Donald Trump appears in New York City for $250M civil fraud trial

Donald Trump appears in New York City for $250M civil fraud trial

October 02, 2023 09:59 AM

Former President Donald Trump arrived in New York City on Monday for the start of a civil fraud trial after he was found liable last month for inflating his net worth by billions of dollars.

Justice Arthur Engoron, a Democrat, is presiding over the nonjury trial, which is taking place at 10:00 a.m. in a lower Manhattan courtroom and is expected to last several hours.

The trial will examine six claims in a sweeping lawsuit brought by Democratic Attorney General Letitia James, who found Trump and the Trump Organization grossly overstated the value of several of their assets, including Trump’s Mar-a-Lago residence in Florida.

In a 35-page ruling, Engoron found that property, for example, was valued at around $18 million, while Trump maintains that it is worth more than $1 billion.

The morning of the hearing, James said in a statement, “For years, Donald Trump falsely inflated his net worth to enrich himself and cheat the system. We won the foundation of our case last week and proved that his purported net worth has long been rooted in incredible fraud.”

She added, “In this country, there are consequences for this type of persistent fraud, and we look forward to demonstrating the full extent of his fraud and illegality during trial.”

James is seeking $250 million in damages in the case and aiming to prohibit Trump from doing business in New York.

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Trump, the leading Republican in the 2024 presidential election, has publicly attacked James and Engoron as “racist” and “deranged,” respectively, and he has criticized the case as “fake” and a form of election interference.

He wrote on his social media platform the night before his appearance, “Engoron is working diligently to misrepresent me, and my net worth, which is substantially MORE than is shown on my fully ‘disclaimed’ Financial Statements.”

This story is developing.

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