The high-profile civil fraud trial against former U.S. President Donald Trump, brought forth by New York Attorney General Letitia James, has reached its dramatic conclusion. The lawsuit, which began with opening statements on October 2, 2023, accused Trump of consistently overstating the value of his assets, including towers and golf clubs, to enhance his image as a business mogul.
In a significant development, the judge had previously found Trump liable for fraud in September 2023, turning the trial’s focus to determining the financial penalties. Trump has since appealed this order and is expected to appeal any unfavorable verdict.
During the trial, Trump admitted to providing inaccurate property valuations, but his defense argued that this manipulation was harmless, claiming banks and insurers would have eagerly done business with him regardless of his actual net worth. The defense described the lawsuit as a “manufactured claim to pursue a political agenda,” emphasizing the lack of proof for significant involvement of Trump’s adult children, Donald Jr. and Eric, who are also defendants in the case.
Security concerns have been a constant throughout the months-long trial. Judge Engoron, after facing threats due to Trump’s criticism, issued a gag order barring Trump from disparaging court staff. The judge also fined Trump $15,000 for twice violating this order.
As the trial wrapped up, supporters and onlookers gathered outside the courthouse. AG James was greeted with cheers and thanks, while Trump, holding a news conference at one of his buildings, accused President Biden, without evidence, of orchestrating the lawsuits and criminal cases against him.
This trial is one of the four criminal prosecutions Trump is facing, including charges related to his attempts to overturn the 2020 election results. The outcomes of these trials could significantly impact Trump’s future in business and politics.
