Former President Donald Trump and his family business are gearing up for a legal showdown in the heart of Manhattan as they prepare a civil fraud trial case that threatens to send shockwaves through the real estate mogul’s empire.
Set to commence on Monday, this trial is poised to have far-reaching implications not only for Trump’s business interests but also for his political futureaccusations that Trump inflated the value of his assets by billions of dollarsAttorney General James is seeking substantial consequences, including fines of at least $250 million, a permanent ban on Trump and his sons, Donald Jr.
Engoron’s decision also had immediate consequences as he canceled business certificates for companies controlling key pillars of Trump’s empireWhile this ruling applies to only a fraction of the roughly 500 entities in Trump’s vast portfolio, it notably encompasses some of his most valuable properties. The specific implementation of Engoron’s order remains pending, but the potential loss of these prized assets could pose a significant financial setback for Trump.
The trial is scheduled to extend through early December and is expected to involve more than 150 potential witnesses, including Trump himself. However, much of the courtroom battle will likely revolve around expert testimonies and financial documents, shaping the future not only for Trump but also for his sprawling real estate empire.
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Donald Trump's business empire in peril as civil fraud trial opens in New YorkDonald Trump and his family business are set to stand trial in New York on Monday (Oct 2) in a civil fraud case that could deal a major blow to the former US president’s real estate empire. Trump, the frontrunner for the 2024 Republican presidential nomination, is accused by Democratic New York Attorney
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