Donald Trump’s eldest sons, who took over day-to-day management of his real estate empire when he became president, are scheduled to testify in the New York civil fraud case that threatens their company’s future. Donald Trump Jr.
FILE - Donald Trump addresses the Republican Leadership Conference, May 30, 2014, in New Orleans. When Trump tried to buy the Buffalo Bills in 2014, investment bankers doubted the NFL would allow it but encouraged him to stay in the running, according to internal emails aired at the former president’s civil fraud trial Tuesday, Oct. 31, 2023. Former President Donald Trump, center, arrives for his civil business fraud trial at New York Supreme Court, Tuesday, Oct. 17, 2023, in New York.
Donald Trump Jr. and Eric Trump are both executive vice presidents at the Trump Organization and defendants in James’ lawsuit. Eric has oversight over the company’s operations while Donald Trump Jr. has been involved in running the company’s property development. He and longtime company finance chief Allen Weisselberg were also trustees of the revocable trust Trump set up to hold the company’s assets when he became president.ruled that Trump’s financial statements were fraudulent.
Building to Donald Trump Jr. and Eric Trump’s testimony, state lawyers have asked other witnesses about their role leading the Trump Organization and their involvement, over the years, in valuing their father’s properties and preparing his financial statements. Their names have also appeared on various emails and documents entered into evidence.
In his July 2022 clip, Donald Trump Jr. testified about his scant knowledge of the accounting standards known as Generally Accepted Accounting Principles — which state lawyers say were used at times and disregarded at others in preparing Donald Trump’s financial statements. “I’m a construction, concrete and on-the-ground operations guy,” Eric Trump said, according to a deposition transcript posted on the case docket.
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