Former President Donald Trump is on trial in New York in a $250 million lawsuit that could alter the personal fortune and real estate empire that helped propel Trump to the White House.
Trump, his sons Eric and Don Jr., and Trump Organization executives are accused by New York Attorney General Letitia James of engaging in a decade-long scheme in which they used “numerous acts of fraud and misrepresentation” to inflate Trump’s net worth in order get more favorable loan terms. The trial comes after the judge in the case ruled in a partial summary judgment that Trump had submitted “fraudulent valuations” for his assets, leaving the trial to determine additional actions and what penalty, if any, the defendants should receive.
The former president has denied all wrongdoing and his attorneys have argued that Trump’s alleged inflated valuations were a product of his business skill.
‘We have a busy day,’ judge says as court gets underway
“We have a busy day and a busy week, so let’s try to move things along,” Judge Engoron remarked as he brought the courtroom to order to begin the day’s proceedings.
“Would you like to continue your witness?” Engoron asked state attorney Eric Haren.
“We would,” said Haren, before calling back to the stand former Trump Organization vice president David Orowitz, who began his testimony yesterday afternoon.
Defense attorneys Chris Kise, Alina Habba, and Jesus Suarez are sitting at the counsel table, leaving one seat available for Donald Trump Jr., who has not yet appeared ahead of his scheduled testimony this afternoon.
Trump rails against judge, gag order
Former President Trump continued to attack Judge Engoron this morning, calling him “crazy, totally unhinged, and dangerous” on his Truth Social platform.
“He then put a RIDICULOUS GAG ORDER ON ME, which we will appeal. He fines me at levels never seen before,” Trump wrote this morning.\