In a high-stakes legal battle, the Trump family and their company are currently facing a $250 million civil fraud trial in New York. According to NBC News, Donald Trump's sons, Donald Jr. and Eric Trump, are taking center stage this week, with Donald Jr. scheduled to testify on Wednesday.

The trial revolves around the allegations made by state Attorney General Letitia James' office that the Trump family participated in a long-running scheme to inflate the company's assets. It is claimed that the Trump children were fully aware of and knowingly involved in the fraudulent inflation of financial statements. These actions were allegedly taken to secure loans and insurance policies under more favorable terms than warranted.

It is worth noting that Ivanka Trump, who was initially named as a defendant in the case, has been dropped from the lawsuit by an appeals court due to the claims against her being deemed too old.

The trial proceedings have revealed that Donald Jr., Eric, and the former president himself will testify. Donald Jr.'s testimony is expected to shed light on his involvement with the company's financial statements, which were shared with banks and insurers. The attorney general's office claims that these statements grossly overvalued the assets and properties held by the Trump Organization.

The focus of the attorney general's questioning will also be on the valuations of specific Trump properties, including an apartment building on Park Avenue in Manhattan. Court filings indicate that this property was appraised at $292 million, which is allegedly six times its actual appraised value. Furthermore, the lawsuit states that one of the apartments within the building was valued at $25 million, despite Ivanka Trump having the option to purchase it for only $8.5 million.

Following Donald Jr.'s testimony, Eric Trump will take the stand. The attorney general's office intends to question Eric about his role in the management and operation of the Trump Organization, particularly regarding a property called Seven Springs in Westchester County. The property was originally appraised at $30 million in 2006 but was later listed on Trump's financial statements as being worth over $260 million. Judge Arthur Engoron has already found the Trump Organization liable for fraudulently inflating the value of Seven Springs.

Ivanka Trump's testimony, which was initially scheduled for Friday, has been postponed until next week due to prior commitments. She will likely be questioned regarding her Park Avenue apartment and various loans she helped negotiate for the company.

In addition to seeking $250 million in damages, the attorney general's lawsuit also aims to prohibit Trump and his sons from holding positions as officers or directors of any New York corporation.

As the trial unfolds, all eyes are on the Trump family's testimonies, which may offer crucial insights into the alleged fraudulent practices and their knowledge of the company's financial affairs. The outcome of this trial could have significant implications for the former president and his children, potentially impacting their future roles within the corporate world.