Trump’s ‘wonderful and gorgeous’ daughter testifies in court. He says he doesn’t remember the golf course loan | iRADIO

Former US President Donald Trump’s daughter Ivanka testified Wednesday in a New York court in a civil trial in which the ex-president faces charges of fraudulent business activities. Trump and his company, the Trump Organization, face a hundred million fine and a lifetime ban from doing business in the state of New York, US media reported.

New York
11:12 p.m November 8, 2023

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In the family company Trump Organization, Ivanka Trump took care of securing loans and insurance for other investments, i.e. matters that the court has already decided that Trump did fraudulently when he overvalued his assets in order to appear more credible in the eyes of banks and insurance companies.

Trump said she had not worked for her father’s company since January 2017. During Wednesday’s hearing, it was revealed that during her time at the Trump Organization, Trump personally negotiated a $125 million loan from Deutsche Bank to buy the Doral golf resort near Miami , CNN reporters wrote from the courtroom.

In 2012, Trump had to personally guarantee the loan, and one of the conditions for granting the loan was that Trump would maintain liquid assets worth $50 million (about 1.15 billion crowns) each year and that his assets would exceed $2.5 billion (about 57 billion crowns).

Prosecutor Louis Solomon sought to prove that Trump personally suggested that she provide the bank with the Trump Organization’s financial statements, the documents that the indictment alleges Trump falsified, as proof of compliance.

‘You are the best, Rosemary!‘

Trump denied knowing that a June 2011 financial statement showed her father’s net worth was $4.2 billion, CBS reported.

However, according to CNN, the prosecutor submitted to the court correspondence between Trump and Deutsche Bank banker Rosemary Vrablic, which showed that the bank initially wanted to base the loan on Trump’s fortune worth three billion dollars, after which Trump proposed two billion.

Two and a half billion dollars was the resulting compromise. “You’re the best, Rosemary!” Trump wrote to the banker at the end of the email exchange, according to the NYT.

“I don’t recall” or “I don’t remember that” was Trump’s most common response to questions about documents and emails from 2011 when she negotiated a loan for the Doral golf resort with Deutsche Bank, according to media reports.

Documents submitted by the prosecution also show that Trump played a role in financing the purchase of the property that later became Trump’s luxury hotel in Washington, The New York Times (NYT) reported. Compared to her father, who testified on Monday, according to him, Ivanka Trump appeared more calmly in front of the court.

100 million dollars

Judge Arthur Engoron previously ruled that the Trump Organization defrauded banks and insurance companies by exaggerating its assets, according to the prosecutor’s office, by about two billion dollars (almost 46 billion crowns), which enabled the company to become richer by about $100 million (roughly 2.3 billion crowns ).

Now it remains to be determined whether Trump and his company violated New York law and the possible punishment. There is no jury in the process, so the verdict is entirely up to Engoron. Unlike Trump’s other cases, he does not face a prison sentence in this one.

In addition to the amount of the potential sentence, the judge will decide on six other claims by the prosecution, led by New York Attorney General Letitia James, who, among other things, are trying to prove that Trump committed insurance fraud, falsified business records and financial statements, and prepared other crimes in his business activities.

From the Trump family, 42-year-old Ivanka is the fourth and last person to be subpoenaed by the prosecutor’s office. However, unlike her father and two brothers, she is only a witness, not a defendant. She is no longer on the defense witness list, and the state’s representatives had the last chance to question her under oath in the courtroom.

“She will try to distance herself (from the Trump Organization), but the facts will unfortunately reveal that she was indeed very interested,” prosecutor James noted before the start of Wednesday’s hearing.

‘Election interference‘

Donald Trump sharply objected to the subpoena of his “great and wonderful” daughter in a post on his Truth Social network. He again called James “corrupt and racist” and the process as “election meddling”.

Trump has repeatedly linked his numerous legal troubles to an alleged effort to discredit himself ahead of next year’s presidential election, in which he wants to run for re-election.

Ivanka Trump’s lawyers asked that she not have to testify under oath, but Judge Engoron upheld the prosecution’s case, according to which she was “financially and professionally” linked to the Trump Organization.

“The company arranged insurance for her and her business, takes care of her household staff and credit card accounts, rents her an apartment and pays her legal expenses,” The Hill newspaper quotes the prosecutor’s arguments.

At a later stage in her testimony, Trupová denied knowing anything about irregularities in the estimated price of a luxury apartment in the Trump Park Avenue residential skyscraper in New York.

According to CNN, Trump had the opportunity to buy the apartment for 8.5 million dollars (about 195 million crowns), but its value, according to financial statements, was 20.8 million dollars (about 478 million crowns).

“As I stated earlier, I had no involvement in his financial statements, so I can’t say whether they took into account that I was considering a purchase or not,” Trump replied.

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