NEW YORK: Donald Trump’s son Eric wrapped up his testimony in the civil fraud case against the family business empire and said his father is “fired up” to take the stand next week.
The 77-year-old former US president is expected to testify on Monday in the trial in which the Trump Organization is accused of inflating the value of its assets by billions of dollars to obtain more favorable bank loans and insurance terms.Leaving the Manhattan courtroom after concluding his second day of testimony, Eric Trump denounced the case as a “big charade” and a “huge waste of taxpayer money.
Both brothers adopted essentially the same line of defense—that company financial statements the authorities allege were fraudulent were drawn up by their accountants and they relied on them for their accuracy.“I know he’s very fired up to be here,” he said. “And he thinks that this is one of the most incredible injustices that he’s ever seen.”
The former president’s daughter, Ivanka Trump, who left the Trump Organization in 2017 to become a White House advisor to her father, is not a codefendant in the case but has also been ordered to testify. Trump and his sons do not risk going to jail, but face up to $250 million in penalties and potential removal from the management of the family company.
The twice-impeached former president also faces racketeering charges in Georgia for allegedly conspiring to upend the election results in the southern state after his 2020 defeat by Democrat Joe Biden.
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