ERIC TRUMP GIVES A POWERFUL DEFENSE OF HIS FATHER: ‘HE’S THE TOUGHEST GUY I’VE EVER MET’
Eric Trump Defends His Father After New York Judge Arthur Engoron’s Civil Fraud Suit Decision
- Background: New York Judge Arthur Engoron recently handed down a decision in a civil fraud suit. The suit involved Donald Trump, his sons Eric Trump and Donald Trump Jr., and various real estate holding entities. The case centered around allegations that the defendants submitted false financial statements to banks and insurance companies to obtain better rates on loans and insurance coverage.
- Verdict and Penalties:
- Liability: The court found the defendants liable for over $350 million in the civil fraud suit.
- Personal Guarantees: Donald Trump’s properties, including office buildings, hotels, and golf courses, required significant cash for acquisition and development. Lenders demanded personal guarantees from Donald Trump based on financial statements compiled by accountants. These statements were later found to be fraudulent due to false financial data submitted by the defendants.
- Borrowing Deception: Defendants submitted blatantly false financial data to accountants to borrow more and at lower rates.
- Lack of Remorse: Defendants’ fact and expert witnesses denied reality during the trial, and they failed to accept responsibility or implement internal controls.
- Court Orders:
- Independent Monitor: The court continues the appointment of an Independent Monitor.
- Independent Director of Compliance: An Independent Director of Compliance is ordered to be installed.
- Business Restrictions: Defendants are limited in their right to conduct business in New York for a few years.
- Ban on Authoritative Positions: A temporary, three-year ban is placed on President Trump, Eric Trump, and Donald Trump Jr., preventing them from holding authoritative positions in any New York real estate business.
- Eric Trump’s Defense:
- Eric Trump defended his father, emphasizing that Donald Trump revitalized and rebuilt much of New York City’s skyline during challenging times in the 1980s and 90s.
- He called the case “rigged” and criticized Judge Engoron, claiming animosity and prejudice.
- Eric Trump asserted that banks never claimed to be victims of Donald Trump’s property valuations and highlighted their positive track record in loan repayment.
- President Trump’s Reaction:
- President Trump criticized Judge Engoron as “crooked,” “dishonest,” and “corrupt.”
- He vowed to appeal the ruling, characterizing it as weaponization against a political opponent who is leading in the polls.
READ MORE:TRUMP HAS FUN IN PHILLY UNVEILING BOLD AND GOLD COLLECTIBLE SNEAKERS AT SNEAKE
Eric Trump strongly defended his father, President Donald Trump, after New York Judge Arthur Engoron handed down a shocking decision in a civil fraud suit last week.
During an interview on Fox News, Eric explained, “My father never gives up. He’s the toughest guy I’ve ever met in my entire life and he’s hellbent on winning, and we’re going to WIN in November.”
He added, “If he wasn’t the frontrunner for President of the United States right now, they wouldn’t be doing this. This has never been tried in New York before. There’s no better real estate company in the country than us. They would NOT be doing this if Donald Trump wasn’t the frontrunner for president – beating Joe Biden in every single poll, [and] absolutely blowing Nikki Haley out of the water.”
On Friday, Judge Engoron ordered Trump to pay over $350 million in an infamous civil fraud suit brought by New York Attorney General Letitia James. He also ordered Eric Trump and Donald Trump Jr. to cough up several million.
In addition, a temporary, three-year ban was placed on President Trump, Eric Trump, and Donald Trump Jr., which bars them from holding an authoritative position in any New York real estate business.
Eric Trump continued on Fox, “They’re attacking him civilly, they’re attacking him criminally, they’re doing everything they possibly can – no different than impeachment one, impeachment two, the Russia Hoax, the spying on his campaign, the going after Kavanaugh, the going after all of his advisors…they’re doing it because Donald Trump is winning.”
On Friday, the president spoke out against the ruling at Mar-a-Lago, describing Judge Engoron as “crooked,” “dishonest,” and “corrupt.” He also vowed to appeal the ruling.
“These are corrupt people…they’re using this as weaponization against a political opponent who’s up A LOT in the polls…,” he explained.