Current:Home > InvestTrump expected to attend opening of his civil fraud trial in New York on Monday -FundPrime
Trump expected to attend opening of his civil fraud trial in New York on Monday
View
Date:2025-04-17 19:53:50
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
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Why Suits' Gabriel Macht Needed Time Away From Harvey Specter After Finale
- Certifying this year’s presidential results begins quietly, in contrast to the 2020 election
- Watch: Military dad's emotional return after a year away
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Dallas Long, who won 2 Olympic medals while dominating the shot put in the 1960s, has died at 84
- Oprah Winfrey Addresses Claim She Was Paid $1 Million by Kamala Harris' Campaign
- Can I take on 2 separate jobs in the same company? Ask HR
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- 'Bizarre:' Naked man arrested after found in crawl space of California woman's home
Ranking
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- As Northeast wildfires keep igniting, is there a drought-buster in sight?
- Glen Powell Addresses Rumor He’ll Replace Tom Cruise in Mission Impossible Franchise
- TikToker Campbell “Pookie” Puckett Gives Birth, Welcomes First Baby With Jett Puckett
- Meta releases AI model to enhance Metaverse experience
- Disruptions to Amtrak service continue after fire near tracks in New York City
- Travis Kelce's and Patrick Mahomes' Kansas City Houses Burglarized
- Tom Brady Shares How He's Preparing for Son Jack to Be a Stud
Recommendation
Nearly half of US teens are online ‘constantly,’ Pew report finds
Indiana in the top five of the College Football Playoff rankings? You've got to be kidding
NFL overreactions: New York Jets, Dallas Cowboys going nowhere after Week 10
Shawn Mendes quest for self-discovery is a quiet triumph: Best songs on 'Shawn' album
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Keke Palmer Says Ryan Murphy “Ripped” Into Her Over Scream Queens Schedule
Oprah Winfrey denies being paid $1M for Kamala Harris rally: 'I was not paid a dime'
Driver dies after crashing on hurricane-damaged highway in North Carolina