"Trump's New York Fraud Trial Concludes with Closing Arguments"

1 min read
Source: The Guardian US
"Trump's New York Fraud Trial Concludes with Closing Arguments"
Photo: The Guardian US
TL;DR Summary

Donald Trump's New York fraud trial is coming to a close, with his lawyers making closing arguments to avoid a potential $370m fraud fine and business ban in New York state. The judge blocked Trump from delivering his own closing statement, and a verdict is expected by the end of the month. The trial, which has been on a break since December, centers on allegations that Trump inflated the value of his assets on financial statements for profit. The New York attorney general's office argues that Trump knowingly inflated his assets to secure deals with lenders, while Trump's lawyers claim that errors in accounting are common and do not constitute fraud. The future of the case hinges on a New York appeals court ruling, with potential appeals likely if the ruling goes against Trump.

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