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Ivanka Trump Leaves Court After Testifying in Civil Fraud Case
Posted
November 8, 2023
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0:15Now PlayingDonald Trump’s daughter Ivanka Trump testified she had no role in preparing his allegedly inflated financial statements and wasn’t aware that he was claiming a net worth of more than $4 billion as she was trying to get a Trump Organization loan for the Doral golf club in Florida in 2011.
“I am not involved in his personal financial statements,” Ivanka Trump, 42, said on the witness stand Wednesday in New York’s civil fraud trial accusing the former president and his real estate company of inflating assets. The state alleges Donald Trump had just $1.6 billion that year, when he claimed to have $4.3 billion.
Deutsche Bank AG agreed to a $130 million loan for Doral in 2011 that was personally guaranteed by Trump, according to records displayed in court. The terms originally required he maintain a net worth of $3 billion, but Ivanka Trump, who was a vice president at the company at the time, negotiated a reduction to $2.5 billion, she told Justice Arthur Engoron.
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