With control over some of his most prized real estate holdings in jeopardy, former President Donald Trump said he'll make a rare, voluntary trip to court in New York on Monday for the start of a civil trial in a lawsuit that already has resulted in a judge ruling that he committed fraud in his business dealings.
Last week, Engoron resolved the lawsuit's top claim before the trial even began, ruling that Trump routinely deceived banks, insurers and others by exaggerating the value of assets on paperwork used in making deals and securing loans. Trump isn't expected to testify for several weeks. His trip to court Monday will mark a remarkable departure from his past practice.
Engoron will decide on six remaining claims in James' lawsuit, including allegations of conspiracy, falsifying business records and insurance fraud. Trump valued Mar-a-Lago as high as $739 million — more than 10 times a more reasonable estimate of its worth, James claimed. Trump's figure for the Palm Beach, Florida, private club was based on the idea that the property could be developed for residential use. While Trump lives there, deed terms prohibit further residential development on the property, James said.
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