Current:Home > InvestTrump expected to attend opening of his civil fraud trial in New York on Monday -WealthSpot
Trump expected to attend opening of his civil fraud trial in New York on Monday
View
Date:2025-04-27 17:14:19
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! (5282)
Related
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- New Bumble feature gives women a different way to 'make the first move'
- China highway collapse sends cars plunging, leaving at least 48 dead, dozens injured
- Head Over to Lululemon’s We Made Too Much -- Get a $128 Romper for $39 & More Finds Under $50
- Global Warming Set the Stage for Los Angeles Fires
- Miss Universe Buenos Aires Alejandra Rodríguez Makes History as the First 60-Year-Old to Win
- Giannis Antetokounmpo, Damian Lillard attempting to return for Bucks' critical Game 6
- Heavy rain leads to flooding and closed roads in southeast Texas
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Pregnancy-related deaths fall to pre-pandemic levels, new CDC data shows
Ranking
- Former Syrian official arrested in California who oversaw prison charged with torture
- Middle school focuses on recovery as authorities investigate shooting of armed student
- Small plane crashed into residential Georgia neighborhood, killing pilot
- Defense chiefs from US, Australia, Japan and Philippines vow to deepen cooperation
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Pennsylvania man convicted of kidnapping a woman, driving her to a Nevada desert and suffocating her
- Kentucky judge declines, for now, to lift ban on executions
- Black trainer Larry Demeritte brings his $11,000 horse to the Kentucky Derby
Recommendation
See you latte: Starbucks plans to cut 30% of its menu
Pregnant Francesca Farago Shares Baby Names She Loves—And Its Unlike Anything You've Heard
Abortion access defines key New York congressional races
Arkansas governor says state won’t comply with new federal rules on treatment of trans students
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Michael Cohen hasn’t taken the stand in Trump’s hush money trial. But jurors are hearing his words
North Carolina congressional candidate suspends campaign days before primary runoff
Arkansas lawmakers approve $6.3 billion budget bill as session wraps up