Staff Reports
The Executive Vice President of the Trump Organization, Eric Trump, strongly spoke out against the ongoing legal fight his family's business is having with state officials in a statement released on Friday. Trump's son supported the Trump Organization's innocence with unwavering confidence and didn't hold back when he wanted to say how angry he was. "We have some of the best assets in New York," he said. There has been no failure. We've never been late on a loan payment… People like the Attorney General of New York are to blame for the tough times this state is going through.
The disagreement in the law comes from a civil case that New York Attorney General Letitia James started. The case says that former President Donald Trump and his businesses lied to banks and insurance companies by exaggerating the value of his assets. This made his net worth look bigger than it really was in official papers related to deals and financing.
Eric Trump stayed firm in his position and promised that the case would end in victory. "We're going to win this case," he said. We're going to win because we haven't done anything wrong, I promise. The Trump family has said that the New York Attorney General and the courts are on a "witch hunt" for political reasons. This is similar to what Donald Trump said at the beginning of the trial last month. The former president said the hearing was a "sham" and said Attorney General James and Judge Engoron were both bad.
'GOING TO WIN THIS': Eric Trump Sounds Off After Testifying In NYC https://t.co/QbYBOwbnOv
— Debra (@IngeniousGal) November 3, 2023
The judge's decision that Trump's Mar-a-Lago property is only worth $18 million adds to the debate. Trump had said that the property was worth about $1.8 billion. Eric Trump said that he was shocked and that everyone was making fun of the situation. Trump, who seemed a little annoyed, asked that the focus be taken off of his family's business and on more important problems in New York, like crime and breaking down infrastructure.
As Executive Vice President of Development and Acquisitions for the Trump Organization, Eric Trump is in charge of buying and building new projects around the world and adding to the company's real estate holdings. He has been very important in judging deals, looking at funds, and running projects. At the end of his speech, he said again that the Trump Organization is innocent and that their properties are worth even more than what their financial records say. He was very angry about the current political investigation and wanted the country to get back to what it was supposed to be doing.
During the whole legal process, Donald Trump has always protected himself and strongly denied any wrongdoing. Because he says banks have already been fully paid, he doesn't think they have anything to do with the case. "The banks are happy." The banks have been fully reimbursed," he said, adding that the banks have said they are happy with the outcome. Trump and his team say that the undervaluation of his assets hurts not only his business but also his chances of running for office in the future. The Trump family has been adamant about fighting the charges that have been brought against them.
