Current:Home > ScamsTrump expected to attend opening of his civil fraud trial in New York on Monday -Wealth Legacy Solutions
Trump expected to attend opening of his civil fraud trial in New York on Monday
NovaQuant View
Date:2025-03-11 05:01:53
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! (236)
Related
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- James Hansen Warns of a Short-Term Climate Shock Bringing 2 Degrees of Warming by 2050
- Q&A: The Power of One Voice, and Now, Many: The Lawyer Who Sounded the Alarm on ‘Forever Chemicals’
- Global Warming Fueled Both the Ongoing Floods and the Drought That Preceded Them in Italy’s Emilia-Romagna Region
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- As Extreme Fires Multiply, California Scientists Zero In on How Smoke Affects Pregnancy and Children
- History of Racism Leaves Black Californians Most at Risk from Oil and Gas Drilling, New Research Shows
- RHOBH’s Erika Jayne Weighs in on Kyle Richards and Mauricio Umansky Breakup Rumors
- New data highlights 'achievement gap' for students in the US
- As Germany Falls Back on Fossil Fuels, Activists Demand Adherence to Its Ambitious Climate Goals
Ranking
- Bodycam footage shows high
- Ohio Environmentalists, Oil Companies Battle State Over Dumping of Fracking Wastewater
- Below Deck Sailing Yacht's Mads Slams Gary Following Their Casual Boatmance
- Bumble and Bumble 2 for the Price of 1 Deal: Get Frizz-Free, Soft, Vibrant Hair for Just $31
- Trump's 'stop
- California, Battered by Atmospheric Rivers, Faces a Big Melt This Spring
- Anthropologie’s Extra 40% Off Sale: Score Deals on Summer Dresses, Skirts, Tops, Home Decor & More
- RHOBH's Kyle Richards Celebrates One Year of Being Alcohol-Free
Recommendation
Biden administration makes final diplomatic push for stability across a turbulent Mideast
Operator Error Caused 400,000-Gallon Crude Oil Spill Outside Midland, Texas
Stake Out These 15 Epic Secrets About Veronica Mars
Awash in Toxic Wastewater From Fracking for Natural Gas, Pennsylvania Faces a Disposal Reckoning
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Halle Bailey Supports Rachel Zegler Amid Criticism Over Snow White Casting
Climate Change Wiped Out Thousands of the West’s Most Iconic Cactus. Can Planting More Help a Species that Takes a Century to Mature?
The Nordstrom Anniversary Sale 2023 is Open to All: Shop the Best Deals on Beauty, Fashion, Home & More