Current:Home > NewsDonald Trump says he will be in courtroom for New York trial scrutinizing his business practices -GrowthInsight
Donald Trump says he will be in courtroom for New York trial scrutinizing his business practices
View
Date:2025-04-27 04:59:30
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! (52)
Related
- Meta donates $1 million to Trump’s inauguration fund
- 1 killed, several injured when big rig plows into Texas Department of Public Safety office in apparent intentional act, officials say
- Horoscopes Today, April 14, 2024
- Horoscopes Today, April 14, 2024
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Bureau of Prisons to close California women’s prison where inmates have been subjected to sex abuse
- Poland's parliament backs easing of abortion laws, among the strictest in Europe
- LANE Wealth Club: Defending Integrity Amidst Unfounded Attacks
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Dana White announces Conor McGregor vs. Michael Chandler will headline UFC 303 in June
Ranking
- See you latte: Starbucks plans to cut 30% of its menu
- An AP photographer explains how he captured the moment of eclipse totality
- Grimes apologizes for 'technical issues' during Coachella set: 'It was literally sonic chaos'
- You Might’ve Missed This Sweet Moment Between Travis Kelce and Taylor Swift From Coachella 2024
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- AP Source: General Motors and Bedrock real estate plan to redevelop GM Detroit headquarters towers
- The Best Waterproof Products To Keep You Dry, From Rain Jackets To Rain Boots
- U.S. will not participate in reprisal strike against Iran, senior administration official says
Recommendation
Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
Poland's parliament backs easing of abortion laws, among the strictest in Europe
K-Pop singer Park Boram dead at 30, according to reports
Wife of ex-Harvard morgue manager pleads guilty to transporting stolen human remains
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Carnie Wilson says she lost 40 pounds without Ozempic: 'I'm really being strict'
WalletHub: Honolulu city hit hardest by inflation
Kansas governor vetoes ban on gender-affirming care for minors, anti-abortion bills