BEDMINSTER, NEW JERSEY - JULY 28: Former U.S. President Donald Trump and son Eric Trump take part in the pro-am prior to the LIV Golf Invitational - Bedminster at Trump National Golf Club Bedminster on July 28, 2022 in Bedminster, New Jersey. (Photo by Cliff Hawkins/Getty Images)
On Thursday, Eric Trump was caught contradicting his own testimony about his knowledge of his father’s company’s financial statements.
In his deposition, Eric claimed he had “never worked” on the Trump Organization’s statement of financial condition and was unaware of it until the bank fraud trial “came to fruition.”
On the witness stand, Eric admitted he had known about them since 2013 when confronted with evidence from the state’s attorney.
Eric and his brother, Donald Trump Jr., spent the majority of Wednesday and Thursday on the stand, where they both claimed to have forgotten many details from the time they spent as the Trump Organization’s top executives.
Don Jr. claimed he was unable to remember the period in 2021 in which he was removed and reinstated as a trustee of the Donald J. Trump Revocable Trust, whether his father was a trustee and why his father added himself back as a trustee while he was president. He also claimed to not recall whether or not he had worked on his father’s statement of financial condition.
The brothers’ testimony attempted to place the responsibility for the faulty financial statements on the company’s accounting team, which includes former CFO Allen Weisselberg and their accounting firm, Mazars USA.
Donald Trump and his two sons are accused of massively overvaluing Trump’s net worth, and their subsequent deception of multiple banks and insurers in the $250 million New York bank fraud trial. The figures were skewed by hundreds of millions of dollars.
Judge Arther Engoron previously ruled that Trump and his sons committed fraud and had stripped the Trump Organization of its business certificates. Trump continues to fight to appeal this decision.
Trump and his daughter, Ivanka Trump, are set to testify next week. Ivanka appealed the ruling that she must participate but on Thursday, an appeals court denied her motion.
An appraiser for the Trump Organization testified last week that Eric pressured him for a “lofty” valuation of the company’s properties.
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