Current:Home > ScamsTrump 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:2025-04-26 12:03:03
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! (31291)
Related
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Billie Lourd Shares How She Keeps Mom Carrie Fisher’s Legacy Alive With Kids on Anniversary of Her Death
- Nikki Haley, asked what caused the Civil War, leaves out slavery. It’s not the first time
- Commanders bench Sam Howell, will start Jacoby Brissett at QB vs. 49ers
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Doctors are pushing Hollywood for more realistic depictions of death and dying on TV
- Zillow's top 10 most popular markets of 2023 shows swing to the East
- In its 75th year, the AP Top 25 men’s basketball poll is still driving discussion across the sport
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Watch this gift-giving puppy shake with excitement when the postal worker arrives
Ranking
- Meta releases AI model to enhance Metaverse experience
- Directors pick the soundtracks for NPR's shows. Here are their own 2023 playlists
- Michigan Supreme Court rejects bid to keep Trump off 2024 primary ballot
- Colorado man sentenced in Nevada power plant fire initially described as terror attack
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- North Dakota lawmaker who used homophobic slurs during DUI arrest has no immediate plans to resign
- Shakira’s hometown unveils a giant statue of the beloved Colombian pop star
- Utah therapist Jodi Hildebrandt pleads guilty to abusing children with YouTube mom Ruby Franke
Recommendation
Arkansas State Police probe death of woman found after officer
On the headwaters of the Klamath River, water shortages test tribes, farmers and wildlife
The Powerball jackpot now at $685 million: When is the next drawing?
Antonio Pierce makes pitch to be Raiders' full-time coach: 'My resume is on the grass'
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
The number of wounded Israeli soldiers is mounting, representing a hidden cost of war
Drunk drivers crash into accident scene in Portland, nearly hit officer: Reports
Takeaways from AP investigation into Russia’s cover-up of deaths caused by dam explosion in Ukraine