Trump and his two oldest sons are facing a $250 million lawsuit accusing them of inflating the value of their assets by millions of dollars.
The testimony creates a rare spectacle of a former president and current candidate being called to the witness stand in the middle of a campaign.producing the spectacle of a former president and the leading Republican presidential candidate defending himself against allegations that he dramatically inflated his net worth.
Trump walked slowly to the witness stand, tugging at his suit coat as he settled in for hours of questions in a lawsuit by the New York state attorney general that accuses him and his company of inflating his property values and deceiving banks and insurers in the pursuit of business deals and loans.
“Banks didn’t find them very relevant, and they had a disclaimer clause -- you would call it a worthless statement clause,” he said, insisting that after decades in real estate, “I probably know banks as well as anybody … I know what they look at. They look at the deal, they look at the location. "First of all it’s so long ago, it’s well beyond the statute of limitations,” Trump said before turning on the judge, saying he allowed state lawyers to pursue claims involving such years-old documents “because he always rules against me.”Flanked by his attorneys Chris Kise and Alina Habba, former President Donald Trump waits to take the witness stand, Monday, Nov. 6, 2023, in New York.
Among the topics likely to be covered: Trump’s role in his company's decision making, in its valuing of his properties, and in preparing his annual financial statements. Trump is likely to be asked about loans and other deals that were made using the statements and what intent, if any, he had in portraying his wealth to banks and insurers the way the documents did.
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Former President Donald Trump to take the stand in New York civil fraud trialDonald Trump and three of his children, Donald Jr., Eric and Ivanka, are testifying before a New York judge. They are facing questions over fraudulent Trump Organization financial statements.
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Donald Trump to take the stand in New York civil fraud trialAshley Oliver is a Justice Department reporter for the Washington Examiner. She previously covered Congress and campaigns for Breitbart News. Originally from Fredericksburg, Virginia, she graduated from Virginia Tech with a degree in classics and philosophy before spending six years in Massachusetts working in the real estate industry.
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Donald Trump to take the stand in New York fraud trialFormer President Donald Trump will take the stand in his family's fraud trial — a moment years in the making.
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Donald Trump to take the stand in New York fraud trial todayFormer President Donald Trump will take the stand in his family's fraud trial — a moment years in the making.
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Live updates: Donald Trump testifying in New York civil fraud trialDonald Trump is scheduled to testify Monday as a defendant in the civil fraud trial in which he is accused of fraudulently inflating the value of company assets.
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