Ivanka Trump is claiming that she had no idea how the Trump Organization valued properties and inflated its wealth to get better deals on financing.
Lisa Rubin of MSNBC tweeted from the courtroom:
“Did you understand that the Trump Org by dealing with the private wealth management group at Deutsche Bank was able to obtain a lower interest rate and origination fees than if they had dealt with the commercial real estate group?” Ivanka: “No.”
— Lisa Rubin (@lawofruby) November 8, 2023
Solomon moves on to the another of the topics I predicted would come up: Ivanka’s option to purchase two different penthouse apartments, both of which were owned by the Trump Org.
— Lisa Rubin (@lawofruby) November 8, 2023
Ivanka maintains she was not involved in the statements of financial condition so she has no idea how they were valued in those documents.
— Lisa Rubin (@lawofruby) November 8, 2023
The basic Ivanka Trump defense is that she knows nothing about everything. The problem is that Ivanka Trump was the point person on some loan deals, and some documents show her involvement.
Ivanka Trump isn’t a defendant in the case, but the New York Attorney General’s office has already proven that she is still financially enmeshed in the Trump Organization, and if the damages assessed reach into the hundreds of millions of dollars, Ivanka Trump stands to lose a lot of money.
Eric, Don Jr. and Donald Trump tried to play dumb on the witness stand. It didn’t work for Don Jr. and Eric Trump. Donald Trump went off on angry monologues and didn’t answer the questions, and Ivanka Trump is flat-out playing dumb.
None of this matters because the Trumps have already been found guilty. It is all a matter of whether or not the Trump family and their business can avoid the corporate death penalty.
Awards and Professional Memberships
Member of the Society of Professional Journalists and The American Political Science Association
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