Mary Trump says that Ivanka Trump’s testimony in her father’s civil fraud trial is a significant blow that could jeopardize the foundation of Donald Trump’s “house of cards”.
In a detailed analysis on her Substack blog, The Good in Us, Mary, who is Donald Trump’s estranged niece, discussed the implications of Ivanka’s role as a witness in the lawsuit filed by New York Attorney General Letitia James in 2022. The lawsuit alleges a conspiracy within The Trump Organization to inflate Donald Trump’s net worth for financial gains.
Initially a defendant, Ivanka Trump has transitioned into a witness in a lawsuit filed by New York Attorney General Letitia James in 2022. The lawsuit alleges a conspiracy involving Donald Trump and top executives at The Trump Organization to artificially inflate his net worth on financial statements provided to banks and insurers. The goal was to secure loans and favorable deals, a charge that Donald Trump vehemently denies.
During her testimony, Ivanka Trump, who served as an executive vice president of her father’s company until joining him as a White House adviser in 2017, alleged that her father took money from her and her siblings to artificially boost his net worth for loan qualification with Deutsche Bank in 2011.
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In court, emails revealed that as part of the lending agreement, Donald Trump had to sign a personal guarantee, committing to cover all loan-related costs and attain a net worth of at least $3 billion for favorable interest rates. Ivanka Trump denied misleading the bank, frequently responding with “I don’t recall” when questioned about the emails.
Reacting to the testimony, MSNBC legal analyst Lisa Rubin highlighted the significance, noting that Donald Trump was essentially borrowing from his children’s resources. Mary Trump, a vocal critic of her uncle, expressed the gravity of the situation, stating that it “seriously threatens the house of cards Donald has built.”
🚨 DAMNING: Ivanka revealed under oath that Donald took money from his own kids. Why?
So he could falsely inflate his net worth to get a bank loan.
The admission was buried in her testimony, so the media largely missed it.
Worse for Donald is how Ivanka and Jared paid for… pic.twitter.com/9Ms7PSCuvq
— Mary L Trump (@MaryLTrump) November 29, 2023
Ivanka Trump was removed as a defendant due to the statute of limitations, and despite Donald Trump’s attempts to dismiss the case, Judge Engoron rejected the motion.
