Current:Home > ScamsTrump expected to attend opening of his civil fraud trial in New York on Monday -WealthRoots Academy
Trump expected to attend opening of his civil fraud trial in New York on Monday
SafeX Pro Exchange View
Date:2025-04-08 05:52:55
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! (59)
Related
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- When is the 2024 French Open? Everything you need to know about tennis' second major
- Savor Every Photo From Kourtney Kardashian and Travis Barker's Blissful Wedding Weekend in Italy
- Sites with radioactive material more vulnerable as climate change increases wildfire, flood risks
- The White House is cracking down on overdraft fees
- Japan racks up trade deficit as imports balloon due to cheap yen
- Effort to ID thousands of bones found in Indiana pushes late businessman’s presumed victims to 13
- Massachusetts man ordered to pay nearly $4M for sexually harassing sober home tenants
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Russian attacks on Ukraine power grid touch Kyiv with blackouts ahead of peak demand
Ranking
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Germany’s foreign minister says in Kyiv that air defenses are an ‘absolute priority’ for Ukraine
- Owner of Nepal’s largest media organization arrested over citizenship card issue
- As Trump Media reported net loss of more than $320 million, share prices fell 13%
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Abi Carter is the newest 'American Idol' winner: Look back at her best moments this season
- Japanese town blocks view of Mt. Fuji to deter hordes of tourists
- Thailand welcomes home trafficked 1,000-year-old statues returned by New York’s Metropolitan Museum
Recommendation
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
Will America lose Red Lobster? Changing times bring sea change to menu, history, outlook
Family says Alaska photographer killed in moose attack knew the risks, died doing what he loved
Who is Jacob Zuma, the former South African president disqualified from next week’s election?
Dick Vitale announces he is cancer free: 'Santa Claus came early'
Ravens coach John Harbaugh sounds off about social media: `It’s a death spiral’
Don't want to lug that couch down the stairs yourself? Here's how to find safe movers
UPS worker killed after falling into trash compactor at facility in Texas