Top Line

Former President Donald Trump will testify under oath next year on whether he and his company fraudulently inflated property values ​​for financial gain, his attorney said in court Tuesday, as the Trump Organization goes to trial in October. is ready for — just before Trump asks voters to re-elect him as president in the 2024 primary elections.

Key Facts

- Advertisement -

Trump’s lawyer Alina Habba told a New York State judge on Tuesday that Trump wanted to testify at the trial, insider And this financial Times Report good.

Habba said Trump wants to defend himself in front of a trial by Manhattan residents, Insider reports, favoring a jury trial over a trial in which only the judge delivers the verdict.

The hearing came after Trump and other plaintiffs in the case — which include his children and the Trump Organization — filed a petition to dismiss New York Attorney General Letitia James’ lawsuit alleging the company used the company for financial gain. Repeatedly misrepresented the value of your property.

The lawsuit directly implicates Trump, alleging the fraudulent documents were “approved at the highest levels of the Trump Organization – including Mr. Trump himself.”

New York State Supreme Court Justice Arthur Angoron—who has Trump Claimed biased against him and unsuccessfully fought to have the case withdrawn—had little patience for attempting to have the case dismissed, multiple shops report goodsaying that the former president’s legal arguments were “deja vu all over again” and reiterated arguments he had already rejected in the case.

Angoron set a trial date for October 2, 2023, however financial Times reports Trump’s lawyers are seeking a delay in the trial.

what to watch

New York's lawsuit asks the court to fine Trump, his children and the business $250 million, revoke certificates for Trump's businesses, put more oversight on the company, bar Trump from being involved in any commercial real estate, and more. Asks for the imposition of penalties. confiscation for five years and barring them and their children from serving as officers or directors in any New York business. The case is a civil lawsuit, meaning there would be no criminal penalties for Trump or his company if he is convicted, but James said that when the lawsuit was filed his office had informed the Justice Department and Interior about the crimes. Evidence was also sent. Revenue Service, which may result in additional criminal charges.

tangent line

The trial related to James' trial is separate from a separate trial the Trump Organization is now facing for alleged tax fraud, which is based on criminal charges brought by the Manhattan District Attorney's Office and has been ongoing since October. Unlike James' trial, Trump has not been personally implicated in that case and will not testify.

amazing facts

Trump's willingness to testify at the New York trial comes as the president has made repeated attempts in the past to testify under oath. The president and his children were forced to testify in the James investigation, which led to a civil lawsuit after fighting court subpoenas, and when Trump was impeached in the investigation, he refused to answer questions and invoked his Fifth Amendment rights instead. The former president is also now contesting a subpoena for his testimony as part of the House Jan. 6 committee investigation after the 2020 election.

main background

James sued Trump, his businesses and associates in September after an investigation into the Trump Organization's finances from March 2019, Trump's former lawyer Michael Cohen, testified to Congress that Trump had placed his wealth on financial statements for personal gain. had defrauded or suppressed the value of Rs. The lawsuit alleges the Trump Organization made more than 200 false or misleading appraisals of its assets over a 10-year period from 2011 and 2021, which the AG alleges were done in order to secure financial benefits such as more favorable terms with lenders or Trump was created to promote himself. total value. Angoron's reluctance to dismiss the case on Tuesday comes after the judge previously sided with James' office in November and granted their request to appoint an independent monitor to prevent more alleged fraud. Trump will oversee the organization's activities. The matter has been settled at trial.

Donald Trump will testify in New York court to defend his business empire (Insider)

NY AG James sues Trump for fraud (Forbes)

Judge appoints independent monitor to oversee Trump Organization amid fraud probe (Forbes)

Checks and Balances: Forbes' Look at the Trump Fraud Trial (Forbes)

Exclusive Recordings, Documents Bolster Trump Fraud Lawsuit (Forbes)

How Forbes Exposed Trump's Lie About The Size Of His Penthouse (Forbes)