Trump expected to attend opening of his civil fraud trial in New York on Monday

2024-12-25 13:43:49 source:lotradecoin review category:Finance

Former President Donald Trump is expected to attend the opening of his civil fraud trial in New York on Monday, multiple sources familiar with the decision told ABC News.

Opening statements are scheduled to begin Monday at 10 a.m. in the case brought last September by New York Attorney General Letitia James, who accused Trump, his eldest sons and his family business of inflating Trump's net worth by more than $2 billion by overvaluing his real estate portfolio.

The valuations caused lenders and insurers to give Trump better terms than he otherwise deserved, the attorney general said.

MORE: 5 things to watch for in Trump's $250 million civil fraud trial

Last week, the presiding judge, Arthur Engoron, granted the state's motion for partial summary judgment, effectively deciding the core of the case, finding "conclusive evidence" Trump and the others "overvalued the assets reported in the statements of financial condition between 17.27-38.51%; this amounts to a discrepancy of between $812 million and $2.2 billion."

The bench trial will help Engoron decide how much monetary penalties Trump should pay. The state has asked for about $250 million.

Trump has no speaking role on Monday, but he is expected to return to the courthouse in lower Manhattan toward the end of the state's case when court records show he will be called as a witness.

MORE: Judge says New York AG's $250M lawsuit against Trump will proceed without delay

Former President and Republican presidential candidate Donald Trump speaks during a 2024 presidential campaign rally in Dubuque, Iowa, Sept. 20, 2023.Scott Morgan/Reuters, FILE

More:Finance

Recommend

Stock market today: Asian stocks are mixed ahead of key US inflation data

HONG KONG (AP) — Asian stocks were mixed on Wednesday after U.S. indexes drifted lower on Tuesday ah

Former Democratic minority leader Skaff resigns from West Virginia House

CHARLESTON, W.Va. (AP) — Del. Doug Skaff is resigning from the West Virginia House of Delegates afte

A man bought a metal detector to get off the couch. He just made the gold find of the century in Norway.

At first, the Norwegian man thought his metal detector reacted to chocolate money buried in the soil