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Newyorkfraudcase

All articles tagged with #newyorkfraudcase

politicslegal2 years ago

"Trump Confronts Legal Turmoil and Financial Peril in New York Fraud Saga"

Former President Donald Trump has unleashed a series of attacks on Judge Arthur Engoron on social media, criticizing the judge's decisions in the ongoing New York civil fraud case against him. Trump, who is also contending with four criminal cases, has labeled the lawsuit a political witch hunt orchestrated by New York Attorney General Letitia James. The case, which alleges Trump inflated his net worth for financial gain, is nearing its conclusion, with closing arguments scheduled for Thursday. Trump denies any wrongdoing and has taken to Truth Social to express his outrage, particularly after the penalty sought by James was increased to over $370 million. The judge's rulings and the case's implications continue to be a point of contention for Trump as he remains a frontrunner for the 2024 Republican presidential nomination.

legal2 years ago

"Trump Counters NY's $370M Civil Fraud Penalty Demand with Call for Compensation"

New York state lawyers are seeking over $370 million in penalties from Donald Trump in a civil business fraud trial, a significant increase from the pretrial figure. Trump, who is facing multiple legal challenges, has dismissed the case as a political attack and denies any wrongdoing. The state alleges Trump inflated his net worth to banks and insurers, while Trump's defense argues there was no victim or damages and that financial statements were understood as starting points for analysis. The verdict, which will be decided by a judge without a jury, is expected by the end of the month.