{"id":46796,"date":"2023-11-12T07:11:02","date_gmt":"2023-11-12T07:11:02","guid":{"rendered":"https:\/\/innodebt.com\/politics\/what-to-know-about-the-trump-fraud-trial-defense-and-donald-trump-jr-s-testimony\/"},"modified":"2023-11-12T07:11:03","modified_gmt":"2023-11-12T07:11:03","slug":"what-to-know-about-the-trump-fraud-trial-defense-and-donald-trump-jr-s-testimony","status":"publish","type":"post","link":"https:\/\/innodebt.com\/?p=46796","title":{"rendered":"What to know about the Trump fraud trial defense and Donald Trump Jr.\u2019s testimony"},"content":{"rendered":"<div data-editable=\"content\" itemprop=\"articleBody\" data-reorderable=\"content\">\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cloughxr400033b6hcmlqzd6n@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      When Donald Trump launches his defense Monday against allegations\u00a0that he, his adult sons and his business defrauded lenders and insurers to enrich themselves, the first witness his lawyers will call is the former president\u2019s eldest son, Donald Trump Jr., as they aim to convince the judge that they didn\u2019t intentionally do anything wrong.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cloughxr400043b6hjxa1d2p7@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      Trump Jr., a defendant in the case, testified earlier this month when he was called by New York Attorney General Letitia James\u2019 office, which filed the fraud lawsuit.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cloughxr400053b6heiwl7ed7@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      Under oath, he denied any role in the preparation of his father\u2019s financial statements and said he consulted with lawyers and accountants before he signed off on the statements as trustee of his father\u2019s trust and certified their accuracy annually to banks that loaned them millions of dollars. The Trumps have also argued that the banks were happy to have their business.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cloughxr400063b6huotwp34g@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      Trump\u2019s lawyers, launching their case in the seventh week of the trial, are recalling some of the state\u2019s witnesses as they present their defense to the allegations.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cloughxr400073b6hh16u5hy6@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      In addition to Trump Jr., Trump attorneys have said they are likely to call back Eric Trump and the former president, both of whom also previously testified.\n  <\/p>\n<div data-uri=\"cms.cnn.com\/_components\/video-resource\/instances\/clougnf3r00183b6h8dqqajqv@published\" data-component-name=\"video-resource\" data-editable=\"settings\" class=\"video-resource\" data-fixed-ratio=\"16x9\" data-parent-uri=\"cms.cnn.com\/_components\/video-resource\/instances\/h_050896bc2b5c2f0bfcfe0bcd729feba4@published\" data-video-id=\"politics\/2023\/10\/07\/cohen-eric-trump-fraud-trial-ebof-intv-vpx.cnn\" data-live=\"\" data-analytics-aggregate-events=\"true\" data-custom-experience=\"\" data-asset-type=\"hlsTs\" data-medium-env=\"prod\" data-autostart=\"unmuted\" data-show-ads=\"true\" data-source=\"CNN\" data-featured-video=\"true\" data-headline=\"Michael Cohen reacts to testimony about Eric Trump\" data-description='The former controller of the Trump Organization &lt;a href=\"https:\/\/www.cnn.com\/2023\/10\/06\/politics\/eric-trump-fraud-trial\/index.html\" target=\"_blank\"&gt;said that Eric Trump directed him to make certain decisions that led to the inflated valuations of several Trump properties&lt;\/a&gt;. Attorneys for Eric Trump have argued he was not aware that any phone conversations with McConney were used to formulate value assets in the financial statements for Trump properties. Former Trump attorney Michael Cohen reacts.' data-duration=\"03:24\" data-source-html='&lt;span class=\"video-resource__source\"&gt; - Source:\n                &lt;a href=\"https:\/\/www.cnn.com\/\" class=\"video-resource__source-url\"&gt;CNN&lt;\/a&gt;\n    &lt;\/span&gt;' data-fave-thumbnails='{\"big\": { \"uri\": \"https:\/\/media.cnn.com\/api\/v1\/images\/stellar\/prod\/231006210543-cohen.jpg?c=16x9&amp;q=h_540,w_960,c_fill\" }, \"small\": { \"uri\": \"https:\/\/media.cnn.com\/api\/v1\/images\/stellar\/prod\/231006210543-cohen.jpg?c=16x9&amp;q=h_540,w_960,c_fill\" }  }' data-vr-video=\"false\" data-show-html='&lt;a data-uri=\"cms.cnn.com\/_components\/show\/instances\/show_4E71F009-862D-73F6-CD76-6FE946F4C52F@published\" href=\"https:\/\/www.cnn.com\/shows\/erin-burnett-out-front\" class=\"show show__showlink-url\"&gt; Erin Burnett Out Front\n    &lt;\/a&gt;' data-byline-html='&lt;div data-uri=\"cms.cnn.com\/_components\/byline\/instances\/byline_h_050896bc2b5c2f0bfcfe0bcd729feba4-video-resource@published\" class=\"byline\" data-editable=\"settings\"&gt;\n&lt;\/div&gt;' data-check-event-based-preview=\"\" data-network-id=\"\" data-details=\"\"><\/p>\n<div id=\"player-cms.cnn.com\/_components\/video-resource\/instances\/clougnf3r00183b6h8dqqajqv@published\" class=\"video-resource__wrapper\">\n<div class=\"video-resource__image\">\n<div data-uri=\"cms.cnn.com\/_components\/image\/instances\/thumbnail-image-0c6b27f86c0508425f2947750bb1b72d@published\" class=\"image image__hide-placeholder\" data-image-variation=\"image\" data-name=\"cohen\" data-component-name=\"image\" data-observe-re data-breakpoints=\"{\" image--eq-extra-small=\"\" data-original-ratio=\"0.5625\" data-original-height=\"1080\" data-original-width=\"1920\" data-url=\"https:\/\/media.cnn.com\/api\/v1\/images\/stellar\/prod\/231006210543-cohen.jpg?c=original\" data-unselectable=\"true\">\n<div class=\"image__container \" data-image-variation=\"image\" data-breakpoints=\"{\" image--eq-extra-small=\"\">\n       <picture class=\"image__picture\"><\/picture>\n    <\/div>\n<\/div><\/div>\n<\/p><\/div>\n<div class=\"video-resource__details\">\n<p>Michael Cohen reacts to testimony about Eric Trump<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cloughxr400093b6h59kz8rqd@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      The thrust of the Trump defense is that the financial statements were not misleading and that different people can\u00a0come up with\u00a0different values for the same property.