The civil trial of Donald Trump and his children for financial fraud began recently, attracting the attention of the media and the public around the world. In this case, Donald Trump Jr., one of the former US president’s children, was called to testify in Manhattan court.
During his testimony, Donald Trump Jr. claimed he was unfamiliar with the accounting calculations that were at the heart of the accusation. He also said he had not been involved in preparing the incriminating financial documents, leaving that responsibility to their accounting firm.
However, New York State Attorney General Letitia James was not convinced by Donald Trump Jr.’s statements. She claimed on X (ex-Twitter) that Donald Trump Jr. had long been involved in his family’s fraudulent business operations.
This lawsuit highlights allegations of inflating the assets of the Trump Organization group to obtain better loans and more favorable insurance terms. Lending banks, including Deutsche Bank, may have been misled by these asset valuations and could have set higher interest rates if they had a more accurate picture of Donald Trump’s financial situation.
Although Donald Trump does not face prison time in this civil trial, he could lose control of part of his real estate assets and be sentenced to a significant fine, as well as a ban on managing companies in New York .
This trial is a new step in the numerous legal cases facing Donald Trump, including accusations of electoral pressure and inciting the storming of the Capitol during the 2020 presidential election.
It is clear that this civil trial will have a considerable impact on the financial and political future of Donald Trump and his family. The outcome of this trial will be closely scrutinized and will have repercussions on both a personal and political level.
It therefore remains to be seen how this affair will conclude and what the consequences will be for Donald Trump and members of his family. In the meantime, the world’s eyes are on this civil trial that could shape the future of the former US president and his real estate empire.