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

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

Malaysia News News

Donald 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

A supporter of former US President Donald Trump waves an “America 2024” flag behind NYPD barricades at Trump Tower in New York City, on Oct 1, 2023. 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 US president’s real estate empire.

The trial comes a week after the judge presiding over the case found Trump liable for fraud and will largely concern the penalties he must face. "A discrepancy of this order of magnitude, by a real estate developer sizing up his own living space of decades, can only be considered fraud," he said. 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.

 

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:

 /  🏆 6. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines