Trump's business and political ambitions poised to converge as he testifies in New York civil case

  • 📰 ABC7Chicago
  • ⏱ Reading Time:
  • 77 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

When Donald Trump takes the stand Monday in a Manhattan courtroom to testify in his civil fraud trial, it will be an undeniable spectacle: A former president and the leading Republican presidential candidate defending himself against allegations that he dramatically inflated his net worth.

Janice Yu reports from Lower Manhattan where Former President Donald Trump is expected to testify in his civil fraud trial.

"It's going to be a stunning moment. This is dramatic enough if he was simply an ex-president facing these charges. But the fact that he is the overwhelming favorite to run the GOP, it makes this a staggering Monday," said presidential historian Douglas Brinkley. He will also be coming face-to-face again Monday with Engoron, whom he has lambasted on his social media site in recent days as a "wacko" and "RADICAL LEFT, DEMOCRAT OPERATIVE JUDGE" who has already "ruled viciously" against him.

Among the topics likely to be covered: Trump's role in his company's decision making, in its valuing of his properties, and in preparing his annual financial statements. Trump is likely to be asked about loans and other deals that were made using the statements and what intent, if any, he had in portraying his wealth to banks and insurers the way the documents did.

Eric Trump, the former president's middle son, who testified in the case last week, said his father was eager for his appearance on the stand. "Right now this New York attorney general case is a threat to the extinction of his eponymous company as well as his financial future," he said. Trump's forthcoming criminal cases - accusing him of misclassifying hush money payments, illegally trying to overturn the result of the 2020 election and hoarding documents at his Mar-a-Lago club "have far more significant consequences, most specifically the termination of his freedom.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 284. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines