What Did Ivanka Trump Say In Her Witness Statement?
Ivanka Trump, 42, was removed as a defendant from the ongoing civil fraud lawsuit filed by New York Attorney General Letitia James in 2022 earlier this year, because her involvement in the alleged financial fraud fell outside the statute of limitations.
The former First Daughter, who is now a witness in the case, was previously an executive vice president of her father's company until she joined him in the White House as a senior adviser in 2017. In her testimony, she told the court that her father took money from her and her siblings to inflate the appearance of his net worth so he would qualify for loans with Deutsche Bank in 2011.
In emails shown in court, Ivanka reportedly acknowledged that one of the conditions of her father's lending agreement with Deutsche Bank was for him to sign a personal guarantee stating not only that he would be able to cover all of the principal and interest on the loan, but also that he could attain a net worth of at least $3B in order to access better interest rates. She denied however that her family misled the bank, and when asked about the emails in court, repeatedly replied "I don't recall."
Mary Trump Says Her Uncle's 'Nightmare Has Come True'
"Donald's NIGHTMARE has come true," Mary Trump wrote in her November 29th blog post, which analyzed Ivanka's testimony in court. "His own daughter revealed under oath that Donald took money from his own kids to prop up the appearance of his net worth. This shocking admission was buried so deeply within Ivanka's testimony that the media largely missed it. It seriously threatens the house of cards Donald has built (with cards taken entirely from the deck my grandfather gave him) and propped up with exaggeration, decades of lies, and corporate media complicity."
She continued: "Here's the sordid detail Donald didn't want exposed: In order to qualify for some of his loans, Donald needed to satisfy Deutsche Bank's demand that he prove he was wealthy enough. But Donald had a problem: reality. His net worth was too low. His solution? To have his kids help prop up the facade."
"On the stand during Donald's New York City fraud trial, Ivanka testified that Donald's adult children agreed to allow Donald to use their assets in order to help inflate his net worth thereby satisfying the bank's requirements for a loan that was his alone," she added.