Current:Home > InvestOfficials cement plans for Monday's $250 million civil fraud trial against Trump -Clarity Finance Guides
Officials cement plans for Monday's $250 million civil fraud trial against Trump
View
Date:2025-04-11 21:46:33
Court officials are cementing plans to proceed with Monday's $250 million civil fraud trial against former President Donald Trump after attorneys for Trump and the New York attorney general's office hashed out some pretrial issues at a hearing Wednesday -- although lingering questions remain regarding the impact of Judge Arthur Engoron's sweeping ruling on Tuesday.
In a scathing order Tuesday, Engoron ordered the cancelation of the Trump Organization's business certificates in New York after finding that Trump and his co-defendants engaged in "persistent fraud" by inflating the value of his assets.
But the judge wrote that a trial was still required to decide six remaining causes of action alleged by Attorney General Letitia James, as well as the scope of the penalty, which could include barring Trump from making real estate acquisitions and applying for loans in New York.
MORE: Judge rules Trump engaged in repeated fraud, effectively deciding central question in $250M civil trial
"The contour of the case has changed significantly since yesterday," Engoron said at Wednesday's hearing, a day after handing down a partial summary judgment that severely restricts Trump's ability to conduct business in New York going forward.
With Tuesday's ruling effectively deciding the central issue of the attorney general's case, Trump attorney Chris Kise requested that the court clarify how the ruling would not only impact the trial, but also Trump's individual business entities.
"Don't take this the wrong way, but what in the court's mind does this trial now look like?" Kise asked the court.
In response, Engoron asked if the attorney general would consider dismissing the remaining causes of action to streamline the trial. A lawyer for attorney general responded that the government would still like to proceed with those arguments, citing their relevance to their requested relief.
"Two through seven are still in, so I don't know how to respond," Engoron said in response to Kise's request.
Kise also asked Engoron to confirm which of Trump's hundreds of business entities would be covered by Tuesday's ruling, which cancelled the business certificates for entities owned or controlled by the defendants.
"With all of these entities and all the employees of these entities, we just want to be sure we have some clear picture," Kise said.
Engoron did not issue a bench ruling or immediately respond to the question, instead punting the matter to a future private meeting between counsel.
Trump attorney Alina Habba described Engoron's ruling Tuesday as "nonsensical" and "outrageously overreaching," telling ABC News after Wednesday's hearing that the ruling leaves the defense uncertain about what the trial might entail.
"Nobody knows the scope of the case ... we weren't sure when we came in today whether it was summarily decided on all counts or not," Habba said.
MORE: 'You were warned': Judge reprimands Trump's lawyers in New York AG's $250M fraud case
Habba said that Trump's defense will have to "wait and see" how the ruling will impact the Monday trial date.
The attorney said Tuesday that Trump plans to immediately appeal what she called the judge's "fundamentally flawed" decision.
Also during Wednesday's hearing, Trump's attorneys and the government appeared to agree that a previously appointed independent monitor, Barbara Jones, should be named the independent receiver to manage the dissolution of the cancelled LLCs. Engoron said he would likely issue a ruling appointing Jones as the receiver.
Regarding a defense motion to limit the testimony of expert witnesses at trial, the defense said they plan to withdraw the motion without prejudice, leaving the parties to address issues with expert witnesses on a case-by-case basis.
Following the hearing, attorneys for defense and the attorney general met to decide the courtroom layout for opening statements on Monday.
MORE: Trump inflated his net worth by $3.6 billion, NY attorney general says
Engoron wrote in Tuesday's order that Trump, his adult sons, Eric and Don Jr., and the other defendants fraudulently inflated the value of properties including Trump's Mar-a-Lago estate in Florida and his own triplex apartment in New York City, as well as 40 Wall Street, Trump Park Avenue, multiple golf courses, and an estate in upstate New York.
Responding to the order, Eric Trump, who runs the Trump Organization's day-to-day operations, said on X, previously known as Twitter, "We have run an exceptional company -- never missing a loan payment, making banks hundreds of millions of dollars, developing some of the most iconic assets in the world. Yet today, the persecution of our family continues..."
During a pretrial conference last week, Engoron expressed frustration at defense counsel for rehashing flawed arguments he had already ruled against, leading the judge yesterday to sanction five defense lawyers $7,500 each for reiterating "frivolous arguments."
Trump has been attempting to delay the start of the trial, and an appeals court is expected to rule on those motions as early as Thursday.
veryGood! (244)
Related
- Meta donates $1 million to Trump’s inauguration fund
- More evidence that the US job market remains hot after US job openings rise unexpectedly in August
- How Ohio's overhaul of K-12 schooling became a flashpoint
- Congolese military court convicts colonel and 3 soldiers in connection with killings of protesters
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Jennifer Lopez Ditches Her Signature Nude Lip for an Unexpected Color
- Paris battles bedbugs ahead of 2024 Summer Olympics
- South Carolina speaker creates committee to scrutinize how state chooses its judges
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Congolese military court convicts colonel and 3 soldiers in connection with killings of protesters
Ranking
- $73.5M beach replenishment project starts in January at Jersey Shore
- Charlotte Sena Case: Man Charged With Kidnapping 9-Year-Old Girl
- Consumer watchdog agency's fate at Supreme Court could nix other agencies too
- Juvenile shoots, injures 2 children following altercation at Pop Warner football practice in Florida
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- A government shutdown in Nigeria has been averted after unions suspended a labor strike
- Brazil’s government starts expelling non-Indigenous people from two native territories in the Amazon
- Iranian police deny claim that officers assaulted teen girl over hijab
Recommendation
Sam Taylor
Texas AG Ken Paxton and Yelp sue each other over crisis pregnancy centers
Fantasy football stock watch: Texans, Cardinals offenses have been surprisingly effective
In 'Ahsoka', Rosario Dawson goes ride-or-Jedi
Global Warming Set the Stage for Los Angeles Fires
Stevie Nicks setlist: Here are all the songs on her can't-miss US tour
Capitol Police investigating Jamaal Bowman's pulling of fire alarm ahead of shutdown vote
5 died of exposure to chemical in central Illinois crash, preliminary autopsies find