Donald Trump to testify in New York fraud case that threatens his business
World
Donald Trump to testify in New York fraud case that threatens his business
NEW YORK (Reuters) - Donald Trump returns to a New York courtroom on Monday, where he will take the witness stand in a civil fraud trial that threatens to diminish the real-estate empire that built his reputation before he entered politics.
The former U.S. president, like his two adult sons who testified last week, will likely face pointed questions about the questionable accounting practices that a judge has already ruled to be fraudulent.
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New York state lawyers argue that those methods enabled him to win favorable financing terms by pumping up the value of his golf courses, apartment towers and other assets at a time when many lenders refused to do business with him. They say such activity earned him $100 million and exaggerated his wealth by $2 billion. Trump has denied wrongdoing.
Unlike the four criminal cases the frontrunner for the 2024 Republican nomination faces, this civil trial does not threaten to put him in prison as he mounts a comeback White House bid.
Indeed, Trump has been leaning into the experience, using it to solicit campaign donations and argue that he is being targeted for his political views.
But it could undercut Trump's image, cultivated over decades, as a glamorous billionaire who shuttles between elegant resorts and premium golf courses that bear his name.
New York Attorney General Letitia James is seeking $250 million in fines, as well as restrictions that would prevent Trump and his sons Eric and Donald Jr from doing business in their home state.
