The Forbes magazine editor recently testified before a grand jury investigating former President Trump’s business practices, confirming details he wrote in a 2015 cover story.
Randall Lane testified for about 20 minutes Thursday after being subpoenaed by Manhattan District Attorney Cyrus Vance Jr., the editor wrote in an article published on Friday. Another reporter, Chase Peterson-Withorn, also testified.
Lane wrote that the information he and Peterson-Withorn provided was already public knowledge, and the testimony is an example of “a rampant use of subpoenas to undermine a free press”.
“They create a dangerous precedent: how to keep an independent press when journalists suddenly have to testify for or against the subjects they cover?” he wrote.
Lane spoke about Trump’s fixation on his own net worth; Forbes publishes and updates daily a list of richest people in the world and the richest billionaires. Trump is currently No. 1,334 on the list.
The Forbes editor primarily discussed the 2015 article he wrote about Trump trying to force him to increase his worth and net worth.
Peterson-Withorn testified about Trump’s attempt to persuade him of the value of his triplex penthouse in Trump Tower. Trump claimed he was worth double the $100 million value that Forbes had determined.
The New York grand jury, working on a case led by Vance, is investigating the Trump Organization’s finances and business practices, including whether the company inflated the value of its buildings to lenders and deflated them on tax forms.
The grand jury recently heard testimony from a longtime accountant with the Trump Organization.
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