Current:Home > MyTrump expected to attend opening of his civil fraud trial in New York on Monday -FutureWise Finance
Trump expected to attend opening of his civil fraud trial in New York on Monday
View
Date:2025-04-15 10:12:50
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! (39)
Related
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Jimmy Carter at 100: A century of changes for a president, the US and the world since 1924
- Zendaya’s New Wax Figure Truly Rewrites the Stars
- District attorney’s office staffer tried to make a bomb to blow up migrant shelter, police say
- Federal hiring is about to get the Trump treatment
- Sheriff takes grim tack with hurricane evacuation holdouts
- Angel Reese 'heartbroken' after Sky fire coach Teresa Weatherspoon after one season
- Plaintiffs won’t revive federal lawsuit over Tennessee’s redistricting maps
- Trump's 'stop
- Selling Sunset's Bre Tiesi Reveals Where She and Chelsea Lazkani Stand After Feud
Ranking
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Ariana Madix Weighs in on Vanderpump Rules' Uncertain Future—and the Only Costars She Talks to
- Latina governor of US border state will attend inauguration of Mexico’s first female president
- AI Is Everywhere Now—and It’s Sucking Up a Lot of Water
- The Grammy nominee you need to hear: Esperanza Spalding
- Chappell Roan Cancels Festival Appearances to Prioritize Her Health
- Democrats challenge Ohio order preventing drop-box use for those helping voters with disabilities
- Small plane crashes into Utah Lake Friday, officials working to recover bodies
Recommendation
Intel's stock did something it hasn't done since 2022
Allison Holker Shares How Her 3 Kids Met Her New Boyfriend Adam Edmunds
Stephen Amell was focused on 'NCIS' spinoff when he landed 'Suits' gig
Massachusetts governor says a hospital was seized through eminent domain to keep it open
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
Large police presence at funeral for Massachusetts recruit who died during training exercise
Here's how Lionel Messi, Inter Miami can win second title together as early as Wednesday
Tips to prevent oversharing information about your kids online: Watch