Current:Home > ContactTrump expected to attend opening of his civil fraud trial in New York on Monday -Mastery Money Tools
Trump expected to attend opening of his civil fraud trial in New York on Monday
View
Date:2025-04-19 00:13:40
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! (9132)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- This heiress is going to allow 50 strangers to advise her on how to spend $27 million
- Migrant deaths in Rio Grande intensify tensions between Texas, Biden administration over crossings
- 2 Navy SEALs missing after falling into water during mission off Somalia's coast
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- How the Bizarre Cult of Mother God Ended With Amy Carlson's Mummified Corpse
- Some schools reopen and garbage collection resumes in Japan’s areas hardest-hit by New Year’s quake
- Two Navy SEALs are missing after Thursday night mission off coast of Somalia
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Aliens found in Peru are actually dolls made of bones, forensic experts declare
Ranking
- Sam Taylor
- Father of fallen NYPD officer who advocated for 9/11 compensation fund struck and killed by SUV
- Emergency federal aid approved for Connecticut following severe flooding
- Rams vs. Lions wild card playoff highlights: Detroit wins first postseason game in 32 years
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- New Hampshire firefighters battle massive blaze after multiple oil tankers catch fire
- Former presidential candidate Doug Burgum endorses Trump on eve of Iowa caucuses
- Philippine president congratulates Taiwan’s president-elect, strongly opposed by China
Recommendation
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
NFL wild-card playoff winners, losers from Sunday: Long-suffering Lions party it up
2024 starts with off-the-charts heat in the oceans. Here's what could happen next.
US delegation praises Taiwan’s democracy after pro-independence presidential candidate wins election
Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
Patrick Mahomes' helmet shatters during frigid Chiefs-Dolphins playoff game
Emergency federal aid approved for Connecticut following severe flooding
How Tyre Nichols' parents stood strong in their public grief in year after fatal police beating