Current:Home > InvestDonald Trump says he will be in courtroom for New York trial scrutinizing his business practices -Keystone Wealth Vision
Donald Trump says he will be in courtroom for New York trial scrutinizing his business practices
View
Date:2025-04-15 20:53:44
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! (511)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- NYC mayor vetoes bill expanding reporting of police stops, faces override by City Council
- AP Decision Notes: What to expect in the Bridgeport, Connecticut, do-over mayoral primary
- Novak Djokovic advances into fourth round in 100th Australian Open match
- Tom Holland's New Venture Revealed
- Lawsuit in Chicago is the latest legal fight over Texas moving migrants to U.S. cities
- German government wants companies to 'de-risk' from China, but business is reluctant
- Proof Emily in Paris Season 4 Is Closer Than You Think
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Illinois high court hands lawmakers a rare pension-overhaul victory
Ranking
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Fani Willis hired Trump 2020 election case prosecutor — with whom she's accused of having affair — after 2 others said no
- Time is running out for closer Billy Wagner on Baseball Hall of Fame bubble
- Amy Robach, former GMA3 host, says she joined TikTok to 'take back my narrative'
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Amy Robach, former GMA3 host, says she joined TikTok to 'take back my narrative'
- Home sales slowed to a crawl in 2023. Here's why.
- Haven't made it to Taylor Swift's Eras Tour yet? International dates may offer savings
Recommendation
The Super Bowl could end in a 'three
North Dakota lawmaker who insulted police in DUI stop gets unsupervised probation and $1,000 fine
A rising tide of infrastructure funding floats new hope for Great Lakes shipping
Man on trial for killing young woman whose friends pulled into wrong driveway says ‘my soul is dead’
Former Danish minister for Greenland discusses Trump's push to acquire island
2023 was slowest year for US home sales in nearly 30 years as high mortgage rates frustrated buyers
Midwife who gave 1,500 kids homeopathic pellets instead of vaccines put lives in jeopardy, New York health officials say
Rent or buy a house? The gap is narrowing for affordability in the US