Donald Trump's business empire in peril as civil fraud trial opens in New York

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Donald Trump's business empire in peril as civil fraud trial opens in New York
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Donald Trump and his family business are set to stand trial in New York on Monday in a civil fraud case that could deal a major blow to the former U.S. president’s real estate empire.

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A supporter of former U.S. President Donald Trump holds up a U.S. national flag at Trump Tower in New York City, U.S., October 1, 2023.

Engoron canceled business certificates for companies controlling pillars of Trump’s empire -- including Trump Tower and his golf clubs in New York -- and said he would appoint receivers to oversee their dissolution. James alleges Trump reaped hundreds of millions of dollars in ill-gotten savings by "grossly" inflating the values of his assets to get better deals from lenders and insurers.

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Donald Trump says he will be in courtroom for New York trial scrutinizing his business practicesDonald Trump says he will be in courtroom for New York trial scrutinizing his business practicesWith control over some of his most prized real estate holdings in jeopardy, former President Donald Trump says he will make a rare, voluntary trip to court Monday for the start of a civil trial in a lawsuit that has already resulted in a judge ruling that he committed fraud in his business dealings.
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