Published 7 months ago

Trump business empire under threat as civil fraud trial opens in New York

New York Attorney General Letitia James accuses Donald Trump of fraudulently inflating the value of his assets to secure better loan and insurance terms, seeking $250 million in penalties and the removal of Trump and his sons from management of the family empire.
Justice Arthur Engoron ruled that Trump, his two adult sons, and 10 of his companies were proven to have committed fraud by inflating valuations, including Trump's apartment in Trump Tower. Engoron canceled business certificates and may appoint receivers to oversee dissolution. Trump plans to attend the trial.
Trump, facing four separate criminal cases, including hush money payments and election-related actions, denies wrongdoing and pleads not guilty. If these penalties are enforced, it could severely affect Trump's ability to conduct business in New York, including potentially losing control of the iconic Trump Tower.

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Times of India

Trump business empire under threat as New York fraud trial opens

Trump has repeatedly dismissed the New York civil allegations, calling James, who is Black, "racist," and labeling Engoron "deranged." On his Truth Social platform, Trump claimed there was no "wrongdoing" in his actions of "fully paying back sophisticated Wall Street Banks in full, with interest, with no defaults, and with no victims."

7 months ago·India

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News18 India

Trump Business Empire Under Threat as New York Fraud Trial Opens

The fraud trial, one of several legal battles against the 77-year-old Trump, could potentially see the former president barred from doing business in New York state

7 months ago·India

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The Guardian

Trump fraud civil suit starting Monday threatens to end his business career

New York attorney general Letitia James will argue Trump owes at least $250m in profits made from false financial statementsJust a few miles south of Trump Tower in New York City, a judge on Monday will hear allegations of fraud within the Trump Organization in a trial that could see Donald Trump and his family business paying hundreds of millions of dollars in damages and that has already threatened to end his business career in the city where …

7 months ago·London, United Kingdom

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CTV News

Trump seethes through the start of trial in New York lawsuit accusing him of lying about his wealth

Aggrieved and defiant, former U.S. president Donald Trump sat through hours of sometimes testy opening statements Monday in a fraud lawsuit that could cost him control of Trump Tower and other prized properties.

7 months ago·Canada

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Reuters

Donald Trump's business empire in peril as civil fraud trial opens in New York

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.

7 months ago·United Kingdom

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NDTV

Donald Trump's Business Empire Under Threat As Civil Fraud Case Kicks Off

Former US president Donald Trump will appear in a New York court on Monday as a civil fraud trial against him and two of his sons kicks off, with the case threatening the Republican's business empire as he campaigns to retake the White House.

7 months ago·New Delhi, India

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