CNN: ‘Ivanka Trump Testifies in New York Civil Fraud Trial’

Source:CNN Donald J. Trump's 1st daughter Ivanka Trump.

Source:The New Democrat

“Ivanka Trump, the eldest daughter of Donald Trump, has taken the stand to testify in the civil fraud trial against her father, her brothers Eric and Donald Jr., and their company.”

From CNN 

“Ivanka Trump spent roughly two hours on the witness stand Wednesday in her father’s civil fraud trial, answering questions about her role at the Trump Organization and an apartment she leased in one of her father’s buildings.

The former president’s daughter is no longer a defendant in the case, but she is the final witness the New York attorney general’s office plans to call in its case against Trump, his sons and his business.

The trial is currently in a lunch break.

Here are highlights from her testimony so far:

Questions about financing loans through Deutsche Bank: She was questioned at length about the financing of loans for the Doral Golf Resort & Spa in Florida through Deutsche Bank.

The loans are a key part of the case because they required Trump to submit annual financial statements – and the attorney general alleges those statements were falsified to inflate Trump’s net worth and obtain better loan rates.

AG attorney Louis Solomon showed email communications Ivanka Trump had in shopping around potential financing terms from several lenders to fund Trump Org. for the Doral property. Donald Trump’s financial statements were shared with some of the potential lenders.

Louis Solomon, a lawyer for the attorney general’s office, showed emails during questioning where Ivanka Trump proposed lowering the required net worth for her father under the loan agreement with Deutsche Bank.

The final agreement for the Deutsche Bank loan required Donald Trump, as the guarantor, to maintain a minimum net worth of $2.5 billion.

One earlier draft of the loan terms proposed by the bank required Trump maintain a $3 billion net worth. Ivanka Trump proposed a change to lower the net worth requirement to $2 billion, in an email Solomon showed in court.

Penthouse apartment: She distanced herself from any knowledge of a discrepancy in the value of a penthouse apartment she leased in Trump Park Avenue.

Ivanka Trump had a purchase option on the apartment for $8.5 million, but the value on Trump’s financial statement was $20.8 million, according to the attorney general’s civil complaint.

Solomon asked whether the value of her purchase option was factored into her father’s financial statement.

“As I had told you a year-and-a-half ago, I wasn’t involved in his statement of financial condition, so I can’t say what it took into account or didn’t take into account,” she responded.

Old Post Office project: She acknowledged the General Services Administration asked for “clarification on several matters” about Donald Trump’s financial statements submitted with a bid for the lease on the Old Post Office in Washington.

Ivanka Trump said she recalled going to Washington to make a presentation to GSA on Trump Org. proposal for the building.

She and her father both spoke at the presentation meeting with GSA officials, she said.

“Do you recall that meeting discussing Donald J. Trump financial statements in any way shape or form?” Solomon asked.

“No I don’t recall that,” she said.

Ivanka Trump said she recalled the December 2011 meeting was a big-picture presentation “bringing the project to life.”

“Not financial statements or anything granular like that,” she said.”

From CNN

As I wrote on The New Democrat yesterday: 

“Ivanka was involved in the financing of a major Washington hotel project that the Trump Organization was putting together in in 2015/16. She knows about Trump Org’s finances, at least during that period before her father was elected President and she moved to Washington to work in his White House.

So Ivanka could act like a comatose patient whose just waking up, or someone whose suffering from a concussion. But unless she has a doctor’s note that says she’s too sick to speak truthfully about what she knows, she’s going to have to answer questions about her involvement in the Trump Organization, or plead the 5th.

I guess Ivanka could refuse to answer NYAG’s questions truthfully, or plead the 5th, and be held in contempt. But can you really see Ivanka Trump in an orange, jail suit? I doubt that would be good for her brand either. Again, as they say in reality TV/celebrity TV world. Not my words, necessarily.”

To sum this up and career prosecutor Nick Ackerman already talked about this during the CNN video: NYAG already knows what Ivanka Trump knows about the Trump Organization’s financing of their Washington hotel back in 2015-16, that she apparently made 4 million dollars from and they have the paperwork and documents to prove that.

This is just a matter if Ivanka will acknowledge that under oath, or play braindead, maybe she forgot to bring her memory to the courtroom, etc. But NYAG will have the paperwork with her signature on it, making it clear that she signed off on that paperwork, since she was in charge of that project. And it’s just a question whether or not she honestly acknowledge that under oath, which her brothers already did for their role in Trump Org’s financing, or risk perjuring herself under oath.