Eric Trump testifies in civil fraud trial he relied on accountants for financial statements accuracy

James' lawsuit alleges that Donald Trump, his company and top executives, including Eric and Donald Jr., conspired to exaggerate his wealth by billions of dollars.NEW YORK — Eric Trump testified Friday that he was relying on accountants to ensure the accuracy of financial statements that authorities say fraudulently exaggerated his father's wealth and the value of his assets to deceive banks and insurers.

“I get thousands of calls,” he said, saying he picks up his phone at 5 a.m. and puts it down at midnight.a decade ago in appraisals of some Trump-owned properties, including a golf course where the family envisioned 71 high-end townhomes in New York’s suburban Westchester County. In an email at the time, McArdle said that “Eric Trump has lofty ideas on value,” assuming the townhouses would easily sell for $1,000 per square foot.

Donald Trump and other defendants — including sons Donald Jr. and Eric — deny any wrongdoing. The former president has called the case a “sham,” a “scam,” and “a continuation of the single greatest witch hunt of all time.”The former president, who has periodically appeared in court to watch the trial, is expected to follow on the witness stand on Monday.

Source: News Formal (newsformal.com)

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