Trump's adult sons, codefendants in fraud trial, set to testify
Trump's adult sons, codefendants in fraud trial, set to testify
Donald Trump's sons, Donald Jr. and Eric, are expected to testify in a civil trial for financial fraud that could have severe consequences for their father's business empire. The trial alleges that the Trump Organization fraudulently inflated the value of its assets to secure favorable loans and insurance deals. If convicted, Donald Trump could face a $250 million fine and be banned from managing companies in New York state. The trial has already revealed evidence of asset overstatements ranging from $812 million to $2.2 billion between 2014 and 2021.
Donald Trump's sons, Donald Jr. and Eric, are expected to testify in a civil trial for financial fraud that could have severe consequences for their father's business empire. The trial alleges that the Trump Organization fraudulently inflated the value of its assets to secure favorable loans and insurance deals. If convicted, Donald Trump could face a $250 million fine and be banned from managing companies in New York state. The trial has already revealed evidence of asset overstatements ranging from $812 million to $2.2 billion between 2014 and 2021.