Current:Home > NewsTrump expected to attend opening of his civil fraud trial in New York on Monday -NextFrontier Finance
Trump expected to attend opening of his civil fraud trial in New York on Monday
View
Date:2025-04-24 21:09:15
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
veryGood! (462)
Related
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- CVS and Walgreens agree to pay $10 billion to settle lawsuits linked to opioid sales
- Donald Trump’s Record on Climate Change
- Updated COVID booster shots reduce the risk of hospitalization, CDC reports
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- I'm Crying Cuz... I'm Human
- Myrlie Evers opens up about her marriage to civil rights icon Medgar Evers. After his murder, she took up his fight.
- Kelly Osbourne Sends Love to Jamie Foxx as She Steps in For Him on Beat Shazam
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Man charged with murder after 3 shot dead, 3 wounded in Annapolis
Ranking
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Kit Keenan Shares The Real Reason She’s Not Following Mom Cynthia Rowley Into Fashion
- FDA changes Plan B label to clarify 'morning-after' pill doesn't cause abortion
- U.S. Navy Tests Boat Powered by Algae
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Did Damar Hamlin experience commotio cordis? What to know about the rare phenomenon
- Taylor Swift and Matty Healy Spotted Holding Hands Amid Dating Rumors
- Exxon’s Big Bet on Oil Sands a Heavy Weight To Carry
Recommendation
A South Texas lawmaker’s 15
Government Delays Pipeline Settlement Following Tribe Complaint
China has stopped publishing daily COVID data amid reports of a huge spike in cases
In U.S. Methane Hot Spot, Researchers Pinpoint Sources of 250 Leaks
Former Syrian official arrested in California who oversaw prison charged with torture
Get 2 MAC Setting Sprays for the Price of 1 and Your Makeup Will Last All Day Long Without Smudging
Dakota Access Opponents Thinking Bigger, Aim to Halt Entire Pipeline
Inside South Africa's 'hijacked' buildings: 'All we want is a place to call home'