In NY fraud trial, Eric Trump says he relied on others to verify
documents
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[November 04, 2023]
By Jack Queen
NEW YORK (Reuters) -Eric Trump testified on Friday that he relied on
accountants and lawyers to verify the accuracy of financial documents
that a judge has ruled to be fraudulent in a trial that threatens to
hobble his father Donald Trump's real estate empire.
His testimony wrapped up before noon. Up next is the former president,
who is scheduled to take the witness stand on Monday.
In a second day on the witness stand, Trump's second son was confronted
with evidence showing that he had signed off on the accuracy of his
father's financial statements when securing loans for trophy properties
including the Trump National Doral golf club in Florida.
State lawyer Andrew Amer also presented emails where Eric Trump
discussed classifying his father's Mar-a-Lago estate in Florida as a
private residence, which would boost its value, rather than a club that
hosted guests and social events.
That undercut Eric Trump's testimony on Thursday that he knew nothing
about those estimates, which Judge Arthur Engoron found were
fraudulently inflated to win favorable terms from lenders and insurers.
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He said he counted on others to ensure they were accurate. "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 it."
Eric said he did not recall many of those interactions or was only
involved with them peripherally while he oversaw other aspects of the
sprawling business.
"I pick my phone up at five in the morning and I put it down at
midnight. I have thousands of calls," he said with irritation under
questioning by Amer.
Because Engoron has already ruled that Trump and his company
fraudulently inflated asset values, the trial is largely about what
penalty they should face.
New York Attorney General Letitia James is pressing for penalties of up
to $250 million and a permanent ban on all three Trumps owning companies
in their home state, among other restrictions.
Trump has denied wrongdoing and has accused James and Engoron of
political bias in extensive comments online and in person.
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![](../images/110423PIX/news_v1.jpg)
Former U.S. President Donald Trump's son and co-defendant, Eric
Trump gestures as he leaves the courtroom after attending the Trump
Organization civil fraud trial, in New York State Supreme Court in
the Manhattan borough of New York City, U.S., November 2, 2023.
REUTERS/Shannon Stapleton
![](http://archives.lincolndailynews.com/2023/Nov/04/images/ads/current/countryfinancial_lda_PPP_2023.png)
Trump has been fined $15,000 for twice violating a gag order that
prevents him from publicly criticizing court staff. Later on Friday,
Engoron expanded that gag order to cover Trump's lawyers as well
after one of them, Christopher Kise, objected to the judge's chief
clerk passing notes to the judge during the trial.
Engoron first imposed the gag order on Oct. 3 after Trump shared on
social media a photo of the clerk posing with U.S. Senate Majority
leader Chuck Schumer, a Democrat, and falsely called her Schumer's
"girlfriend."
The trial, which is expected to last until December, is one of
several legal troubles confronting Trump as he campaigns to win back
the presidency in 2024. He faces a total of 91 felony charges in
four separate criminal cases, including two stemming from his
attempts to overturn his 2020 election loss to Democrat Joe Biden.
Nevertheless, he holds a commanding lead over his rivals for the
Republican nomination to challenge Democratic President Joe Biden in
next year's election.
The New York fraud trial has so far featured dramatic appearances by
Trump's former lawyer and fixer Michael Cohen, who testified that
Trump directed him to inflate asset values to make him appear more
wealthy.
Trump's other adult son, Donald Jr., testified this week that he had
little to do with those valuations when he and Eric controlled the
company during their father's 2017-2021 presidency.
Trump's daughter Ivanka is due to testify on Wednesday. She is not a
defendant in the case.
(Reporting by Jack Queen; Writing by Andy Sullivan; Editing by Scott
Malone, David Gregorio and Nick Zieminski)
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