December 1, 2023


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He defined Donald Trump Jr.’s function within the Trump Group

3 min read
Donald Trump Jr. Trump Organization role explained

Donald Trump Jr. is scheduled to testify in his father’s enterprise fraud trial in New York on Wednesday.

New York Legal professional Normal James is suing former President Donald Trump for $250 million, accusing him of inflating his internet value by billions of {dollars} to acquire advantages comparable to improved financial institution loans and decrease tax payments between 2011 and 2021. Trump maintains his innocence within the case. He accused the prosecution of focusing on him for political functions. The case is civil, not legal, which means he won’t face jail time.

Trump has pleaded not responsible on this case in addition to within the three different indictments he faces.

James compelled testimony from former President Donald Trump’s three eldest youngsters within the enterprise fraud swimsuit. Trump Jr. and Eric Trump are listed as defendants within the civil lawsuit, whereas Ivanka Trump was dropped from it earlier this 12 months as a result of statute of limitations.

Trump Jr. would be the first of the previous president’s youngsters to testify within the civil trial. He served as Govt Vice President of the Trump Group after becoming a member of in 2001.

“Based mostly in Jupiter, Florida, Donald Jr. actively oversees the Trump Group’s intensive actual property portfolio. He’s concerned in all elements of the corporate’s growth, from deal analysis, evaluation and pre-development planning to development, branding, advertising and marketing, operations, gross sales and leasing,” his biography on the location says. Firm electronic mail.

Trump Jr. oversaw the event of Trump Park Boulevard

Trump Jr. has labored on quite a lot of tasks, together with the redevelopment of Manhattan’s West Facet Yards challenge and led the event of Trump Park Avenue, which has come underneath scrutiny amid the civil trial.

Donald Bender, a companion at Mazars USA and a longtime accountant for Donald Trump’s enterprise, testified that the valuation supplied for Trump’s Park Avenue penthouse in Manhattan was totally different from the worth Ivanka Trump was supplied to purchase it outright.

James’ lawsuit alleged that the Trump Group valued the house at $20.8 million, in comparison with the $8.5 million choice value supplied to Trump’s daughter.

Different Trump Jr. Tasks

He explained the role of the Donald Trump Jr. Trump Organization
Donald Trump Jr. speaks at a marketing campaign rally in Greensboro, North Carolina on October 13, 2022. Trump Jr. is scheduled to testify in former President Donald Trump’s civil enterprise fraud trial on Wednesday.
Melissa Sue Gerrits/Getty Photos

Trump Jr. additionally oversaw the development, financing and growth of the Trump Worldwide Lodge and Tower in Chicago, participated within the growth of the Trump Worldwide Lodge in Las Vegas and constructed the Trump Worldwide Golf Hyperlinks in Aberdeen, Scotland.

He additionally “led” a number of worldwide properties, together with 4 in India and one in Canada, in line with his firm biography.

In a January 2022 press launch demanding that Trump’s youngsters cooperate with the investigation, James famous that he “runs the Trump Group” alongside Eric Trump.

“He’s additionally a trustee of the Donald J. Trump Revocable Belief and has licensed annual monetary statements concerning property held by the belief for Donald J. Trump,” James wrote.

Newsweek I reached out to the Trump Group for remark through electronic mail.