Get live updates from the trial of former President Trump in a $250 million fraud suit brought by New York Attorney General Letitia James.
Donald Trump and Trump Organization execs are accused of defrauding lenders.
Trump to take stand in civil fraud trial
Former President Donald Trump is on trial in New York in a $250 million lawsuit that could alter the personal fortune and real estate empire that helped propel Trump to the White House.
Trump, his sons Eric and Don Jr., and Trump Organization executives are accused by New York Attorney General Letitia James of engaging in a decade-long scheme in which they used « numerous acts of fraud and misrepresentation » to inflate Trump’s net worth in order get more favorable loan terms. The trial comes after the judge in the case ruled in a partial summary judgment that Trump had submitted « fraudulent valuations » for his assets, leaving the trial to determine additional actions and what penalty, if any, the defendants should receive.
The former president has denied all wrongdoing and his attorneys have argued that Trump’s alleged inflated valuations were a product of his business skill.
