Current:Home > FinanceDonald Trump says he will be in courtroom for New York trial scrutinizing his business practices -WealthSpot
Donald Trump says he will be in courtroom for New York trial scrutinizing his business practices
View
Date:2025-04-25 05:37:21
NEW YORK (AP) — With control over some of his most prized real estate holdings in jeopardy, former President Donald Trump says he will make a rare, voluntary trip to court Monday for the start of a civil trial in a lawsuit that has already resulted in a judge ruling that he committed fraud in his business dealings.
“I’m going to Court tomorrow morning to fight for my name and reputation,” Trump wrote Sunday night on his Truth Social platform.
Trump lashed out in his post at New York Attorney General Letitia James, who is suing him, and Judge Arthur Engoron, who is presiding over the non-jury trial and made the fraud ruling last week.
“THIS WHOLE CASE IS SHAM!!!” Trump wrote. “See you in Court - Monday morning.”
The trial is the culmination of a yearslong investigation by James, who accused Trump and his company of habitually lying about his wealth in financial statements.
Last week, Engoron resolved the lawsuit’s top claim before the trial even began, ruling that Trump routinely deceived banks, insurers and others by exaggerating the value of assets on paperwork used in making deals and securing loans.
The former president and a who’s who of people in his orbit — his two eldest sons, Trump Organization executives and former lawyer-turned-foe Michael Cohen are all listed among dozens of potential witnesses.
Trump isn’t expected to testify for several weeks. His trip to court Monday will mark a remarkable departure from his past practice.
Trump didn’t come to court as either a witness or a spectator when his company and one of its top executives was convicted of tax fraud last year. He didn’t show, either, for a trial earlier this year in which a jury found him liable for sexually assaulting the writer E. Jean Carroll in a department store dressing room.
In some ways, though, this new trial comes with higher stakes.
James, a Democrat, is seeking $250 million in penalties and a ban on doing business in New York.
Engoron’s ruling of last week, if upheld on appeal, would also shift control of some of his companies to a court-appointed receiver and could force him to give up prized New York properties such as Trump Tower, a Wall Street office building, golf courses and a suburban estate.
Trump called it a “a corporate death penalty.”
“I have a Deranged, Trump Hating Judge, who RAILROADED this FAKE CASE through a NYS Court at a speed never before seen,” Trump wrote on his Truth Social platform.
In his post Sunday night, Trump wrote that Engoron is “unfair, unhinged, and vicious in his PURSUIT of me.”
Engoron will decide on six remaining claims in James’ lawsuit, including allegations of conspiracy, falsifying business records and insurance fraud.
James’ lawsuit accused Trump and his company of a long list of fibs in the financial statements he gave to banks. In a recent court filing, James’ office alleged Trump exaggerated his wealth by as much as $3.6 billion.
Among the allegations were that Trump claimed his Trump Tower apartment in Manhattan — a three-story penthouse replete with gold-plated fixtures — was nearly three times its actual size and worth an astounding $327 million. No apartment in New York City has ever sold for close to that amount, James said.
Trump valued Mar-a-Lago as high as $739 million — more than 10 times a more reasonable estimate of its worth, James claimed. Trump’s figure for the private club and residence was based on the idea that the property, now a private club, could be developed for residential use, but deed terms prohibit that, James said.
Trump has denied wrongdoing, arguing in sworn testimony for the case that it didn’t matter what he put on his financial statements because they have a disclaimer that says they shouldn’t be trusted.
He and his lawyers have also argued that no one was harmed by anything in the financial statements. Banks he borrowed money from were fully repaid. Business partners made money. And Trump’s own company flourished.
James’ lawsuit is one of several legal headaches for Trump as he campaigns for a return to the White House in next year’s election. He has been indicted four times since March, accused of plotting to overturn his 2020 election loss, hoarding classified documents and falsifying business records related to hush money paid on his behalf.
The trial could last into December, Engoron said.
___
Associated Press writer Jill Colvin contributed to this report.
___
Follow Sisak at x.com/mikesisak and send confidential tips by visiting https://www.ap.org/tips
veryGood! (1)
Related
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- How Travis Kelce Is Shaking Off Jana Kramer's Critical Comments
- TikTok sues US government: Lawsuit alleges forced ban or sale violates First Amendment
- ESPN avoids complete disaster after broadcast snafu late in Hurricanes-Rangers NHL game
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- How Travis Kelce Is Shaking Off Jana Kramer's Critical Comments
- Idaho Murder Case: Former Roommate Reveals Final Text Sent to Victim Madison Mogen
- Michigan man accused of making explosives to target Satanic Temple in Massachusetts
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Hilary Duff Snuggles With Baby Girl Townes in Sweet Photo
Ranking
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Ivey signs bill putting response deadlines in state’s weak open records law
- Miss Teen USA UmaSofia Srivastava resigns days after Miss USA Noelia Voigt steps down
- Millie Bobby Brown Shares Look Inside Jake Bongiovi Romance While Celebrating His Birthday
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Boeing Starliner launch delayed to at least May 17 for Atlas 5 rocket repair
- Top water official in New Mexico to retire as state awaits decision in Rio Grande case
- Why David Beckham Reached Out to Tom Brady After Comedy Roast
Recommendation
The Louvre will be renovated and the 'Mona Lisa' will have her own room
Florida sheriff deputies burst into wrong apartment and fatally shot U.S. airman, attorney says
Serve up Style With These Pickleball-Inspired Fashions From Target, Lululemon, Halara, Spanx & More
Pregnant Jenna Dewan Poses Naked in Front of Open Window in Riskiest Photo Yet
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Ascension healthcare network disrupted by cyber security event, interrupting clinical operations
Marjorie Taylor Greene backs away from imminent threat to oust House Speaker Mike Johnson
ESPN avoids complete disaster after broadcast snafu late in Hurricanes-Rangers NHL game