With control over some of his most prized real estate holdings in jeopardy, former President Donald Trump said he'll make a rare, voluntary trip to court in New York on Monday for the start of a civil trial in a lawsuit that already has resulted in a judge ruling that he committed fraud in his business dealings.
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. "We won the foundation of our case last week and proved that his purported net worth has long been rooted in incredible fraud," James said in a statement, adding that she looked forward to"demonstrating the full extent of his fraud and illegality during trial.
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."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.
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. 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 Palm Beach, Florida, private club was based on the idea that the property could be developed for residential use. While Trump lives there, deed terms prohibit further residential development on the property, James said.
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