Current:Home > StocksTrump expected to attend opening of his civil fraud trial in New York on Monday -Prosper Capital Insights
Trump expected to attend opening of his civil fraud trial in New York on Monday
View
Date:2025-04-19 17:11:59
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! (23)
Related
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Seeking to counter China, US awards $3 billion for EV battery production in 14 states
- YouTuber MrBeast, Amazon sued by reality show contestants alleging abuse, harassment
- Louisiana-Monroe not going to 'hold any fear' vs. Arch Manning, defensive coordinator says
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- 'I gotta see him go': Son of murdered South Carolina woman to attend execution
- A new life is proposed for Three Mile Island supplying power to Microsoft data centers
- Elle King Addresses Relationship With Dad Rob Schneider Amid Viral Feud
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- University of Cincinnati provost Valerio Ferme named new president of New Mexico State University
Ranking
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Fed cuts interest rate half a point | The Excerpt
- Nike names Elliott Hill as CEO, replacing John Donahoe
- Florida sheriff shames 2 more kids after school threats. Is it a good idea?
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Whoa! 'Golden Bachelorette' first impression fails, including that runaway horse
- Authorities were warned that gunman was planning to attack Yellowstone facility
- Nebraska resurgence just the latest Matt Rhule college football rebuild bearing fruit
Recommendation
Grammy nominee Teddy Swims on love, growth and embracing change
Weasley Twins James Phelps and Oliver Phelps Return to Harry Potter Universe in New Series
Why JoJo Felt Insecure About Her Body While Filming Aquamarine
These Amazon Top-Rated Fall Wedding Guest Dresses Are All Under $60 Right Now
Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
Sean ‘Diddy’ Combs joins list of Hollywood stars charged with sex crimes
Western nations were desperate for Korean babies. Now many adoptees believe they were stolen
Tomorrow X Together's Yeonjun on solo release: 'I'm going to keep challenging myself'