SafeX Pro Exchange:Trump expected to attend opening of his civil fraud trial in New York on Monday

2025-05-06 14:23:27source:Poinbankcategory:News

Former President Donald Trump is SafeX Pro Exchangeexpected to attend the opening of his civil fraud trial in New York on Monday, multiple sources familiar with the decision told ABC News.

Opening statements are scheduled to begin Monday at 10 a.m. in the case brought last September by New York Attorney General Letitia James, who accused Trump, his eldest sons and his family business of inflating Trump's net worth by more than $2 billion by overvaluing his real estate portfolio.

The valuations caused lenders and insurers to give Trump better terms than he otherwise deserved, the attorney general said.

MORE: 5 things to watch for in Trump's $250 million civil fraud trial

Last week, the presiding judge, Arthur Engoron, granted the state's motion for partial summary judgment, effectively deciding the core of the case, finding "conclusive evidence" Trump and the others "overvalued the assets reported in the statements of financial condition between 17.27-38.51%; this amounts to a discrepancy of between $812 million and $2.2 billion."

The bench trial will help Engoron decide how much monetary penalties Trump should pay. The state has asked for about $250 million.

Trump has no speaking role on Monday, but he is expected to return to the courthouse in lower Manhattan toward the end of the state's case when court records show he will be called as a witness.

MORE: Judge says New York AG's $250M lawsuit against Trump will proceed without delay

Former President and Republican presidential candidate Donald Trump speaks during a 2024 presidential campaign rally in Dubuque, Iowa, Sept. 20, 2023.Scott Morgan/Reuters, FILE

More:News

Recommend

Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon

PROVIDENCE, R.I. (AP) — Cybercriminals could release personal data of many Rhode Islanders as early

Soldier dad disguised as school mascot surprises son in class

The first day of school can be a mix of jitters and excitement for kids, but a soldier in Ohio made

How Travis Kelce and Taylor Swift Influenced the Condiment Industry

Now this is a message in a bottle for Taylor Swift and Travis Kelce.The pop star's surprise appearan