When Donald Trump became president in 2017, he handed day-to-day management of his real estate empire to his eldest sons, Donald Jr. and Eric.
James, a Democrat, alleges that Donald Trump, his company and top executives, including Eric and Donald Trump Jr., conspired to exaggerate his wealth by billions of dollars on financial statements that were given to banks, insurers and others to secure loans and make deals. Before the trial, Judge Arthur Engoron ruled that Trump's financial statements were fraudulent. He ordered that a court-appointed receiver seize control of some of his companies — potentially stripping him and his family of such marquee properties as Trump Tower — though an appeals court has halted enforcement for now.Like their father, both brothers have denied wrongdoing.
"It doesn't matter what the rules are, it doesn't matter what the Constitution says, it doesn't matter what general practices and business would be," Donald Trump Jr. said Monday on Newsmax."It doesn't matter. They have a narrative, they have an end goal, and they'll do whatever it takes to get there."
Donald Trump Jr. and Eric Trump have already been heard from at the trial, albeit in snippets of prior testimony. During opening statements on Oct. 2, state lawyers showed about a minute each from sworn depositions the brothers gave in the case. In his March 2023 deposition, Eric Trump testified,"I don't think I've had any involvement in the Statement of Financial Condition, to the best of my knowledge." He appeared to minimize his role as a top company executive, testifying that he tried to remain"siloed into the things I care and are passionate about" while sharing management responsibilities with his brother.
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