Current:Home > MarketsTrump expected to attend opening of his civil fraud trial in New York on Monday -VisionFunds
Trump expected to attend opening of his civil fraud trial in New York on Monday
Robert Brown View
Date:2025-04-06 13:27:08
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! (254)
Related
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Kenya marks 60 years of independence, and the president defends painful economic measures
- Maryland judiciary seeks applications to replace slain judge
- Billy Ray Cyrus' Birthday Tribute to Wife Firerose Will Cure Any Achy Breaky Heart
- What do we know about the mysterious drones reported flying over New Jersey?
- Hasbro to lay off 1,100 employees, or 20% of its workforce, amid lackluster toy sales
- 'The Voice' contestants join forces for Taylor Swift tributes: 'Supergroup vibes'
- Wrongfully convicted Minnesota man set free after nearly 2 decades in prison
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Ranked choice voting bill moves to hearing in front of Wisconsin Senate elections committee
Ranking
- The White House is cracking down on overdraft fees
- Stock market today: Asia markets rise ahead of US consumer prices update
- Finland to reopen 2 out of 8 border crossings with Russia after a 2-week closure over migrant influx
- How school districts are tackling chronic absenteeism, which has soared since the COVID-19 pandemic
- Nevada attorney general revives 2020 fake electors case
- Kat Dennings marries Andrew W.K., joined by pals Macaulay Culkin and Brenda Song for ceremony
- What does 'sus' mean? Understanding the slang term's origins and usage.
- Big Bang Theory's Kate Micucci Shares Lung Cancer Diagnosis
Recommendation
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Packed hospitals, treacherous roads, harried parents: Newborns in Gaza face steeper odds of survival
Kate Cox did not qualify for an abortion in Texas, state Supreme Court says
RHOBH's Sutton Stracke Breaks Silence on Julia Roberts' Viral Name 'Em Reenactment
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
A Jordanian soldier is killed in a clash with drug smugglers along the border with Syria
Katie Lee Biegel's Gift Guide Will Help You & Loved Ones Savor The Holiday Season
Busy Rhode Island bridge closed suddenly after structural problem found, and repair will take months