Tag Archives: Trump Organization

Ivanka Loses Appeal To Evade Testifying In Fraud Trial

The Messenger reports: The former president’s daughter Ivanka Trump lost her bid Thursday to pause her upcoming testimony on Wednesday, shortly after her father is anticipated to take the stand in his $250 million civil fraud case. The two-page order of New York’s Appellate Division, First Department rejected her motion for a stay pending appeal. Though it does not resolve …

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Junior At Fraud Trial: I Know Nothing About Our Books

The Guardian reports: Donald Trump Jr took the stand in the ongoing fraud trial against his father and the family business on Wednesday and tried to distance himself from the financial statements at the center of the case. When asked to slow down, the fast-talking Trump Jr said: “I apologize, your honor. I moved to Florida but I kept the …

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Ivanka To Appeal Order To Testify In NY Fraud Trial

The Messenger reports: Ivanka Trump’s attorney notified a judge on Wednesday that she plans to appeal an order enforcing a subpoena compelling her testimony in her father’s civil fraud case. Former President Donald Trump and his sons Eric Trump and Donald Trump Jr. have been on trial for the better part of four weeks over claims that they fraudulently inflated …

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Expert Testifies Trump’s Scam Cost Banks $168 Million

The Hill reports: The Trump Organization’s skewed statements of financial condition may have cost banks more than $168 million in interest, according to an expert witness hired by the New York attorney general’s office. Michiel McCarty, chairman and CEO at the investment bank M.M. Dillon & Co., testified Wednesday to his “lost interest calculations” for banks that handed out loans …

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TODAY: Trump Junior To Testify In New York Fraud Trial

The Associated Press reports: When Donald Trump became president in 2017, he handed day-to-day management of his real estate empire to his eldest sons, Donald Jr. and Eric. Now, as the Trumps fight to keep the family business intact, the brothers are set to testify in the New York civil fraud case that threatens their Trump Organization’s future. Donald Trump …

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Conway: Trump Will Have To “Liquidate Everything”

“He’s already been found to have committed fraud, that his books and records, that his statements of financial condition are false. And the judge has already ruled that there was no triable issue of fact on whether or not they were false. And as a result, the judge said– ordered that Trump and the Trump Organization, the ability to do …

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Trump’s Lawyers Argue He Can’t Be Taken Literally

The Daily Beast reports: With the former president sitting in the courtroom, Donald Trump’s lawyers moved into their next phase of attack at his bank fraud trial on Tuesday, arguing that his vastly inflated property values were never official appraisals—and weren’t ever meant to be. The tactic centers on the idea that prices are totally relative, and Trump’s guess is …

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Trump Hotels Accountant Admits “Overstating” Assets

ABC News reports: Trump Hotels chief accounting officer Mark Hawthorn testified that in 2018 he inadvertently overstated the value of Trump’s assets by relying on Trump’s statement of financial condition. When an outside accounting firm requested the amount of Trump’s liquid assets, Hawthorn said he consulted the financial statement that listed “cash equivalents in excess of $290 million.” The New …

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How Trump Is Twisting New York Case To Set Up Appeal

The Daily Beast reports: Two weeks into Donald Trump’s bank fraud trial in New York, it’s clear that the former president has no intention of actually trying to win the legal battle at this stage. Instead, Trump’s legal team is working diligently to repurpose the trial as pretext for a future appeal—not to mention warping the proceedings into both a …

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Former Trump Org CFO May Have Committed Perjury

The Messenger reports: The Trump Organization’s former chief financial officer Allen Weisselberg’s testimony reached an abrupt and unexpected end on Thursday afternoon, just hours after Forbes magazine accused the convicted tax cheat of perjuring himself during an earlier stint as a witness. Weisselberg insisted on Tuesday from the witness stand that he “never focused” on calculating the square footage of …

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Trump To Appear In NYC Court For Cohen’s Testimony

The Messenger reports: The former president and 2024 GOP frontrunner plans to fly from Iowa after a Monday rally and head to New York State Supreme Court on Tuesday, Wednesday and Thursday, according to a source familiar with his travel plans. “He wants to be there. This is his personal business, his family business. So it cuts a little closer,” …

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TODAY: Former Trump CFO To Testify In Fraud Trial

The Associated Press reports: As Donald Trump’s longtime finance chief, Allen Weisselberg helped spare the former president’s real estate empire from its last existential threat, staving off insolvency after casino bankruptcies and an airline failure in the 1990s. Now, after a recent jail stint for tax fraud, Weisselberg is front and center again — set to testify Tuesday in the …

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Trump Appeals Judge’s Ruling In New York Fraud Case

Reuters reports: Donald Trump on Wednesday appealed a judge’s refusal to dismiss New York Attorney General Letitia James’ civil fraud lawsuit against him and his family business, two days after the case went to trial. The appeal to the Appellate Division, a mid-level appeals court, was filed as Trump sat in a Manhattan courtroom, watching an accountant who used to …

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Trump Lawyers Appear In Court After Bank Fraud Ruling

The Daily Beast reports: On the heels of yesterday’s critical court ruling ordering the death of the fabled Trump Organization, lawyers for Donald Trump appeared in court on Wednesday to pick up the pieces and make sense of how this can possibly get any worse for the former president. Huge sections of the Trump family’s real estate empire are having …

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Judge Halts Trump’s New York Trial Pending Appeal

Reuters reports: A New York state appeals court judge on Thursday temporarily halted the scheduled Oct. 2 trial in New York Attorney General Letitia James’ fraud lawsuit against Donald Trump and his family business, a spokesman for the court said. The order came after the former U.S. president sued Justice Arthur Engoron, the trial judge overseeing the case, accusing him …

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Trump Sells Rights To NYC Golf Course To Casino Giant

The Associated Press reports: The Trump Organization has sold its right to operate a public golf course in the Bronx, city officials confirmed, offloading control of the publicly-owned property to a company that is seeking to build a casino in New York City. Bally’s Corporation, a gaming and entertainment company, will take over the job of running the 18-hole course, …

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Trump Loses Plea To Delay $250M New York Fraud Trial

CNBC reports: A New York judge on Wednesday rejected Donald Trump’s request to delay his sweeping civil fraud trial, calling the former president’s request “completely without merit.” One day earlier, attorneys for Trump, his two adult sons and his businesses had asked the judge to stay the case until three weeks after he has ruled on competing motions for summary …

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New York AG: Trump Inflated Net Worth By Up To $2.2B

The New York Times reports: Before any of those criminal trials will take place, Mr. Trump is scheduled for a civil trial in New York in October. During the trial, the attorney general, Letitia James, will seek to bar him and three of his children from leading their family business, the Trump Organization, and to require him to pay a …

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NY Judge Rules Banks Can’t Seal Trump Org Records

The Daily Beast reports: Banks and insurance companies trying to keep the public in the dark about their business dealings with Donald Trump ran into a ray of legal sunshine on Tuesday, after a judge ruled that he wouldn’t seal records in the run-up to the New York Attorney General’s upcoming trial against the real estate mogul. A handful of …

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NYC Wants Trump Tower To Pay For Clock On Sidewalk

The New York Times reports: Every year, New York City’s Department of Transportation collects tens of millions of dollars from property owners in return for permission to place street furniture on, over or under city sidewalks. This includes, but is not limited to, signs, filigreed lampposts, benches, bollards, planters, permanent trash receptacles, delivery ramps, underground vaults and just about anything …

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