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What to know about Trump’s fraud trial

MM News Staff by MM News Staff
November 7, 2023
Reading Time: 2 mins read
FILE - Former President Donald Trump, center, flanked by his defense attorneys, Alina Habba, left, and Chris Kiss, waits for the continuation of his civil business fraud trial at New York Supreme Court, Oct. 25, 2023, in New York. (AP Photo/Seth Wenig, Pool)

FILE - Former President Donald Trump, center, flanked by his defense attorneys, Alina Habba, left, and Chris Kiss, waits for the continuation of his civil business fraud trial at New York Supreme Court, Oct. 25, 2023, in New York. (AP Photo/Seth Wenig, Pool)

NEW YORK: A defiant Donald Trump sparred with a New York judge and slammed the state attorney general suing him Monday, using the witness stand at his civil fraud trial to defend his riches and lash out at a case that imperils his real estate empire.

The former president’s barbed testimony spurred the judge to admonish, “This is not a political rally.”

Trump’s long-awaited testimony about property valuations and financial statements was punctuated by personal jabs at state Judge Arthur Engoron, who he said was biased against him, and New York Attorney General Letitia James, whom he derided as a “political hack.” He proudly boasted of his real estate business — “I’m worth billions of dollars more than the financial statements” — and disputed claims that he had deceived banks and insurers.

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“This is the opposite of fraud,” he declared. Referring to James, a Democrat whose office brought the lawsuit, he said, “The fraud is her.”

The testy exchanges and frequent rebukes from the judge underscored Trump’s unwillingness to adapt his famously freewheeling rhetorical style to a formal courtroom setting governed by rules of evidence and legal protocol. His presence on the stand was a vivid reminder of the legal troubles he faces as he vies to reclaim the White House in 2024.

It also functioned as a campaign platform for the former president and leading Republican presidential candidate to raise anew to supporters his claims of political persecution at the hands of government lawyers and judges.

The lawsuit

The $250 million lawsuit brought by the New York attorney general’s office alleges that Trump and his co-defendants committed repeated fraud in inflating assets on financial statements to get better terms on commercial real estate loans and insurance policies. The judge already ruled the former president is liable for fraud and he’s considering how much the Trumps will have to pay in damages.

Former President Trump speaks to the media as he arrives at New York State Supreme Court to start the civil fraud trial against him on Oct. 2 in New York City. Photo: Spencer Platt/Getty Images

Why it matters

The case is civil, not criminal, but threatens Trump’s business in New York. James is seeking to bar Trump from doing business in the state and to dissolve his companies. Trump’s testimony Monday serves as a precursor to the four criminal trials he faces next year as he campaigns to regain the presidency.

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This photo provided by the U.S. Fish & Wildlife Service shows a Wilson's warbler bird in Alaska. The American Ornithological Society announced Wednesday, Nov. 1, 2023, that birds in North America will no longer be named after people. In 2024, it will begin to rename around 80 species found in the U.S. and Canada. Birds that will be renamed include those currently called Wilson’s warbler and Wilson’s snipe, both named after the 19th century naturalist Alexander Wilson. (USFWS via AP)

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