Trump's daughter worried he was not wealthy enough, emails in NY fraud trial show
Trump sought to buy a Florida golf course in 2011, his daughter Ivanka expressed concern that he was not wealthy enough to close the deal, according to evidence presented Wednesday in a civil fraud trial that threatens the former U.S. president's business empire.
The emails and other documents were presented as New York state lawyers wrapped up their case, which argues that Trump and his company inflated his net worth by as much as $2.2 billion to win better financing terms.
They are seeking more than $250 million in penalties and restrictions that could strip Trump of some of his best known trophy properties.
Testifying as the state's final witness, Ivanka Trump sought to distance herself from the questionable valuation methods that have already been ruled fraudulent by the judge overseeing the trial.
She acknowledged that she worked on real-estate deals for the company but said she was not involved in calculating Trump's net worth.
«I generally understood that there was a personal guarantee,» she testified. «This level of granularity was not something that I can sit here today and say that I recall.»
Ivanka's testimony concluded in the afternoon.