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cloughxr4000a3b6haptx08ok@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      The defense has argued that there was no intent to defraud banks or insurers, in part because the Trump family relied on accountants, and that any differences in values on the properties were not meaningful.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cloughxr4000b3b6h0i3e2ije@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      Trump\u2019s team has argued the financial statements were not important to the decisions by lenders to loan money or by insurers to underwrite policies. Moreover, they argue no banks lost any money and none have claimed they were defrauded or misled by the financial statements.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cloughxr4000c3b6hs0riigxx@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      When Trump Jr. takes the stand, he will be questioned by attorneys representing the Trump family and business. That will allow greater leeway in the kinds of questions and answers he can give than when he was quizzed by lawyers for the state. It will also open him up to cross-examination by the state\u2019s lawyers.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cloughxr5000d3b6h3deqvon2@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      The Trumps\u2019 attorneys didn\u2019t cross-examine the former president or any of the family members \u2013 lawyers doing cross-examination are limited to questions that fall within the scope of the state attorney\u2019s questions. By recalling Trump Jr. and the others, their answers can be more explanatory and not limited to the \u201cyes\u201d or \u201cno\u201d responses that the attorney general\u2019s office had tried to insist on.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cloughxr5000e3b6hp0jqhjrq@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      Donald\u00a0Trump said in testimony that his lawyers will call bankers to testify about the processes they used in underwriting decisions. And their team plans to call Trump Organization executives and several expert witnesses about valuations and accounting.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cloughxr5000f3b6ho9ec6bbz@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      Judge Arthur\u00a0Engoron\u00a0said Thursday he would allow Trump\u2019s lawyers to call the expert witnesses, rejecting an effort by the attorney general\u2019s office to block their testimony.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cloughxr5000h3b6h6ulbvho5@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      In September, before the trial began, Engoron ruled that the Trumps engaged in \u201cpersistent and repeated fraud\u201d by inflating the value of assets on the financial statements.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cloughxr5000i3b6hqwc2nhm5@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      The state is attempting to prove six other claims, including conspiracy, falsifying business records, issuing false financial statements, and insurance fraud. The attorney general\u2019s office is seeking to collect millions of dollars in ill-gotten gains and to ban the Trumps from doing business in New York state.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cloughxr5000j3b6h6tr5y9pe@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      Over six weeks, state attorneys introduced hundreds of pages of documents and called 25 witnesses, including Trump, his sons and his eldest daughter, Ivanka Trump, before resting their case last week. They also called accountants, current and former Trump Organization officials, appraisers, an insurance underwriter, a bank risk officer, and Michael Cohen, Trump\u2019s former attorney. In addition, the state called an expert witness who testified that the Trumps improperly made at least $168 million from better interest rates on loans.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/clouhftk000003b6i2fe0o2gd@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      Ivanka Trump was originally charged in the case, but a court in June dismissed the claims against her.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cloughxr5000k3b6h09v6hk6m@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      The state alleges that the Trumps were involved in valuing properties on the financial statements; that the documents were vouched for by Trump and Trump Jr.; and that they were passed on to external accountants, lenders, insurers and government officials involved in two properties.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cloughxr5000l3b6h38q60uvc@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      Trump\u2019s lawyers projected they will complete their defense case by December 15.\n  <\/p>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnn.com\/2023\/11\/12\/politics\/trump-fraud-defense-what-to-know\/index.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When Donald Trump launches his defense Monday against allegations\u00a0that he, his adult sons and his business defrauded lenders and insurers to enrich themselves, the first witness his lawyers will call is the former president\u2019s eldest son, Donald Trump Jr., as they aim to convince the judge that they didn\u2019t intentionally do anything wrong. Trump Jr., [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":46797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[39],"tags":[],"class_list":{"0":"post-46796","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-politics"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What to know about the Trump fraud trial defense and Donald Trump Jr.\u2019s testimony | Innodebt<\/title>\n<meta name=\"description\" content=\"When Donald Trump launches his defense Monday against allegations\u00a0that he, his adult sons and his business defrauded lenders and insurers to enrich\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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