After weeks of tumultuous and bitter testimony and cross-examination in New York Attorney General Letitia James’s civil lawsuit against members of the Trump family, the star witness is expected to take the stand when the trial resumes at 10 a.m. on Nov. 6.
Assistant Attorney General Andrew Amer’s highly aggressive questioning of Donald Trump Jr. and Eric Trump on the witness stand last week was a prelude to what looks sure to be the most intensive, closely watched phase of the trial. Former President Donald Trump will appear in the civil court building at 111 Centre Street in Manhattan to testify about the truthfulness of valuations of Trump family assets in financial statements provided to Deutsche Bank and other lenders.
The former president’s sons gave lengthy testimony on the mornings of Nov. 1, Nov. 2, and Nov. 3 on often overlapping subjects. The prosecutor went over financial documents and records in painstaking detail, seeking answers from the brothers as to whether they recognized certain letters, emails, and financial statements and whether they had knowingly approved the presentation of such items to the banks for the purpose of obtaining loans on terms highly favorable to the Trump family and The Trump Organization.
Mr. Amer repeatedly grew frustrated with the brothers’ tendency to qualify their answers and demanded that they reply to his questions with a “yes” or “no.” Justice Arthur Engoron largely supported Mr. Amer in his efforts to obtain simple answers, and the judge’s perceived favoritism toward the prosecution led to a prolonged argument with Trump lawyer Christopher Kise on the afternoon of Nov. 2 and the morning of Nov. 3.
Former President Donald Trump (R) appears in the courtroom with attorney Christopher M. Kise for the third day of his civil fraud trial at the New York State Supreme Court in New York City on Oct. 4, 2023. (Mary Altafeer/Pool/Getty Images)
At many points throughout the proceedings, the brothers minimized their role in the preparation of the statements of financial condition and other documents and records and said they trusted the professional accountants and financial experts who prepared such items. Although the documents bear their signatures, they were merely acting in accordance with legal advice from people inside and outside the Trump business empire whose job was to run numbers and come up with valuations.
In essence, the brothers acknowledged their authority within The Trump Organization while portraying their role as the rubber-stamping of documents containing figures and valuations that others had compiled.
Typical of the cross-examination was a moment on Nov. 2, when Eric Trump told Mr. Amer that “people ask me questions all the time, but I never had anything to do with a statement of financial condition.”
Then, a bit later in his testimony, he said: “We had an accounting department that would sometimes work with outside entities. I did not work on a statement of financial condition; I’ve been very clear about that.”
Questions for the Former President
Mr. Amer often pursued an indirect route to getting the information he wanted, asking one of the Trump brothers a question that a third-party financial professional assigned to a given project or the former president himself might be in a better position to answer.
At one point, he asked Eric Trump whether the witness had seen one of his father’s financial statements from August 2013. At such times, Eric Trump often alluded to the sheer amount of time that had passed and said he didn’t recall the details of the document or figures he was pressed about.
He denied his involvement in appraisal work on properties and said repeatedly that Sheri Dillon, who’s now an attorney with the law firm Morgan Lewis & Bockius, handled the minutiae of such matters.
The brothers didn’t dispute their agency as executives of The Trump Organization with a significant amount of latitude when it came to signing documents whose preparation they had entrusted to others. But they fell short of claiming oversight of properties and assets that fall under their father’s ownership.
Hence, the questioning of Donald Trump Jr. and Eric Trump may have been a long warm-up for the most critical phase of the trial, when questions about who was ultimately answerable for representations made to powerful financial institutions, and for any real or alleged inflations of the value of Trump family assets, will be front and center throughout the testimony.
President Trump is expected to take the stand as soon as the new phase of the trial begins on Nov. 6.
What are the potential implications for the Trump brand and their business empire if they are found to have violated accounting and legal requirements
As to ensure compliance with accounting and legal requirements.
While the prosecutor attempted to establish that the Trump sons knowingly provided false information to the banks, the defense argued that the brothers were not involved in the day-to-day operations of the Trump Organization and relied on the expertise of professionals. Christopher Kise, the lawyer representing Donald Trump, argued that his client had no reason to intentionally misrepresent the value of assets, as he was already a wealthy man.
The trial, which began in early October, has captivated the attention of the public and the media. The Trump family, once again at the center of controversy, has faced intense scrutiny over their financial dealings. The outcome of this trial could have significant implications for the Trump brand and the future of their business empire.
As the star witness, former President Donald Trump carries enormous weight in this trial. His testimony will be crucial in determining the credibility of the financial statements provided to Deutsche Bank and other lenders. The prosecution will aim to establish that the Trump family deliberately inflated the values of their assets to secure more favorable loan terms, while the defense will argue that any misrepresentations were unintentional and made in good faith.
While the trial is expected to continue for several more weeks, the testimony of Donald Trump and other key witnesses will be pivotal in shaping the outcome. The courtroom drama and the revelations that may arise from this trial will undoubtedly keep the public and the media engrossed.
Regardless of the verdict, the repercussions of this trial are likely to extend far beyond the walls of the courtroom. It has already sparked conversations about corporate accountability, financial ethics, and the intersection of politics and business. The legacy of the Trump family, already marked by controversy, will be further defined by the outcome of this trial.
As the trial resumes, all eyes will be on the star witness and his testimony. Will Donald Trump’s words be enough to sway the jury, or will the evidence presented by the prosecution prove too damning? Only time will tell.
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