Current:Home > MarketsEric Trump returns to the witness stand in the family business’ civil fraud trial -WealthStream
Eric Trump returns to the witness stand in the family business’ civil fraud trial
View
Date:2025-04-25 21:21:56
NEW YORK (AP) — Eric Trump returned to the witness stand Friday to testify at the civil fraud trial accusing his father of exaggerating his wealth and the value of his assets to deceive banks and insurers.
It’s the second day of testimony from Eric Trump, who helps run the former Republican president’s real estate empire that is now threatened by the lawsuit brought by New York Attorney General Letitia James.
Eric Trump, an executive vice president of the Trump Organization, testified on Thursday that he wasn’t involved with financial statements at the heart of the case. James’ office says those documents were fraudulently exaggerated to secure loans and make deals.
Another executive of his father’s company testified that Eric was on a video call about his father’s financial statement as recently as 2021. But the son insisted he had no recollection, telling the court: “I’m on a thousand calls a day.”
Donald Trump and other defendants — including sons Donald Jr. and Eric — deny any wrongdoing. The former president has called the case a “sham,” a “scam,” and “a continuation of the single greatest witch hunt of all time.”
The civil lawsuit is separate from four criminal cases the former president is facing while he campaigns to retake the White House in 2024.
The former president, who has periodically appeared in court to watch the trial, is expected to follow on the witness stand on Monday. His daughter Ivanka Trump is also scheduled to testify next week after an appeals court late Thursday denied her request to delay her testimony.
The Trumps are being summoned to the stand by James’ office, but defense lawyers will also have a chance to question them and can call them back as part of the defense case later.
Judge Arthur Engoron has ordered that a court-appointed receiver take control of some Trump companies, putting the future oversight of Trump Tower and other marquee properties in question. But an appeals court has blocked enforcement of that aspect of Engoron’s ruling for now.
veryGood! (342)
Related
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Brandon Aiyuk reports to 49ers training camp despite contract extension impasse
- Schumer and Jeffries endorse Kamala Harris for president
- U.S. home prices reach record high in June, despite deepening sales slump
- Senate begins final push to expand Social Security benefits for millions of people
- Chinese swimmers saga and other big doping questions entering 2024 Paris Olympics
- 2024 Paris Olympic village: Cardboard beds, free food and more as Olympians share videos
- Hydrothermal explosion at Biscuit Basin in Yellowstone National Park damages boardwalk
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Simone Biles won’t be required to do all four events in Olympic gymnastics team final
Ranking
- This was the average Social Security benefit in 2004, and here's what it is now
- FTC launches probe into whether surveillance pricing can boost costs for consumers
- Steve Bannon’s trial in border wall fundraising case set for December, after his ongoing prison term
- Monday is the hottest day recorded on Earth, beating Sunday’s record, European climate agency says
- Why members of two of EPA's influential science advisory committees were let go
- Fires threaten towns, close interstate in Pacific Northwest as heat wave continues
- Google’s corporate parent still prospering amid shift injecting more AI technology in search
- Stock market today: Asian stocks fall after a torrent of profit reports leaves Wall Street mixed
Recommendation
Global Warming Set the Stage for Los Angeles Fires
NFL Star Joe Burrow Shocks Eminem Fans With Slim Shady-Inspired Transformation
Padres catcher Kyle Higashioka receives replica medal for grandfather’s World War II service
US banks to begin reporting Russian assets for eventual forfeiture under new law
Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
New Michigan law makes it easier for prisons to release people in poor health
2024 Paris Olympic village: Cardboard beds, free food and more as Olympians share videos
Swiss manufacturer Liebherr to bring jobs to north Mississippi