Keep in mind that this is a civil case about property valuation brought by the NYAG with the goal of finding evidence of a crime (really for finding a crime) . It's about property valuation for tax purposes, in New York. Eric Trump's position was that he shouldn't have to testify because he didn't prepare the underlying documents. The judge said that since he was the custodian of the records for one property , he could answer specific questions about that property and what he knew about the records.
The fact that they deposed him for 5 hours and 500 questions on how the records for a property were maintained, in a state case about property valuation, after he answered foundational questions and was advised by his attorney to stop answering, says more about the AG's quest to make a political statement than Eric Trump.
That depends.
When Trump became President, he made a noisy and very dishonest show of placing his assets in the hands of his adult children (just about all of whom were gathered around him in the White House).
To demonstrate his sincerity, he appeared on television next to a stack of random papers that he tried to pass off as the agreement itself.
In reality, the trump kids were functionally in charge of the Trump real estate concerns, but 100% of the earning went straight to Donald Trump. Thus making the kids figureheads.
Trump put his kids on the hook for the conduct of his businesses.
I’m not sure that the NY case is going to go anywhere.
Overvaluing assets for the bank and undervaluing them for the tax man isn’t unususal at all in commercial real estate.
Trump exercised taht tendancy to a ridiculous extreme, which is what invited scrutiny.
His bet, of course, is that no one would care of the asset performed and everyone got paid.
Unfortunately, with Trump’s well known tendancy to mismanage projects, over spend, screw his partners and subcontrators, and his generally poor business skills, his assets rarely performed as advertised, and often not at all.
This was the trajectory of just about every Trump deal after Trump Tower.
Whether this case goes anywhere remains to be seen. But it is yet another example of the buzzards coming home to roost on a shaky empire built in fraud.