Former US President Donald Trump has announced that he will appear in person on Monday, October 2, to begin civil proceedings in an ongoing case Facing the possibility of losing control of his New York real estate business. A judge ruled that he was guilty of fraud in his business activities.
Trump on Sunday night wrote on his Truth Social platform, “I’m going to Court tomorrow morning to fight for my name and reputation.”
Former President Trump criticized New York Attorney General Letitia James, who is prosecuting him, and Judge Arthur Engoron, who presided over a nonjury trial and handed down a fraudulent verdict last week.
Trump further added that,“THIS WHOLE CASE IS SHAM!!!”.See you in Court – Monday morning.”
Mr.James,who is a Democrat accused Trump, a Republican, and his companies of regularly lying about Trump’s assets in financial reports.
As at last week, Engoron settled the lawsuit’s main claims before the trial began, stating that Trump routinely harassed banks, insurance companies and others by exaggerating the asset value of securities used to make deals and secure loans. The court ruled that the defendant had deceived him.
Trump two eldest sons,former lawyer Micheal Cohen and Trump Organization executives are all among the dozens of potential witnesses.
When his company and one of its executives were convicted of tax evasion last year,Trump did not show up in court as a witness or observer. He also did not appear at the trial at the beginning this year in which a jury convicted him of sexually assaulting author E. Jean Carroll in a department store fitting room.
A Democrat,James, is asking for a $250 million fine and a ban on business in New York.
If Engoron’s ruling last week is upheld on appeal, control of parts of his company would be transferred to a court-appointed receiver, including Trump Tower, Wall Street office buildings,a golf course, and other New York buildings. This means that they will have to give up their valuable real estate. and suburban properties.
Trump called it a “a corporate death penalty.”
“I have a Deranged, Trump Hating Judge, who RAILROADED this FAKE CASE through a NYS Court at a speed never before seen,” Trump wrote on his Truth Social platform.
He also said that Engoron is “unfair, unhinged, and vicious in his PURSUIT of me.”
Engoron is scheduled to rule on the remaining six claims in James’ case, including allegations of conspiracy, falsification of business records, and insurance fraud.
James’ lawsuit accused Trump and his company of containing numerous falsehoods in the financial reports Trump filed with banks. In a recent court filing, James’ office claimed that Trump overstated his personal wealth by up to $3.6 billion.
The accusations include that Trump’s Trump Tower apartment in Manhattan,a three-story penthouse filled with gold-plated furniture, is nearly three times its real size and worth $327 million. It also included claims. No other apartment in New York City has sold for anything close to this amount, James said.
Trump valued Mar-a-Lago at $739 million, which James argued was a reasonable estimate of more than 10 times its value. The numbers regarding Trump’s private club and mansion are based on the idea that the property, which is now a private club, could be developed for residential use, but contract terms prohibit that, James said.
Former President Trump has denied any wrongdoing and argued in sworn testimony that it doesn’t matter what the financial reports say because they contain a disclaimer saying they shouldn’t be relied upon did.
He and his lawyers also argued that no one was harmed by the contents of the financial report. The bank he had borrowed money from was fully repaid. Business partners all benefited.
In the run-up to next year’s election, Trump is accused of fraud related to his New York business, plots to overturn his 2020 election defeat, retention of classified documents, and falsification of business records related to hush money payments made on his behalf. fighting against one sin.
