According to The Epoch Times, Donald Trump Jr., the eldest son of former President Donald Trump, recently testified in the New York fraud case brought forth by Attorney General Letitia James. During his appearance in court, Trump Jr. made a light-hearted remark, jokingly expressing a realization about his appearance while being photographed by pool photographers.
The case primarily revolves around the scrutiny of the financial statements of the Trump Organization, specifically the Statements of Financial Condition (SFC), which detail the family’s assets and the net worth of then-President Trump over the years. The transfer of ownership of the Trump Organization to a trust, overseen by Trump himself as a trustee, has become a key point of interest in the investigation.
Prosecutors directed questions to Trump Jr. regarding his role and responsibilities within the Trump Organization, which he characterized as an encompassing term for the family’s diverse business ventures. His testimony also touched upon the nature of the documents and the accounting standards employed by the organization.
In response to inquiries about the accounting standards utilized, Trump Jr. asserted that he did not possess an in-depth understanding of the technical aspects and relied heavily on the expertise of the professional accountants hired by the Trump Organization for the preparation of the SFCs. He emphasized the accountants’ intimate knowledge of the financial matters and stressed that their expertise was pivotal in ensuring the accuracy and reliability of the financial statements.
These people had incredibly intimate knowledge. I relied on them,” he said. “The accountants worked on it. That’s what we paid them for.”
Trump Jr.’s testimony sheds light on the intricate financial operations within the Trump Organization and underscores the role of expert accountants in the preparation and maintenance of the organization’s financial records. The ongoing trial continues to cast a spotlight on the financial dealings of the Trump family, prompting a comprehensive examination of the accounting practices and standards adhered to by the Trump Organization during the period under scrutiny.
