Trump business empire under threat as New York fraud trial opens

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NEW YORK: Donald Trump faces fresh legal danger on Monday as a civil fraud trial against the former president and two of his sons begins in New York, ...

Former US president Donald Trump said he plans to appear in a New York court on October 2 for the opening of a trial in which he is accused of a years-long scheme to inflate the value of real estate and financial assets.

After that, Trump will be back in New York state court, this time on criminal hush money charges, and later in a Florida federal court, where he is accused of mishandling classified documents after leaving office. Actually enforcing such penalties would be “a major blow to Donald Trump’s ability to do business in the State of New York going forward,“ Will Thomas, a professor of business law at the University of Michigan, told AFP.

Another Manhattan building, at 40 Wall Street, was overvalued between $200-$300 million in financial disclosures, James alleges. On his Truth Social platform, Trump claimed there was no “wrongdoing” in his actions of “fully paying back sophisticated Wall Street Banks in full, with interest, with no defaults, and with no victims.”

 

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