Trump business empire under threat as New York fraud trial opens

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A combative Donald Trump appeared in a New York court on Monday to face civil fraud charges, denouncing the case as a 'sham' intended to torpedo his campaign to retake the White House.

Former President Donald Trump speaks to the media after leaving a New York State Supreme court after the start of the civil fraud trial against him on October 02, 2023 in New York City. Trump and his associates are being charged with inflating assets in fraudulent financial statements. A ruling last week by a judge determined that Trump and his co-defendants are liable for “persistent and repeated” fraud.

New York Attorney General Letitia James is now seeking $250 million in penalties and the removal of Trump and his sons from management of the family empire."No matter how powerful you are, no matter how much money you think you may have, no one is above the law," she said."It's a sham," he said. "My financial statements are phenomenal."

The judge revoked the business licenses that allowed the Trump Organization to operate some of its New York properties. Another Manhattan building, at 40 Wall Street, was overvalued between $200-$300 million in financial disclosures, James alleges. Trump's former lawyer Michael Cohen -- now an outspoken critic of the former president -- and officials from Trump-linked financial institutions are also expected to appear.10 dreamy experiences in Europe, America for your 2024 travel bucket list, plus an early bird promoDHL Express announces annual price adjustments in Philippines for 2024New Zealand Prime Minister Chris Hipkins said on Sunday that he had contracted COVID-19, testing positive at a key point...

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