The civil trial for fraud of Donald Trump and his sons will last three months, from October to Christmas, the former president of the United States being accused by the justice system of the State of New York of having “inflated” his assets billions of dollars between 2011 and 2021.
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.
“Deliberately” manipulated
Ahead of this civil trial, the Attorney General of the State of New York (equivalent to regional Minister of Justice) Letitia James again transmitted on Friday to the local supreme court 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 Mr. 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.
According to court documents released on August 30 by Ms. James, Mr. 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 from 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 “prudent” estimate unveiled on Friday by the Attorney General’s office, the overvaluation of Mr. Trump’s assets amounts to “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 00:24:48
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