Current:Home > StocksTrump expected to attend opening of his civil fraud trial in New York on Monday -TruePath Finance
Trump expected to attend opening of his civil fraud trial in New York on Monday
View
Date:2025-04-16 19:45:29
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! (38488)
Related
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Matthew Gaudreau's Pregnant Wife Celebrates Baby Shower One Month After ECHL Star's Tragic Death
- Who are the last three on 'Big Brother'? Season 26 finale date, cast, where to watch
- Bears vs. Jaguars in London: Start time, how to watch for Week 6 international game
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- The NBA’s parity era is here, with 6 champions in 6 years. Now Boston will try to buck that trend
- ‘Legacy’ Forests. ‘Restoration’ Logging. The New Jargon of Conservation Is Awash in Ambiguity. And Politics
- As 'Pulp Fiction' turns 30, we rank all Quentin Tarantino movies
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Horoscopes Today, October 14, 2024
Ranking
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Quentin Tarantino's 'Pulp' players: A guide to the actors who make his 'Fiction' iconic
- Mega Millions winning numbers for October 11 drawing: Jackpot rises to $169 million
- Europa Clipper prepared to launch to Jupiter moon to search for life: How to watch
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- 'Saturday Night Live' brilliantly spoofs UFC promos with Ariana Grande as Celine Dion
- Horoscopes Today, October 13, 2024
- Shocker! No. 10 LSU football stuns No. 8 Ole Miss and Lane Kiffin in dramatic finish
Recommendation
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
Bolivia Has National Rights of Nature Laws. Why Haven’t They Been Enforced?
Trump tested the limits on using the military at home. If elected again, he plans to go further
Talking about sex is hard, no matter how old you are | The Excerpt
Small twin
Travis Hunter injury update: Colorado star left K-State game with apparent shoulder injury
Europa Clipper prepared to launch to Jupiter moon to search for life: How to watch
Aidan Hutchinson's gruesome injury casts dark cloud over Lions after major statement win