Ivanka Trump testified on Wednesday in a civil fraud trial that poses a major threat to the Trump family business empire. Although she is not a defendant in the case, Ivanka was subpoenaed to testify. The trial centers around allegations that Donald Trump, his sons, and other Trump Organization executives inflated the value of their real estate assets in order to obtain more favorable loans and insurance terms. New York Attorney General Letitia James, who brought the case, stated that Ivanka secured loans based on fraudulent statements of financial condition.

She insisted that Ivanka was very much involved in the scheme and benefited from it personally. Ivanka's testimony follows that of her father and brothers, who have clashed with the judge and denounced the trial. The judge has already ruled in favor of James's office, finding conclusive evidence that Donald Trump overstated his net worth on financial documents. This ruling led to the decision for the liquidation of assets managing the properties in question, such as the Trump Tower and 40 Wall Street skyscrapers. However, the order is currently on hold pending appeal.

The potential consequences of the trial highlight the high stakes for the former president, who is facing several legal battles as he seeks to recapture the presidency. In addition to the civil fraud trial, Donald Trump faces a federal trial in Washington in March on charges related to his attempts to overturn the 2020 election results. Despite his legal troubles, he remains a frontrunner for the 2024 Republican presidential nomination. Ivanka's testimony plays a significant role in shedding light on the inner workings of the Trump family business empire and its potential impact on the former president's future endeavors.