Key takeaways:
- Donald Trump Jr., Ivanka Trump and Eric Trump are set to appear in court this week to testify in the civil fraud trial against their father and the Trump Organization.
- The lawsuit alleges that the Trump family overvalued assets to secure loans and sign deals.
- The Trump children could be “damned if they do and damned if they don’t” when it comes to taking the Fifth Amendment, as it could be seen as an admission of guilt.
Donald Trump Jr., Ivanka Trump and Eric Trump are set to appear in court this week to testify in the civil fraud trial against their father, former President Donald Trump, and the Trump Organization. The lawsuit, brought by New York Attorney General Letitia James, alleges that the Trump family overvalued assets to secure loans and sign deals.
Donald Trump Jr. is set to take the stand Wednesday and will be questioned by lawyers from James’ office about his involvement in and knowledge of the financial statements. Eric Trump is expected to follow his brother on the stand late Wednesday or Thursday, with their father taking the stand on Monday.
James’ office has claimed that the Trump children were “aware of, and knowingly participated in” a long-running scheme to falsely inflate the value of the Trump Organization’s assets. However, according to CNN senior legal analyst Elie Honig, the Trump children could be “damned if they do and damned if they don’t” when it comes to taking the Fifth Amendment.
Honig explains that if the Trump children take the Fifth, it could be seen as an admission of guilt. However, if they choose to answer questions, they could be incriminating themselves. It is unclear how the Trump children will proceed during their testimony.
The $250 million civil fraud trial is set to begin Monday and will be presided over by Judge Arthur Engoron. The outcome of the trial could have major implications for the Trump family and the Trump Organization.
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