Donald Trump Jr took the stand in the ongoing fraud trial against his father and the family business on Wednesday and tried to distance himself from the financial statements at the center of the case.
Trump’s eldest son, 45, is the first family member to testify in the civil trial brought by the New York attorney general Letitia James. His younger brother Eric is expected to testify Thursday, with Trump and his daughter Ivanka expected in court next week.
In court, Trump Jr was polite and courteous after his testimony was delayed as Trump’s lawyers quizzed earlier witnesses. “I should have worn makeup,” he joked as photographers took his picture ahead of his testimony.
When asked to slow down, the fast-talking Trump Jr said: “I apologize, your honor. I moved to Florida but I kept the New York pace.”
Trump Jr was asked a series of questions about the roles he, his father and Trump’s former chief financial officer, Allen Weisselberg, had as trustees of the Donald J Trump Revocable Trust, which holds assets for the “exclusive benefit” of the former president.
When asked whether his father is still a trustee of the trust, Trump Jr said: “I don’t recall.”
He said he did not recall much, including why there was a brief period in 2021 when he had resigned and then been restored to the trust. Trump Jr said there was “autonomy to do what I wanted” but that he consulted with Weisselberg and others. Pressed on his role in creating the financial statements at the heart of the case, Trump Jr said: “The accountants worked on it. That’s why we pay them.”
Trump Jr was much more combative earlier in the week. In an interview with rightwing cable TV channel Newsmax on Monday, he claimed the “mainstream media, the people in [Washington] DC … want to throw Trump in jail for a thousand years and/or the death penalty. Truly sick stuff, but this is why we fight”.
James has accused Trump, his eldest sons and other Trump executives of fraudulently inflating the former president’s wealth to secure better loans from banks.
In one example, James said Trump claimed his Trump Tower triplex apartment was 30,000 sq feet, rather than its actual square footage of 10,996.
Judge Arthur Engoron has already ruled that the Trumps committed fraud. He is holding the trial to determine the penalty that should be meted out. James has asked for $250m and the cancellation of Trump’s business licenses in New York – a move that would end the Trumps’ ability to run businesses in the state.
Earlier in the day, one of the attorney general’s witnesses testified about the losses he believes banks suffered as a result of Trump’s alleged fraud. Michiel McCarty, the chair and CEO of investment bank MM Dillon & Co, said the inflation of Trump’s wealth allowed the Trump organization to secure better rates for loans. He calculated the banks lost more than $168m in interest payments as a result.
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Trump’s lawyers asserted that the banks had not been misled.
“They are not ill-gotten gains if the bank does not testify it would have done it differently,” Trump’s lawyer Christopher Kise said.
“I decided these were ill-gotten,” Engoron replied.
Donald Trump has denied all wrongdoing and the former US president was not in court on Wednesday but once again blasted the trial on social media. “Leave my children alone, Engoron. You are a disgrace to the legal profession!” he wrote on social media on Wednesday morning.
Trump attacked Engoron as a “political hack” in a post that ended with the line: “WITCH HUNT!!! ELECTION INTERFERENCE!!!”
Source: US Politics - theguardian.com
