Current:Home > NewsTrump 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
View
Date:2025-04-12 00:01:13
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! (78626)
Related
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Justin and Hailey Bieber welcome a baby boy, Jack Blues
- Mail thieves caught after woman baits them with package containing Apple AirTag: Sheriff
- New York temporarily barred from taking action against groups for promoting abortion pill ‘reversal’
- Sam Taylor
- Judge rules Breonna Taylor’s boyfriend caused her death, dismisses some charges against ex-officers
- North Carolina’s highest court won’t fast-track appeals in governor’s lawsuits
- Why Taylor Swift Is “Blown Away” by Pals Zoë Kravitz and Sabrina Carpenter
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Trump-backed Alaska Republican withdraws from US House race after third-place finish in primary
Ranking
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- 5-year-old Utah boy accidentally kills himself with a handgun he found in his parents’ bedroom
- Oklahoma revokes license of teacher who gave class QR code to Brooklyn library in book-ban protest
- Kansas City Chiefs make Creed Humphrey highest-paid center in NFL
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Sky's Angel Reese grabs 20 rebounds for second straight game, joins Shaq in record books
- Conflicting federal policies may cost residents more on flood insurance, and leave them at risk
- Human remains found in Washington national forest believed to be missing 2013 hiker
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
New York temporarily barred from taking action against groups for promoting abortion pill ‘reversal’
TikTok Organization Pro Emilie Kiser’s Top Tips & Must-Have Products for a Clean, Organized Life
Row house fire in Philadelphia kills woman, girl; man, boy taken to hospitals with 3rd-degree burns
Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
Divers find body of Mike Lynch's daughter Hannah, 18, missing after superyacht sank
It Ends With Us' Justin Baldoni Addresses Famous Line Cut From Film
Taylor Swift and Travis Kelce Reunite in Rhode Island During Eras Tour Break