Former US President and 2024 presidential hopeful Donald Trump speaks during a campaign rally at Windham High School in Windham, New Hampshire, on 8 August 2023.The trial in a downtown Manhattan courtroom case concerns accusations by state Attorney General Letitia James.
The trial in a downtown Manhattan courtroom case concerns accusations by state Attorney General Letitia James that Trump inflated his assets and his own net worth from 2011 to 2021 to obtain favorable bank loans and lower insurance premiums. "This isn't business as usual, and this isn't how sophisticated parties deal with each other," Wallace said in his opening statement."These are not victimless crimes."
"We have a great company. I built a great company. It's tremendous," Trump said."It's got some of the greatest real estate assets in the world. And now I have to go in before a rogue judge.""The law is both powerful and fragile," she said before entering the courtroom.Trump's trial is overseen by Justice Arthur Engoron, who will hear evidence without a jury. Testimony is expected to begin on Monday afternoon.
In his 26 September decision, Engoron described in scathing terms how the defendants made up valuations. Kise countered that just because people disagree about valuations does not mean one valuation must be fraudulent."They are not designed to be absolutes," he said.
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