Current:Home > ContactTrump expected to attend opening of his civil fraud trial in New York on Monday -ProgressCapital
Trump expected to attend opening of his civil fraud trial in New York on Monday
View
Date:2025-04-15 10:39:24
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! (59286)
Related
- Jury selection set for Monday for ex-politician accused of killing Las Vegas investigative reporter
- rue21 files for bankruptcy for the third time, all stores to close
- ‘The Fall Guy’ gives Hollywood a muted summer kickoff with a $28.5M opening
- Investigators say student killed by police outside Wisconsin school had pointed pellet rifle
- In ‘Nickel Boys,’ striving for a new way to see
- What do cicadas sound like? These noisy insects might be in your state this year
- Horoscopes Today, May 3, 2024
- Kentucky Derby 2024 highlights: Mystik Dan edges Sierra Leone to win Triple Crown's first leg
- $1 Frostys: Wendy's celebrates end of summer with sweet deal
- Former Michigan basketball star guard Darius Morris dies at age 33
Ranking
- PHOTO COLLECTION: AP Top Photos of the Day Wednesday August 7, 2024
- Australian police shoot dead a boy, 16, armed with a knife after he stabbed a man in Perth
- Amber Alert issued after 2 women found dead, child injured in New Mexico park
- Spoilers! How Jerry Seinfeld pulled off that 'fantastic' TV reunion for his Pop-Tart movie
- What do we know about the mysterious drones reported flying over New Jersey?
- Investigators say student killed by police outside Wisconsin school had pointed pellet rifle
- Angel Reese, Cardoso debuts watched widely on fan’s livestream after WNBA is unable to broadcast
- Boeing locks out its private firefighters around Seattle over pay dispute
Recommendation
The Best Stocking Stuffers Under $25
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Let's Roll!
A truck driver is accused of killing a Utah police officer by driving into him
NHL playoffs bracket 2024: What are the second round series in Stanley Cup playoffs?
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
Colorado dentist accused of killing wife with poison tried to plant letters to make it look like she was suicidal, police say
Best Wayfair Way Day 2024 Living Room Furniture and Patio Furniture Deals
Anna Nicole Smith's 17-Year-Old Daughter Dannielynn Looks All Grown Up at the Kentucky Derby