Donald Trump returns to court in New York on fraud case
- October 17, 2023
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Donald Trump appeared in court in New York on Tuesday third week of civil fraud trial it could destroy the foundations of the former US president’s business empire.
Donald Trump appeared in court in New York on Tuesday third week of civil fraud trial it could destroy the foundations of the former US president’s business empire.
Trump, the favorite for the 2024 Republican presidential nomination, arrived fresh from a campaign stop this Monday in Iowa and a week away from a trial on allegations that he inflated his net worth to secure more lucrative lending terms.
The timing of his return to court initially coincided with his former lawyer’s scheduled testimony. Michael Cohenthe main witness in the case, who is expected to testify next week.
Michael Cohen.
A real estate appraiser who was involved in appraising 40 Trump properties on Wall Street, as well as a Trump Organization accountant who handles the company’s internal accounting practices, are expected to testify Tuesday.
Lawsuit from New York’s Democratic Attorney General Letitia Jamesclaims Trump received hundreds of millions of dollars in savings made ill-gotten gains by exaggerating the value of his property in the documents he provided to the banks.
Letitia James.
Trump has denied wrongdoing and defended his property valuation, saying the case is ‘fraud’ and attacked James and the judge hearing the case.
World judge Arthur Engoron ruled in September that Trump committed fraud and ordered the liquidation of companies that control the crown jewels of his real estate portfolio, including Trump Tower from Manhattan. Sentencing has been delayed while the former president appeals.
In court, the focus is on damages. James argues that at least $250 million in finesa permanent ban on Trump and his sons Donald Jr. and Eric from doing business in New York, as well as a five-year commercial real estate ban on Trump and the Trump Organization.
(according to information from Reuters)
Source: Aristegui Noticias
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