Trump civil fraud trial enters second day as business empire hangs in balance

Trump, the frontrunner for the 2024 Republican presidential nomination, is accused along with his two sons and nearly a dozen business associates of inflating the value of his assets by billions of dollars to secure more favorable loan and insurance terms.

The trial comes a week after Justice Arthur Engoron, who is presiding over the case, ruled that Trump committed fraud and canceled business certificates for companies that control crown jewels of his portfolio, including Trump Tower and 40 Wall Street in Manhattan. Engoron said he would appoint receivers to oversee their dissolution.

Trump’s lawyer Christopher Kise said during his opening statement that Trump’s valuations actually understated the value of his assets and were based on the business acumen that allowed him to build “one of the most successful real estate empires in the world.”

United States United States Latest News, United States United States Headlines

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

Donald Trump's business empire in peril as civil fraud trial opens in New YorkOCT 2 — Donald Trump and his family business are set to stand trial in New York today in a civil fraud case that could deal a major blow to the former US president’s real...
Source: malaymail - 🏆 1. / 86 Read more »

Donald Trump's business empire in peril as civil fraud trial opens in New York(Reuters) -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.
Source: staronline - 🏆 4. / 75 Read more »

Trump business empire under threat as New York fraud trial opensNEW YORK: Donald Trump faces fresh legal danger on Monday as a civil fraud trial against the former president and two of his sons begins in New York, ...
Source: theSundaily - 🏆 25. / 51 Read more »