Like her brothers Donald Trump jnr and Eric Trump, who testified last week, Ivanka Trump sought to distance herself from the questionable valuation methods that have already been ruled fraudulent by the judge overseeing the trial.<\/p>\n
<\/p>\n
Ivanka Trump arrives at New York Supreme Court in New York.<\/span>Credit: <\/span>AP<\/cite><\/p>\n Trump, by contrast, has acknowledged on the witness stand that some of the estimates of golf courses, office towers and other company assets were inaccurate.<\/p>\n The lawsuit by New York Attorney General Letitia James, a Democrat, accuses Trump and his family businesses of manipulating real estate asset values to dupe lenders and insurers and embellish Trump\u2019s reputation as a successful businessman.<\/p>\n Unlike her siblings and father, Ivanka Trump is not a defendant in the case.<\/p>\n As a top executive at the Trump Organisation between 2011 and 2017, Ivanka said she focused on redeveloping the Doral golf course in Florida and the Old Post Office property in Washington.<\/p>\n At the trial, she was shown a 2011 email in which she acknowledged that a requirement by lender Deutsche Bank that her father maintain a net worth of at least $US3 billion was a problem but encouraged company officials to approve it anyway.<\/p>\n \u201cWe wanted to get a great rate and the only way to get proceeds\/term and principal where we want them is to guarantee the deal,\u201d she wrote to a Trump Organisation lawyer.<\/p>\n The two sides ultimately agreed to set the net-worth requirement at $US2.5 billion, even though her father claimed a net worth of $US4.3 billion that year.<\/p>\n Donald Trump and Ivanka.<\/span>Credit: <\/span>Jeff J Mitchell<\/cite><\/p>\n On the witness stand, she said she favoured the deal but did not recall specific terms. \u201cI felt generally that the deal terms with Deutsche Bank for Doral were positive,\u201d she said.<\/p>\n She was also shown a 2011 email she received from the federal government expressing concern about irregularities in Trump\u2019s financial statements as the company was proposing to redevelop the Old Post Office, a federal property.<\/p>\n She again said she did not recall specifics. \u201cThere were many emails, many conversations,\u201d she said.<\/p>\n Trump, who leads his rivals for the 2024 Republican presidential nomination despite a maelstrom of legal troubles, has denied wrongdoing and accused James and Justice Arthur Engoron of political bias and \u201celection interference.\u201d He repeated those claims on social media late on Tuesday, saying it was \u201cSad!\u201d that Ivanka was being forced to testify.<\/p>\n During defiant and rambling testimony on Monday, Trump acknowledged that valuations for his properties were not always accurate but said the errors were not relevant to the financial institutions that used them to price deals.<\/p>\n Donald jnr and Eric Trump testified last week that the financial documents at the heart of the case were not their responsibility, though emails and other documents showed they may have been more involved than their testimony indicated.<\/p>\n Ivanka joined her father during his 2017-2021 term in the White House, leaving her brothers in charge of the company during that time.<\/p>\n James said Ivanka nevertheless was involved in manipulating property values.<\/p>\n \u201cShe will attempt today to distance herself from the company, but unfortunately the facts will reveal that in fact she was very much involved,\u201d James said on the courthouse steps.<\/p>\n In a ruling that found Trump, his adult sons and 10 of his companies liable for fraud, Engoron described in scathing terms how the defendants made up valuations. His ruling could strip Trump\u2019s control of some of his best known properties, though that order is on hold during appeal.<\/p>\n James is seeking $US250 million in fines, as well as restrictions that would prevent Trump and his adult sons from doing business in New York.<\/p>\n In addition to this case, Trump is a defendant in four separate criminal cases, including two stemming from his attempts to overturn Democrat Joe Biden\u2019s 2020 presidential election victory.<\/p>\n Nevertheless, opinion polls show he holds a commanding lead over Republican rivals to face Biden next year.<\/p>\nConcerns about Trump net worth<\/strong><\/h3>\n
<\/p>\n