The civil trial for fraud against Donald Trump and his sons will last three months, from October to Christmas, with the former President of the United States being accused by the courts of the State of New York for having “inflated” his assets of several billion dollars between 2011 and 2021. As this is a civil case, the Republican candidate will not be required to attend the hearings. It is unknown at this stage whether he will be called as a witness.
A New York court judge had already determined that this non-jury trial would begin October 2 in Manhattan. In an order made public on Friday, he specified that the debates would continue until December 22, shortly before the first primaries of the Republican Party, on January 15 in Iowa (center). Donald Trump, who dreams of returning to the White House, is the favorite. Preliminary hearings are scheduled to be held at the end of September.
$250 million in damages claimed
Ahead of this civil trial, the Attorney General of the State of New York (equivalent to regional Minister of Justice) Letitia James once again transmitted to the local supreme court on Friday hundreds of pages of accusatory documents against Donald Trump and his two eldest sons, Donald Jr and Eric.
This is to support the complaint that the magistrate filed in September 2022 to claim $250 million in damages from Donald Trump, his sons and their Trump Organization family group for tax and financial fraud.
This prosecutor, elected from the Democratic Party, accuses the Republican billionaire and his children of having “deliberately” manipulated – upwards and downwards – the valuations of the group’s assets – golf clubs, luxury hotels and other properties — to obtain more favorable loans from banks or to reduce their taxes.
An overvaluation “between $1.9 billion and $3.6 billion per year”
According to court documents revealed on August 30 by Letitia James, Donald Trump is suspected of having “falsely inflated the value of his assets by billions of dollars” every year between 2011 and 2021 – including when he was president of 2017 to 2021. These variations were then estimated at “between 17% and 39%, or between $812 million and $2.2 billion” each year.
In a new “cautious” estimate unveiled Friday by the Attorney General’s office, the overvaluation of Trump’s assets is instead “between $1.9 billion and $3.6 billion per year.” The person concerned has repeatedly denounced a “ridiculous” case conducted by a “racist” African-American magistrate.
2023-09-09 00:40:50
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