Ivanka Trump Testifies She Had No Role in Her Fathers Financial Statements

Ivanka Trump testified on Wednesday that she had no role in her fathers personal financial statements, echoing her adult brothers about documents central to the civil fraud trial that could reshape Donald Trumps family business.

Ivanka Trump testified on Wednesday before New York Attorney General Letitia James that she had no role in her father's personal financial statements.Her testimony came as part of a civil fraud trial alleging that Donald Trump's asset values were fraudulently inflated for years on annual "statements of financial condition" that helped him get loans and insurance.

Background of the Case

The lawsuit, filed by New York Attorney General Letitia James, alleges that Donald Trump's asset values were fraudulently pumped up for years on annual "statements of financial condition" that helped him get loans and insurance.James is seeking over USD 300 million in penalties and a ban on Trump doing business in New York.

The ex-president and Republican 2024 front-runner denies any wrongdoing, as do the other defendants. He insisted in court on Monday that his financial statements greatly underestimated his net worth, that any discrepancies were minor, that a disclaimer absolved him of liability and that "this case is a disgrace".

Ivanka Trump's Testimony

Ivanka Trump, a former executive vice president at the Trump Organization, testified that she was not involved in preparing her father's financial statements.She said she was shown "a few documents and correspondence that referenced financial statements, but that was not something I was involved in".

"Those were not things that I was privy too," she testified while being asked about financial statements referencing some apartments that she had options to buy in a Trump-owned building on New York's Park Avenue.

Legal Significance

The non-jury trial will decide allegations of conspiracy, insurance fraud and falsifying business records — but Judge Arthur Engoron already has resolved the lawsuits top claim by ruling that Trump engaged in fraud. That decision came with provisions that could strip the ex-president of oversight of such marquee properties as Trump Tower, though an appeals court is allowing him continued control of his holdings, at least for now.

Ivanka Trump's testimony concluded a major stretch in the trial, with her father, brothers Eric Trump and Donald Trump Jr. having already testified. The trial is expected to continue, with the judge's decision having significant implications for the Trump family's business.