Current:Home > ScamsTrump expected to attend opening of his civil fraud trial in New York on Monday -EliteFunds
Trump expected to attend opening of his civil fraud trial in New York on Monday
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-09 14:06:25
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! (43)
Related
- South Korean president's party divided over defiant martial law speech
- Anne Hathaway’s Reaction to The Princess Diaries 3 Announcement Proves Miracles Happen
- Why Sean Diddy Combs Sex Trafficking Case Was Reassigned to a New Judge
- Barbie releases new doll for Diwali to 'celebrate the power and beauty of diversity'
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Halloweentown’s Kimberly J. Brown Reveals Where Marnie Is Today
- Devils' Jacob Markstrom makes spectacular save to beat Sabres in NHL season opener
- Man deemed violent predator caught after removing GPS monitor, escaping and prompting 3-day search
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Airbnb offering free temporary housing to displaced Hurricane Helene survivors
Ranking
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Four Downs: A Saturday of complete college football chaos leaves SEC race up for grabs
- You'll Cry a River Over Justin Timberlake's Tribute to Jessica Biel for Their 12th Anniversary
- Keanu Reeves crashes at Indianapolis Motor Speedway in pro auto racing debut
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- MIami, Mississippi on upset alert? Bold predictions for Week 6 in college football
- A year into the Israel-Hamas war, students say a chill on free speech has reached college classrooms
- Why Hurricane Helene Could Finally Change the Conversation Around Climate Change
Recommendation
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
Man fatally shoots his 81-year-old wife at a Connecticut nursing home
'That '90s Show' canceled by Netflix, show's star Kurtwood Smith announces on Instagram
The Supreme Court opens its new term with election disputes in the air but not yet on the docket
Military service academies see drop in reported sexual assaults after alarming surge
A Tennessee nurse and his dog died trying to save a man from floods driven by Hurricane Helene
Bad News, Bears? States Take Legal Actions to End Grizzlies’ Endangered Species Protections
Arizona voters will decide on establishing open primaries in elections