On Thursday, Donald Trump Jr., the president’s son, is scheduled to testify for a second day regarding the family business’s financial records, which a New York court said were falsely inflated to deceive lenders and insurers.
Four family members, including Donald Jr., will testify in a civil fraud trial in New York. The case’s outcome may severely damage the real estate empire that established his father’s reputation as a successful businessman before he entered politics.
The front-runner for the Republican presidential candidacy in 2024, the former US president, is scheduled to testify in court on Monday. This will be his most recent court appearance.
Letitia James, the attorney general of New York, requests at least $250 million in damages and a permanent injunction prohibiting Trump, Donald Jr., and his son Eric from operating companies within the state.
Judge Arthur Engoron previously found the corporation and the three defendants guilty of inflating the valuations of trophy homes and other assets to obtain advantageous financing arrangements. Engoron has mandated the closure of companies that are part of Trump’s real estate holdings, such as the Trump Tower in Manhattan. While Trump filed an appeal, the decision is pending.
Donald Jr. attempted to downplay his role in the firm’s financial statements during his testimony on Wednesday, claiming that corporate accountants were primarily responsible for their preparation.
Despite his reputation as his father’s political attack dog, he stirred up occasional laughs in the courtroom with self-deprecating jokes about his lack of financial knowledge. As he runs to win the White House, Donald Trump faces several legal issues, including this trial. He is prosecuted for 91 felonies in four different criminal proceedings, two of which relate to his efforts to reverse his election defeat in 2020.
However, Trump has a significant advantage over his competitors in the race for the Republican presidential nomination, which would pit him against Democratic frontrunner Joe Biden in November 2024. In each of his criminal and civil lawsuits, Trump has denied any misconduct and charged James and Engoron with political prejudice.
Although Engoron fined him $15,000 for twice breaking a restricted gag order that prevents him from speaking publicly about court employees, he has not been punished for those attacks.
In addition, he is subject to a restricted gag order about the federal trial in Washington for election subversion. According to Trump, both go against his freedom of expression.