By Jack Queen
NEW YORK (Reuters) -Eric Trump testified on Friday that he relied on accountants and lawyers to verify the accuracy of financial documents that a judge has ruled to be fraudulent, in a trial that threatens to hobble his father Donald Trump’s real estate empire.
His testimony wrapped up before noon. Up next is Donald Trump, who is scheduled to take the witness stand on Monday.
In a second day on the witness stand, the former U.S. president’s second son was confronted with evidence showing that he had signed off on the accuracy of his father’s financial statements when securing loans for trophy properties including the Trump National Doral golf club in Florida.
State lawyer Andrew Amer also presented emails where Eric Trump discussed classifying his father’s Mar-a-Lago estate in Florida as a private residence, which would boost its value, rather than a club that hosted guests and social events.
That undercut Eric Trump’s testimony on Thursday that he knew nothing about those estimates, which Judge Arthur Engoron found were fraudulently inflated to win favorable terms from lenders and insurers.
He said he counted on others to ensure they were accurate. “I relied on one of the biggest accounting firms in the country and I relied on a great legal team, and when they gave me comfort that the statement was perfect, I was more than happy to execute it.”
Eric said he did not recall many of those interactions or was only involved with them peripherally while he oversaw other aspects of the sprawling business.
“I pick my phone up at five in the morning and I put it down at midnight. I have thousands of calls,” he said with irritation under questioning by Amer.
Because Engoron has already ruled that Trump and his company fraudulently inflated asset values, the trial is largely about what penalty they should face.
New York Attorney General Letitia James is pressing for penalties of up to $250 million and a permanent ban on all three Trumps owning companies in their home state, among other restrictions.
Trump has denied wrongdoing and has accused James and Engoron of political bias in extensive comments online and in person.
Trump has been fined $15,000 for twice violating a limited gag order that prevents him from publicly criticizing court staff. Trump’s lawyer Christopher Kise on Friday objected to that gag order, as he has several times before, but Engoron said he was not inclined to change it.
The trial, which is expected to last until December, is one of several legal troubles confronting Trump as he campaigns to win back the White House.
He faces a total of 91 felony charges in four separate criminal cases, including two stemming from his attempts to overturn his 2020 election loss to Democrat Joe Biden.
Nevertheless, he holds a commanding lead over his rivals for the Republican presidential nomination.
The New York fraud trial has so far seen dramatic appearances by Trump’s former lawyer and fixer Michael Cohen, who testified that Trump directed him to inflate asset values to make him appear more wealthy.
Trump’s other son, Donald Jr., testified this week that he had little to do with those valuations when he and Eric controlled the company during their father’s 2017-2021 stint in the White House.
Trump’s daughter Ivanka is due to testify on Wednesday. She is not a defendant in the case.
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