Former President Donald Trump and three of his children are accused of exaggerating the value of their real estate.
A civil business fraud trial against former President Donald Trump begins in New York on Monday. Trump and other defendants are accused of exaggerating the value of their real estate.
If found guilty, Trump would have to pay $250 million in damages and be banned from doing business in New York state.
This is one of four pending lawsuits Trump is facing in New York alone while he is seeking reelection in the 2024 presidential race.The lawsuit alleges Trump committed fraud to do business
After a three-year investigation, New York Attorney General Letitia James filed a lawsuit in September 2022 claiming Trump and his executive team engaged in fraudulent business practices. This includes allegations the value of Trump’s business and the market value of his real estate holdings in New York state and in Florida were inflated in order to land deals, and negotiate with banks and insurers.
