As Don Jr. and Eric Trump take the stand, we continue our coverage of Donald Trump’s ongoing trial in New York. Follow along now with live updates from inside the courtroom.
Ivanka Trump Helped Her Dad Lie About His Net Worth
Ivanka Trump is expected to testify soon in a $250 million fraud case that the New York attorney general is waging against her father and his associates, reports Dan Alexander. That’s bad news for Ivanka, who tried to get out of taking the stand. But it might be even worse news for her father, who employed Ivanka in his years-long con to convince the world that he had more money than he actually did.
The attorney general will have plenty of questions for Donald Trump’s eldest daughter. Ivanka helped lead the acquisition of two assets at the center of the lawsuit, the Trump hotel in Washington, D.C. and the Trump National Doral golf resort in Miami. She also lived in another property caught up in the proceedings, a condo building named Trump Park Avenue in New York City.
But to fully understand Ivanka’s involvement in her father’s deceit, it helps to get inside the room where the lying took place. That’s exactly where three Forbes journalists were in September 2015, when Donald Trump hosted them in Trump Tower as part of his quest to climb higher on The Forbes 400 list of America’s richest people. Trump spouted off all sorts of nonsense that day, claiming his properties were more profitable, spacious and valuable than they actually were. In the middle of his pitch, the Republican frontrunner received a phone call. “Ivanka,” said Trump, “my little Ivanka.”
Nine minutes later, she entered the room: “Hiiii!”
Tracking Trump
Trump-Linked SPAC Spent $10.8 Million On Legal Fees Amid Regulatory Probes
The company planning to merge with Trump Media & Technology Group, owner of Truth Social, spent $10.8 million on legal fees related to government investigations in 2021 and 2022, according to an amended financial statement Digital World Acquisition Corp. filed with the Securities and Exchange Commission on Monday. Those legal fees comprise about 46% of the company’s total expenses over that two-year period.
How Much Money Has Michael Cohen Made Hating On Trump?
Donald Trump’s former lawyer, Michael Cohen, testified last week in the New York fraud case. Trump’s legal team immediately set out to discredit Cohen, asking him how much money he has made from hosting podcast episodes and writing books relentlessly criticizing Trump.
“It’s irrelevant,” Cohen said, clearly reluctant to get into specifics on his personal finances. But when asked whether he had monetary incentives to criticize his boss, Cohen conceded the point. “Yes,” he responded in open court.
How much money has Cohen earned from his media ventures? It’s hard to say exactly, but it does look to be a solid revenue stream.
This Is What Trump Is Actually Like In The Courtroom When Cameras Aren’t Allowed In: Reporter
Forbes senior editor Dan Alexander, who was in a Manhattan courthouse covering the fraud case against former President Donald Trump, joins Brittany Lewis on “Forbes Newsroom” to discuss.
From The News Desk
Senate Democrats Plan To Subpoena GOP Megadonors—Including Harlan Crow—Over Reported Gifts To Supreme Court Justices
Senate Democrats announced plans to subpoena two GOP megadonors and a conservative judicial activist, seeking details about their reported role in paying for lavish gifts and luxury trips for conservative Supreme Court justices that triggered calls for an ethical code for the judges serving on the court, reports Siladitya Ray.
Billionaire Says Glenn Youngkin Could Declare Presidential Run Next Week
Thomas Peterffy, the billionaire founder of Interactive Brokers, has made no secret of his desire for Virginia Governor Glenn Youngkin to become president, reports John Hyatt. He has given $3 million to Youngkin’s political action committee since April and publicly urged Youngkin to enter the race.
Youngkin, a former private equity investor, has previously insisted he’s “wholly focused on the Commonwealth of Virginia.” But Peterffy, in an interview with Forbes, says Youngkin may reconsider if Republicans take control of Virginia’s senate in next week’s state election. “His hope is that…the Senate will flip Republican, and that would give him a platform on which we could say, “Look, I turned an all-blue state red, and I can do that nationwide. So please vote for me,’” says Peterffy.
By The Numbers
$1,371,800
The sum that Nirmal Mulye, the CEO of Nostrum Laboratories, has donated to candidates for federal office since 2003. On Monday, Nostrum and Mulye agreed to pay the government at least $3.8 million in fines “to resolve allegations that they violated the False Claims Act by knowingly underpaying Medicaid.”
$15,000
How much Donald Trump has been fined for violating gag orders.
$2.6 billion
Donald Trump’s net worth, according to Forbes’ estimates.
Road To 2024
On “Forbes Eye on Iowa,” former 2024 Republican presidential candidate Larry Elder spoke with Sarah Muller about his endorsement of former President Trump, his campaign, the future of the Republican Party and more.
Quiz
Which of the following is not a figure Ivanka Trump gave for the amount of meeting space at Trump National Doral?
- “75,000 square feet”
- “over 90,000 square feet”
- “a hundred thousand square feet”
- “150,000 square feet”
Check if you got it right here.
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