Current:Home > InvestTrump expected to attend opening of his civil fraud trial in New York on Monday -Momentum Wealth Path
Trump expected to attend opening of his civil fraud trial in New York on Monday
View
Date:2025-04-16 10:46:23
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! (7)
Related
- North Carolina justices rule for restaurants in COVID
- Robinson will not appear at Trump’s North Carolina rally after report on alleged online comments
- Ukrainian President Zelenskyy will visit a Pennsylvania ammunition factory to thank workers
- What to watch: Let's be bad with 'The Penguin' and 'Agatha All Along'
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Federal authorities subpoena NYC mayor’s director of asylum seeker operations
- Carrie Coon insists she's not famous. 'His Three Daughters' might change that.
- Inter Miami's goals leader enjoys title with Leo Messi on his tail before NYCFC match
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- S&P 500, Dow hit record highs after Fed cuts rates. What it means for your 401(k).
Ranking
- Rylee Arnold Shares a Long
- Spotted: The Original Cast of Gossip Girl Then vs. Now
- NASCAR 2024 playoff standings: Who is in danger of elimination Saturday at Bristol?
- Over 137,000 Lucid beds sold on Amazon, Walmart recalled after injury risks
- Travis Hunter, the 2
- Friends Creators Address Matthew Perry's Absence Ahead of Show's 30th Anniversary
- New York magazine says its star political reporter is on leave after a relationship was disclosed
- Game of Thrones Cast Then and Now: A House of Stars
Recommendation
The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
Jelly Roll makes 'Tulsa King' TV debut with Sylvester Stallone's mobster: Watch them meet
Katy Perry Reveals How She and Orlando Bloom Navigate Hot and Fast Arguments
Tia Mowry Reveals She Is No Longer Close With Twin Sister Tamera After Divorce
A South Texas lawmaker’s 15
Dan Evans, former Republican governor of Washington and US senator, dies at 98
Youngest NFL players: Jets RB Braelon Allen tops list for 2024
The Fate of Pretty Little Liars Reboot Revealed After 2 Seasons