Current:Home > NewsTrump expected to attend opening of his civil fraud trial in New York on Monday -Edge Finance Strategies
Trump expected to attend opening of his civil fraud trial in New York on Monday
View
Date:2025-04-16 05:33:53
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! (4)
Related
- Grammy nominee Teddy Swims on love, growth and embracing change
- Bodies of 5 Greek military personnel killed in Libya flooding rescue effort are flown home
- 2 charged with murder following death of 1-year-old at day care
- 50 Cent reunites with Eminem onstage in Detroit for 'Get Rich or Die Tryin' anniversary tour
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- UN warns disease outbreak in Libya’s flooded east could spark ‘a second devastating crisis’
- UAW strike, Trump's civil trial in limbo, climate protests: 5 Things podcast
- How to watch Simone Biles, Shilese Jones and others vie for spots on world gymnastics team
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- A truck-bus collision in northern South Africa leaves 20 dead, most of them miners going to work
Ranking
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- NFL Week 2 winners, losers: Patriots have a major problem on offense
- Ukraine and its allies battle Russian bid to have genocide case tossed out of the UN’s top court
- 2 charged with murder following death of 1-year-old at day care
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Idaho student murders suspect Bryan Kohberger followed victims on Instagram, says family
- Deal Alert: Get a NuFACE The FIX Line Smoothing Device & Serum Auto-Delivery For Under $100
- Pennsylvania police search for 9 juveniles who escaped from detention facility during a riot
Recommendation
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Report on racism against Roma and Sinti in Germany shows widespread discrimination
Halloweentown Costars Kimberly J. Brown and Daniel Kountz Tease Magical Wedding Plans
Republicans propose spending $614M in public funds on Milwaukee Brewers’ stadium upgrades
New data highlights 'achievement gap' for students in the US
Do air purifiers work? Here's what they do, and an analysis of risks versus benefits
Hurricane Lee fades, but 'life-threatening' surf persists for thousands of miles: Updates
Ex-NFL player Sergio Brown missing after his mother killed near Chicago-area home