It’s unclear whether Trump will answer questions or assert his Fifth Amendment rights. against self-blame during behind- Closed testimony.
Trump said in a post on The truth is on social media early Wednesday morning that he will “see James”.for continuation of greatest witch hunt in US history! My great the company and me are being attacked from all sides. Banana republic!”
Some Trump advisers claim that former The President answers questions as he previously testified of his financial sworn statements while others warned him against give any answers because of potential legal hazard he may face, people habitual with it is reported by CNN. The Manhattan District Attorney has a separate current criminal Trump investigation.
Another consideration that has been discussed is people friends say it’s political consequences of without answering questions as Trump is expected to announce that he run for the president in 2024. During the campaign in In 2016, Trump offered not to answer questions sign of guilt. AT campaign stop in Iowa in Trump said in 2016, “If you’re innocent, why are you accepting the Fifth Amendment?”
Lawyer for Trump declined to comment. Representative for lawyer generalx office did not respond immediately for comment.
Trump’s testimony comes to an end of a lengthy New York State investigation into whether the Trump Organization misled creditors, insurers, and tax authorities by providing them with misleading financial statements.
In January James office said it found “significant” evidence indicating that the Trump Organization used false or misleading asset estimates in this is financial applications for loans, insurance and tax benefits. Counsel General’s civil investigation is nearing completion, and decision over enforcement proceedings may be initiated soon.
AT former The President and the Trump organization have previously denied any wrongdoing and called the civil investigation of James, a Democrat, politically motivated. Both James and Trump Traded public spines.
Ivanka Trump’s testimony took place last week, and Trump Jr. got his testimony in end of July people habitual with said the thing.
trump jr, who runs Trump Organization with his brother Eric Trump and Ivanka Trump did not defend their Fifth Amendment rights and answered questions from the state. people said. No it’s not clear what they were specifically asked or what they said. Them decision breaks with Eric Trump and former Trump Organization CFO Allen Weisselberg, who both fought for their rights under the Fifth Amendment more than 500 times when overthrown in 2020.
Questions about Trump net worth
Trump questioned for accuracy of his net worth as well as financial statements in previous lawsuits, some advisers say one reason why he should answer the questions in in current the study.
Did he overvalue? “No further reason”Trump said.
in past Trump tried to impose responsibility for his score decisions on the Weisselberg, while the documents and testimonies seem show that despite Trump claiming that he left these estimates decisions for others he was also deeply involved in manages his business.
Trump said in a 2007 testimony that the only person he dealt with with in preparation of statements of financial the state was Weisselberg.
“I would give my opinion,” Trump said. in indications. “We’ll talk about it,” he said, adding that “ultimately” and “primarily” it was Weisselberg. who came up with in final values that Trump, according to Trump, considers “conservative.”
To a question specifically about swings in values from one year to next Trump had ready explanations.
During his testimony, Trump was interrogated over in family difficult in Westchester County, New York under the name of Seven Springs, where its value nearly doubled. in one year from 80 million dollars in 2005 to $150 million in 2006.
” property valued very low in my opinion, then it became very – it just gone up”Trump said.
He was asked if he had reason for that view other than his own opinion.
“I don’t think so, no,” he said.
In addition to Weisselberg, two others participated. in preparation of in financial statements, Jeff McConnie, Comptroller of the Trump Organization, and Donald Bender, real an external accountant for a real estate firm, both were interviewed by the general’s lawyer office and the District Attorney of Manhattan.
Trump’s lawyers are likely to argue that financial reporting has not been verified, so anyone relying on they would be on notification. AT financial statements reviewed by CNN show they have numerous disclosures indicating that they did not comply with generally accepted accounting principles. In addition, none of creditors lost money on transactions, which may make it difficult to claim that they have been defrauded or misled.
Legal risks for Trump
The testimony poses significant legal risks for the Trumps.
If James sues Trump and the case goes to trial, the jury could reach an “unfavorable conclusion.” against his for without answering questions that may result in a higher judgment against him if he found a responsibility. If he answers questions, it could open the door for potential civilians and criminal duty.
AT criminal the investigation, led by Manhattan District Attorney Alvin Bragg, has slowed but not stopped. Previously this yearBragg did not allow prosecutors present evidence before the state grand jury after raising concerns about strength of case, according to CNN. BUT special grand jury testimony in case expired in April, but new one could sit down in in future.