A supporter of former US President Donald Trump waves an “America 2024” flag behind NYPD barricades at Trump Tower in New York City, on Oct 1, 2023. Donald Trump and his family business are set to stand trial in New York on Monday in a civil fraud case that could deal a major blow to the former US president’s real estate empire.
The trial comes a week after the judge presiding over the case found Trump liable for fraud and will largely concern the penalties he must face. "A discrepancy of this order of magnitude, by a real estate developer sizing up his own living space of decades, can only be considered fraud," he said. James alleges Trump reaped hundreds of millions of dollars in ill-gotten savings by"grossly" inflating the values of his assets to get better deals from lenders and insurers.