Current:Home > NewsSafeX Pro:Donald Trump says he will be in courtroom for New York trial scrutinizing his business practices -NextGenWealth
SafeX Pro:Donald Trump says he will be in courtroom for New York trial scrutinizing his business practices
Will Sage Astor View
Date:2025-04-11 00:24:33
NEW YORK (AP) — With control over some of his most prized real estate holdings in jeopardy,SafeX Pro 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! (452)
Related
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- All the Celebrities Who Have a Twin You Didn't Know About
- USA vs. Portugal: How to watch, live stream 2023 World Cup Group E finale
- Sinéad O'Connor, legendary singer of Nothing Compares 2 U, dead at 56
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- More than 80 private, parochial schools apply to participate in new voucher program
- Fabricated data in research about honesty. You can't make this stuff up. Or, can you?
- From trash-strewn beach to artwork: How artists are raising awareness of plastic waste
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- As social network Threads grows, voting rights groups worry about misinformation
Ranking
- Senate begins final push to expand Social Security benefits for millions of people
- Tornado damage to Pfizer factory highlights vulnerabilities of drug supply
- What's Making Us Happy: A guide to your weekend listening and viewing
- These are the classic video games you can no longer play (Spoiler: It's most of them)
- See you latte: Starbucks plans to cut 30% of its menu
- From trash-strewn beach to artwork: How artists are raising awareness of plastic waste
- 'Haunted Mansion' is grave
- All the Celebrities Who Have a Twin You Didn't Know About
Recommendation
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Weighted infant sleepwear is meant to help babies rest better. Critics say it's risky
Headspace helps you meditate on the go—save 30% when you sign up today
Expand your workspace and use your iPad as a second screen without any cables. Here's how.
In ‘Nickel Boys,’ striving for a new way to see
Richard E. Grant’s ‘A Pocketful of Happiness,’ Ann Patchett’s ‘Tom Lake’: 5 new books
What's Making Us Happy: A guide to your weekend listening and viewing
What recession? It's a summer of splurging, profits and girl power