children on Truth Social.<\/p>\n<h2>Expert \u200bTestimony<\/h2>\n<p>Earlier on Nov. 1, banking expert \u200cMichiel McCarty testified as an expert witness for the attorney general&#8217;s office.<\/p>\n<\/p><\/div>\n<p>Mr. McCarty&#8217;s calculations revealed the potential losses suffered by banks due to the Trump Organization&#8217;s financial statements. Defense attorneys objected\u200d to his testimony, arguing that\u200c it was speculative and lacked \u200ca \u2064basis\u200d for claiming &#8220;ill-gotten&#8221; gains.<\/p>\n<p>Despite the objections,\u200d Mr. McCarty was allowed to testify and explained the increased risk and interest \u2064rates associated with\u2064 loans to the\u2063 Trump\u2064 Organization.\u2064 He also mentioned that Deutsche Bank actively\u200c pursued\u2063 President Trump&#8217;s business.<\/p>\n<\/blockquote>\n<p> <\/p>\n<h2> How does citing executive privilege and the Fifth Amendment protect individuals, like the executive from the Trump \u2064Organization, from potentially incriminating themselves?<\/h2>\n<p><span>  Regularly declined to appear, citing executive privilege and the Fifth Amendment. Her lawyers argue \u2064that her testimony could incriminate her, as she was an executive at the Trump Organization during the time \u200bin\u200b question.<\/p>\n<h3>The Outcome\u200c and Potential Consequences<\/h3>\n<p>The fraud case against the Trump Organization executives, including Donald Trump Jr., Donald Trump, and potentially Ivanka Trump,\u200b carries significant consequences if they are found guilty.\u200d They could face fines, penalties, or\u2063 even\u200c imprisonment. Additionally,\u200d a conviction could result in a \u200bban on holding executive positions in \u200cNew York state for a period of five years.<\/p>\n<p>For the Trump family, \u200bthe trial represents a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/don-trump-jr-testifies-in-ny-fraud-trial\/\" title=\"Don Trump Jr. gives testimony in NY fraud trial.\">significant legal battle surrounding<\/a> their business empire and financial affairs. It also adds to the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/supreme-court-temporarily-reinstates-biden-admins-ghost-gun-rule\/\" title=\"SCOTUS temporarily restores Biden's 'Ghost Gun' rule.\">legal challenges faced<\/a>\u200d by\u200b former\u2064 President Donald \u200bTrump, who has been \u2064the subject of various investigations\u200d and lawsuits\u2062 since leaving office.<\/p>\n<p>The outcome of this trial is still uncertain, and it will be up to the court to determine \u200cthe\u2063 guilt or innocence of the accused. As proceedings continue and more testimonies are\u200b heard, the public will be watching closely \u200dfor any developments \u2062in this high-profile\u2064 case.<\/p>\n<h3>Public Response and Political Impact<\/h3>\n<p>The trial of Donald Trump \u2063Jr. \u200cand his involvement in the Trump Organization&#8217;s financial statements have drawn significant public attention.\u2064 Supporters of the Trump family \u2062argue that the case is politically motivated and an attempt to undermine their\u2062 reputation. On the other hand, \u2063critics of the family\u200c see this as an opportunity to\u2064 hold them accountable for any \u2064potential wrongdoing.<\/p>\n<p>Given the\u200c divisive nature \u2063of the Trump \u2063presidency, \u200cthis trial\u2064 has also sparked political discussions. Some see\u2064 it as a continuation of efforts to hold the Trump family accountable, while others view it as a political attack on a prominent Republican \u2063figure. \u2063Regardless of personal opinions, the outcome of \u2064this \u200dtrial could have implications \u2064for future political dynamics in the United States.<\/p>\n<h3>Conclusion<\/h3>\n<p>Donald Trump Jr.&#8217;s appearance in the New York fraud case marks a significant \u2062development in the \u200dtrial against the Trump Organization executives. The proceedings will shed\u2063 light on the family&#8217;s financial statements and their alleged \u2062fraudulent valuations. As the trial\u200b continues and \u200bmore testimonies\u2063 are heard, the outcome will have far-reaching consequences\u200d for \u2063the Trump family and potentially impact the political landscape \u200cin the United States.<\/p>\n<p>As the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/oklahoma-approves-first-religious-charter-school-in-united-states\/\" title=\"First religious charter school approved in Oklahoma.\">legal battle unfolds<\/a>,\u2064 the public and political observers will \u200beagerly await the verdict and the subsequent fallout from this contentious case.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump Jr. testified first in the fraud case filed by NY Attorney General Letitia James against Trump Organization executives. On Nov. 1, he humorously remarked about not wearing makeup while pool photographers captured his images. The case revolves around the core allegations.<\/p>\n","protected":false},"author":2529,"featured_media":2087673,"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-2087672","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\/2087672","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\/2529"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2087672"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2087672\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2087673"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2087672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2087672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2087672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}