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Former President Donald Trump speaks to the media after testifying at his civil fraud trial in New York on November 6, 2023.
03:24 – Supply: CNN
Michael Cohen reacts to testimony about Eric Trump
Trump’s workforce has argued the monetary statements weren’t necessary to the choices by lenders to mortgage cash or by insurers to underwrite insurance policies. Furthermore, they argue no banks misplaced any cash and none have claimed they had been defrauded or misled by the monetary statements.
In September, earlier than the trial started, Engoron dominated that the Trumps engaged in “persistent and repeated fraud” by inflating the worth of belongings on the monetary statements.
Ivanka Trump was initially charged within the case, however a courtroom in June dismissed the claims in opposition to her.
The state alleges that the Trumps had been concerned in valuing properties on the monetary statements; that the paperwork had been vouched for by Trump and Trump Jr.; and that they had been handed on to exterior accountants, lenders, insurers and authorities officers concerned in two properties.
Trump’s legal professionals projected they’ll full their protection case by December 15.
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