Patricia Hurtado

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.

The judge sided with Letitia James on her allegation that Trump repeatedly engaged in fraud by claiming exaggerated values for some of his best properties on his annual statements of financial condition.

The tax charges could be brought in Washington, D.C., or in California because that's where the crimes allegedly occurred.

Letitia James alleges the former president and the Trump Organization falsified business records and issued false financial statements.

The store faces lawsuits from customers for alleged failure to deliver prepaid wine, is delinquent on $2.8 million in taxes, and reportedly could be evicted from its midtown home.

Prosecutors have told Allen Weisselberg, who is serving a jail sentence for tax fraud, that they are prepared to file new charges against him.

The real punishment lies in the potential long-term blowback to the former president's business, going beyond reputational damage to freezing it out of coveted deals, bank loans and government contracts.

The man who oversaw the finances at Trump's companies for decades will immediately head to jail after being sentenced to five months for tax fraud.

The judge found the business had disobeyed three orders he issued as part of a grand jury investigation led by the Manhattan district attorney's office.

Last week's convictions of two Donald Trump companies for criminal tax fraud may help ensure Trump's business remains under court-ordered supervision, former Manhattan district attorney Cyrus Vance Jr. said.

CFO Weisselberg used the free cash to live large, saving the Trump Organization from paying taxes on it as well.