During Ivanka Trump’s testimony in her father and brothers’ New York fraud trial, MSNBC legal analyst Lisa Rubin expressed her shock at a key revelation. Ivanka Trump’s direct examination by prosecutors uncovered that Donald Trump, as part of lending agreements with Deutsche Bank, had guaranteed repayment of the principal, income, and operating expenses of a specific asset. Rubin described this as a significant guarantee and disclosed that Donald Trump had entered into agreements with each of his three adult children, including Ivanka, pledging their own assets to help him fulfill the guarantee. This arrangement contradicted the terms of the contract with Deutsche Bank, which stated that the guarantee was solely Donald Trump’s responsibility.
Rubin further explained that Donald Trump was essentially borrowing money from his children’s assets to convince Deutsche Bank that he had enough funds to borrow from them. This revelation left Rubin astonished, and she emphasized that it showed Donald Trump was using questionable methods to meet his financial obligations. Ivanka Trump, while on the stand, repeatedly claimed not to recall important details about her father’s real estate dealings when questioned by the prosecution.
New York Attorney General Letitia James, who initiated the case against Donald Trump, his company, and his sons, stated her determination to prove that Ivanka Trump personally benefited from the Trump Organization’s fraudulent activities. Despite being dismissed as a defendant earlier in the year, James insisted on establishing Ivanka’s involvement in the alleged fraud.
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