Donald Trump Jr. testified he was not involved in the preparation of his father’s financial statements at any point in time, even after his father became president in 2017 and he was appointed trustee on Donald Trump’s revocable trust.
Assistant Attorney General Colleen Faherty showed Trump Jr the 2017 statement of financial condition, which the judge has ruled was fraudulent.
Trump Jr. again said he didn’t help prepare the statement that year.
“I did not. The accountants worked on it, that’s what we pay them for," he said.
Faherty narrowed in on the licensing developments on the financial statement, asking Trump Jr. if he gave the accountants the $246 million valuation attached to the licensing deals.
Trump Jr. said he might’ve discussed the deals with the accounting team because he was the primary person on most of them, but that he did so without knowing they’d use those values in the financial statements.
“I didn’t give them a value of $246 million. I could have sat there and gone through each one of the deals individually with Allen Weisselberg, Jeff McConney, Donald Bender, and given them an idea of what I believe the cash flow coming from those deals would have been worth, not even knowing it was for the purposes of this,” Trump Jr. testified.
“I could have very well been involved in inferring that number but not knowing it was for that purpose,” he added.
The former president’s son again reiterated in a lengthy response to the question: “I wasn’t involved in compiling the statement of financial condition.”
Trump Jr. testified for fewer than 90 minutes Wednesday afternoon and is expected to continue testifying on direct examination Thursday morning. The Trump defense team has indicated they don’t plan to cross examine their client.