Court rejects Donald Trump’s bid to delay trial in wake of fraud ruling that threatens his business

  • 📰 SooToday
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 85%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

NEW YORK (AP) — An appeals court Thursday rejected Donald Trump’s bid to delay a civil trial in a lawsuit brought by New York’s attorney general, allowing the case to proceed days after a judge ruled the former president committed years of fraud and

The decision, by the state’s intermediate appellate court, clears the way for Judge Arthur Engoron to preside over a non-jury trial starting Oct. 2 in Manhattan in New York Attorney General Letitia James’ civil lawsuit.

Trump has denied wrongdoing, arguing that some of his assets are worth far more than what’s listed on annual financial statements that Engoron said he used to secure loans and make deals. Trump has argued that the statements have disclaimers that absolve him of liability. His lawyers have said they would appeal.In New York “these cases take many years to get to trial,” Trump wrote Wednesday in a post on his Truth Social platform that appeared to conflate several of his legal foes.

They filed a lawsuit against Engoron on Sept. 14 under a provision of state law known as Article 78, which allows people to challenge some judicial authority, and asked that the trial be postponed until that matter was resolved. Engoron ruled Tuesday that Trump and his company, the Trump Organization, defrauded banks, insurers and others with annual financial statements that massively overvalued his assets and exaggerated his wealth. Engoron ordered some of Trump’s companies removed from his control and dissolved. James alleges Trump boosted his net worth by as much as $3.6 billion.

 

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:

 /  🏆 8. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Explainer-What does New York fraud ruling mean for Donald Trump's business empire?By Jack Queen (Reuters) - The fate of Donald Trump’s business empire hangs in the balance after a New York judge stripped control of key properties ...
Source: SaltWire Network - 🏆 45. / 63 Read more »