Current:Home > NewsTrump expected to attend opening of his civil fraud trial in New York on Monday -Zenith Investment School
Trump expected to attend opening of his civil fraud trial in New York on Monday
View
Date:2025-04-24 11:57:04
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! (1)
Related
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Video shows drone spotted in New Jersey sky as FBI says it is investigating
- 'September 5' depicts shocking day when terrorism arrived at the Olympics
- 'Secret Level' creators talk new video game Amazon series, that Pac
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- 'The Later Daters': Cast, how to stream new Michelle Obama
- Hate crime charges dropped against 12 college students arrested in Maryland assault
- Secretary of State Blinken is returning to the Mideast in his latest diplomatic foray
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
Ranking
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- East Coast storm makes a mess at ski resorts as strong winds cause power outages
- GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
- Amazon's Thank My Driver feature returns: How to give a free $5 tip after delivery
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- See Mariah Carey and Nick Cannon's Twins Monroe and Moroccan Gift Her Flowers Onstage
- Supreme Court allows investors’ class action to proceed against microchip company Nvidia
- US weekly jobless claims unexpectedly rise
Recommendation
Could your smelly farts help science?
Secretary of State Blinken is returning to the Mideast in his latest diplomatic foray
Southern California forecast of cool temps, calm winds to help firefighters battle Malibu blaze
'September 5' depicts shocking day when terrorism arrived at the Olympics
The Best Stocking Stuffers Under $25
One Tech Tip: How to protect your communications through encryption
KISS OF LIFE reflects on sold
Most reports ordered by California’s Legislature this year are shown as missing