Patricia Hurtado

Allen Weisselberg admitted to falsely testifying about his role in the valuation of assets the state proved at trial had been inflated for years to get favorable terms on loans.

The development comes as Trump is appealing a trial loss that resulted in a $454 million judgment against him and his company for inflating the value of assets by billions of dollars.

The president's son's lawyers filed a flurry of motions in the federal court seeking to have the tax charges dismissed.

Bribe payments by the oil-trading giant were facilitated by an accounting system that allowed employees to skirt internal controls.

The judge must decide if Trump intentionally inflated his annual financial statements by billions of dollars a year.

Bartov testified that he "did not find any evidence of material misstatement" in the former president's financial statements and "no evidence whatsoever for any accounting fraud."

A prominent NYU accounting professor who is being paid to testify in Donald Trump's defense in a civil fraud trial heaped praise on the former president's financial records.

Central to the case are the statements of financial condition Trump had his accountants at Mazars USA LLP send to lenders detailing his assets and their values.

Her answers, and the documents displayed to her on the stand, show she was deeply aware of the importance of his net worth in securing the best terms on loans.

Trump acknowledged he had a hand in preparing the financial statements that valued his properties.

He testified that financial documents sent to Deutsche Bank were "accurate," even though a judge has already determined they were fraudulent.

"I relied upon Mazars and our accounting team" for the preparation of a financial statement, Donald Trump Jr. told the judge. "That's why we have accountants."

"The accountants worked on it," the eldest son of former president Donald Trump testified in a Manhattan courtroom. "That's what we paid them for."

Letitia James alleges all three Trump children were central figures in a scheme to inflate the former president's assets by as much as $3.6 billion a year to get better terms on loans and insurance policies.

Jeffrey McConney testified that he added tens of millions of dollars a year to the former president's annual financial statements for the value of mansions that did not exist.

Trump spoke out in apparent irritation after his lawyer complained he couldn't hear the testimony of the state's first witness, former Mazars USA LLP accountant Donald Bender, who often lowered his voice and mumbled answers.

Donald Bender said that key information about asset valuations was missing from Trump Organization financials, and that he wouldn't have signed off on them had he known.

Tuesday will start off with more testimony from his former accountant Donald Bender. The next witness is expected to be Camron Harris, an audit partner with Trump's new accounting firm Whitley Penn LLP.

The former president wanted to get higher on the Forbes billionaires list and save a fortune on loan terms by overvaluing his properties, according to evidence previewed for a packed courtroom.

The New York judge who ruled the former president committed fraud by inflating the value of many of his assets also authorized AG Letitia James to cancel certificates for companies that hold those assets.