2024-01-05 21:22:29
Read also: Donald Trump ineligible in Colorado: the Supreme Court will arbitrate the 2024 presidential election
With his sons and their Trump Organization family group, they are accused by the New York civil courts of having colossally inflated during the 2010s the value of the skyscrapers, luxury hotels or golf courses at the heart of their empire, to obtain more favorable loans from banks and better insurance conditions.
“Witch hunt” and “banana republic”
Since the start of the trial in Manhattan on October 2, the 77-year-old businessman has railed once morest justice each time he comes to court, denouncing a “witch hunt” or a “trial worthy of a banana republic.” . After attacks on his clerk, Judge Arthur Engoron banned Donald Trump from speaking regarding his team and imposed two fines totaling $15,000 for violating this order. His lawyers denounce a legally empty file.
Unlike the criminal trials awaiting him this year, including that for his alleged maneuvers aimed at reversing the result of the November 2020 presidential election, Donald Trump does not risk prison time in this civil case. But he is playing big and things are off to a bad start.
Closing of debates this month of January
Even before the opening of the proceedings, Judge Engoron estimated at the end of September that the prosecution presented “conclusive evidence that between 2014 and 2021, the defendants overvalued the assets” of the group by “812 million (to) 2.2 billion dollars” depending on the year, in the figures recorded on Donald Trump’s annual financial statements. As a result of “repeated fraud,” he ordered the liquidation of companies managing these assets, such as the Trump Tower on 5th Avenue in Manhattan or the 40 Wall Street skyscraper. Measures suspended, however, by an appeal court.
Read also: Joe Biden is in turn targeted by an impeachment inquiry
The trial concerns several other crimes, such as insurance fraud, and the financial penalties claimed by the New York State Attorney General’s Office, which is now asking for 370 million dollars and no longer 250 million in the initial complaint. It remains for Judge Engoron to close the proceedings this month and determine the amount of damage and reparations.
Also read: “There is no shortage of populist leaders and publics addicted to simplistic solutions”
1704490883
#York #State #seeks #million #Donald #Trump #financial #fraud #trial