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The $250 million civil fraud trial that could see former President Donald Trump permanently banned from doing business in New York is set to kick off Monday.
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The $250 million civil fraud trial that could see former President Donald Trump permanently banned from doing business in New York is set to kick off Monday.
The trial comes a year after New York Attorney General Letitia James sued him, his company, three of his adult children, and top Trump Organization officials.
James alleged the defendants misstated the values of real estate properties by billions of dollars in business records to obtain better loan and insurance terms, and tax benefits.
Trump, who is seeking the 2024 GOP presidential nomination, arrived at Manhattan Supreme Court for the start of the trial. A Secret Service agent surveyed the table where Trump will sit with his defense lawyers.
James notched a massive win against Trump and other defendants last week when Judge Arthur Engoron ruled they were liable for the fraud claims. Engoron in that ruling canceled the defendants’ New York business certificates and ordered an independent receiver to oversee their dissolution.
Engoron, not a jury, will decide whether the defendants are liable for the other six claims at the trial, which is expected to conclude in late December.
A box is carried as the civil fraud trial of former President Donald Trump is set to begin at New York State Supreme Court on October 02, 2023 in New York City.
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James, who also plans on being in court Monday morning, in a statement said, “For years, Donald Trump falsely inflated his net worth to enrich himself and cheat the system. “
We won the basis of our case last Thursday and proved that Donald Trump’s purported net wealth has been rooted in incredible fraudulent for many years,” James said. No matter how wealthy or powerful someone is, the laws of this country are uniform. It is my duty to ensure that the rule of law applies equally to all. “
In an early morning video message, Trump told supporters that “our country is in a very bad place right now. Even after all the Deep State did to me, i will never give up America. In 2024, I promise you that we will retake the White House. “
We will make America great once again. Trump stated, “I have no doubt that it.” This is developing news. Please check back to see updates.