Trump may seek to pause $250 million New York business fraud trial

  • 📰 CNBC
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

NY AG Letitia James alleges Trump, Donald Trump Jr., Eric Trump and others overvalued key Trump Organization assets to get better loan terms and tax advantages.

A New York judge demanded information from Donald Trump and others about business entities whose certificates have been canceled as part of an ongoing fraud case.

Former US President Donald Trump sits inside the courtroom for the third day of his civil fraud trial in New York on October 4, 2023.may ask a New York appeals court to pause his ongoing $250 million business fraud trial and stay a judge's order that could gut the former president's company, lawyers said Thursday afternoon.

That AG's lawyer, Andrew Amer, told Engoron that his office is entitled to advance 24-hour notice of such an appeal.AG Letitia James in a lawsuit alleges that Trump, his adult sons, the Trump Organization, and company executives misstated the values of real estate properties, and as a result grossly exaggerated Trump's net worth as disclosed on financial statements.

 

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:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines