A New York attorney general’s lawsuit alleges the former president and his family misled banks, associates by giving them false information about his net worth, asset values.
Former President Donald Trump answered questions for nearly seven hours Thursday during his second deposition in a legal battle with New York’s attorney general over his company’s business practices, reversing an earlier decision to invoke his Fifth Amendment protection against self-incrimination and remain silent.
The Republican met all day with lawyers for Attorney General Letitia James, who sued Trump last year. Her lawsuit claims Trump and his family misled banks and business associates by giving them false information about his net worth and the value of assets such as hotels and golf courses.
Shortly after Trump entered the Manhattan skyscraper that houses James’ offices, his attorney, Alina Habba, said he was “not only willing but also eager to testify.”
After the deposition was finished, a lawyer for Trump’s businesses, Christopher Kise, said the former president had spent nearly seven hours “describing in detail his extraordinary business success.”
“The transactions at the center of this case were wildly profitable for the banks and for the Trump entities,” Kise said.
