Donald Trump Jr. on Wednesday testified in the fraud trial that threatens to bring his family company down and deflected responsibility for the financial statements that led New York Attorney General Letitia James to file a $250 million fraud lawsuit against his family and business.
Trump Jr., testified that he relied on longtime accounting firm Mazars USA to prepare the company’s financial statements, arguing that he had no significant knowledge of the accounting standards known as the Generally Accepted Accounting Principles (GAAP), according to The Washington Post, which noted that the trial has shown evidence that the Trump Organization’s financial statements did not comply with those standards.
