Share this @internewscast.com

NEW YORK (AP) — Eric Trump testified Friday that he was relying on accountants to ensure the accuracy of financial statements that authorities say fraudulently exaggerated his father’s wealth and the value of his assets to deceive banks and insurers.

On the witness stand for a second day in the civil case brought by New York Attorney General Letitia James, Eric Trump was pressed about what steps he took to verify information before signing documents certifying to lender Deutsche Bank that his father’s financial statements were correct.

The son insisted he would never sign something that was inaccurate.

“I relied on one of the biggest accounting firms in the country. And I relied on a great legal team. And when they gave me comfort that the statement was perfect, I was more than happy to execute,” he said.

Eric Trump’s comments echoed those of his brother, Donald Trump Jr., whose testimony earlier this week appeared to be laying groundwork to blame any irregularities in the financial statements on the Trump Organization’s longtime outside accountant, Donald Bender. Trump Jr. testified that the company “relied heavily on” Bender as “a point person for just about anything we did, accounting wise.”

James’ lawsuit alleges that Donald Trump, his company and top executives, including Eric and Donald Jr., conspired to exaggerate his wealth by billions of dollars on his financial statements. The documents were given to banks, insurers and others to secure loans and make deals.

Another executive of his father’s company testified that Eric Trump was on a video call about his father’s financial statement as recently as 2021. The family and company were aware by then that James’ office was looking into the statements. But Eric reiterated Friday that he had no memory of the call.

“I get thousands of calls,” he said, saying he picks up his phone at 5 a.m. and puts it down at midnight.

Earlier in the trial, appraiser David McArdle testified that Eric Trump took an active interest a decade ago in appraisals of some Trump-owned properties, including a golf course where the family envisioned 71 high-end townhomes in New York’s suburban Westchester County. In an email at the time, McArdle said that “Eric Trump has lofty ideas on value,” assuming the townhouses would easily sell for $1,000 per square foot.

The Trump son has testified that he barely remembers McArdle. But as for his own views on the potential development’s value, “I think a thousand dollars per square foot would absolutely be achievable, yes,” he told the court Thursday. The villas were never built.

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.

Denver 7+ Colorado News Latest Headlines | November 3, 11am

Share this @internewscast.com
You May Also Like

Court Overturns Ban, Allowing CREW to Investigate DOGE

President-elect Donald Trump is seen listening to Elon Musk as they attend…

Emily Pike: Arizona Governor Enacts ‘Emily’s Law’ to Aid in Locating Missing Indigenous Individuals, Inspired by the Tragic Murder of a Young Native American Girl

Arizona’s governor enacted a new law on Tuesday to establish an alert…

Court Clerk Accused of Office Misconduct During Murdaugh Trial

Rebecca “Becky” Hill, the former court clerk in South Carolina during the…

Man Attempting to Destroy Evidence by Burning Woman’s Body Accidentally Triggers Wildfire

Inset images: Victor Serriteno and Priscilla Castro, courtesy of the Vacaville Police…

Man Suffered Stroke While Being Accused of DWI by Police, Lawsuit Claims

The U.S. District Courthouse in Springfield, Mo., where Paul Espinosa filed a…

Police Report: Teen Ambushed Victim Outside McDonald’s

Background: News footage of the McDonald’s in Clovis, Calif. where Caleb Quick…

The 11th Circuit Court Halts Florida Law Targeting Drag Shows

Left: FILE — Florida Governor Ron DeSantis delivers remarks during a public…

School Crossing Guard Accused of Assaulting Teen Girl in His Garage

A Pennsylvania school crossing guard has been arrested and charged with repeatedly…

Father Convicted in Death of Infant ‘Strawberry’ Learns Sentence

Inset: Jacob Kubai (Polk County Sheriff’s Office). Background: Kubai at his first…

Judge Moves to Dismiss Charges for Alleged ICE Interference

Background: Milwaukee County Judge Hannah Dugan appears in court (WTMJ/YouTube). Inset: A…

Church Musician Sentenced for Murdering His Family

Inset: William Broyles (WTLV). Background: The block where Broyles killed his wife…

Police Report: Suspect Pursues and Fatally Shoots Teenage Victim

Inset: Amillier “Milli” Penn (Brown’s Funeral Home). Background: Memorial in Grand Rapids,…