Trump and Sons Face $250 Million Civil Lawsuit in New York Fraud Trial
Former President Donald Trump, along with his sons Eric Trump and Donald Trump Jr., and key executives of the Trump Organization, are currently under trial in New York in a significant $250 million civil lawsuit.
The trial has the potential to impact Trump’s personal fortune and the vast real estate empire that played a pivotal role in his journey to the White House.
New York Attorney General Letitia James has leveled accusations against the Trump family, alleging a decade-long scheme involving “numerous acts of fraud and misrepresentation.”
According to James, these actions were orchestrated to inflate Trump’s net worth, enabling the defendants to secure more favorable loan terms.
The trial follows a partial summary judgment by the judge, who determined that Trump had submitted “fraudulent valuations” for his assets. The ongoing trial aims to establish further actions and determine potential penalties for the defendants.
Despite the allegations, the former president maintains his innocence, vehemently denying any wrongdoing. Trump’s legal team argues that the purportedly inflated valuations were a reflection of his business acumen rather than fraudulent intent.