Ivanka Trump Takes the Stand in New York Fraud Trial

1 min read
Source: CNN
Ivanka Trump Takes the Stand in New York Fraud Trial
Photo: CNN
TL;DR Summary

Ivanka Trump testified in the New York civil fraud trial against her father and his company, answering questions about her business background and work at the Trump Organization. She confirmed receiving a profit from the sale of the Old Post Office building and stated that she did not believe she received any compensation from Trump Org. entities since leaving in 2017, except for the proceeds from the sale and a fixed income amount from a consulting entity. She also mentioned her connection to Deutsche Bank loans through her husband Jared Kushner, which were used for various Trump properties. Cameras were not allowed in the courtroom for her testimony. The trial seeks to determine the liability of Trump and his co-defendants for fraudulent business practices and inflated assets, with potential consequences including hefty damages and dissolution of Trump's companies. The New York attorney general argues that Ivanka Trump was "inextricably tied" to the Trump Organization and the properties she helped secure financing for.

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