Trump and his children agree to sit for depositions in civil fraud suit

Former President Donald Trump and his adult children have agreed to sit for depositions in a lawsuit filed by investors who allege the family conned them into making bad investments in businesses the Trumps were promoting.

According to a Friday court filing, the former president is scheduled for a June 16 deposition, preceded by his sons Don Jr. and Eric on May 10 and May 12, respectively.

“Defendants have not yet offered a deposition date for Ivanka Trump,” the letter said.

The locations and logistics of the depositions were still being discussed.

CNN reported on the deposition dates earlier Friday.

Trump was accused of violating federal anti-racketeering law and misleading salespeople who lost money in a fraudulent marketing company that the former president threw his support behind in speeches and on “The Celebrity Apprentice,” according to the lawsuit, filed by four investors in 2018.

“From 2005 to at least 2015, defendants received millions of dollars in secret payments to promote and endorse ACN,” the suit alleges, referring to a multilevel marketing company that was among the businesses the Trumps were endorsing. “In return, Donald J. Trump told prospective investors that ‘[y]ou have a great opportunity before you at ACN without any of the risks most entrepreneurs have to take,’ and that ACN’s flagship videophone was doing ‘half-a-billion dollars’ worth of sales a year.’ Trump also told investors that he had ‘experienced the opportunity’ and ‘done a lot of research,’ and that his endorsement was ‘not for any money.’ Not a word of this was true.”

Trump’s attorneys have argued the investors didn’t have a case because none of them paid the Trumps directly, and they contend the family isn’t responsible for any of their losses. They also argued that Trump’s statements were opinion and that they included “puffery” that no “reasonable investor” would have relied upon.

Numerous civil cases are pending against Trump.

In October, he was ordered to answer questions under oath in another lawsuit. That lawsuit involved allegations that Trump’s security guards manhandled protesters outside Trump Tower in New York.

Dareh Gregorian contributed.

Source link

Related posts

Uvalde school's classrooms lacked a basic security feature — and it’s missing across America


Dozens killed in head-on train collision in Greece


Sharon Osbourne says daughter Aimée was 'lucky' to escape deadly fire at Hollywood recording studio


Leave a Comment