Home » today » Business » Former US President Donald Trump Faces Trial for Financial Fraud

Former US President Donald Trump Faces Trial for Financial Fraud

  1. Home page
  2. Politics

The former US president has to stand trial for financial fraud. Trump denies all allegations.

New York – Donald Trump is not aware of any guilt. “THE WHOLE CASE IS A FRAUD!!!”, announced he shouts loudly on his online platform Truth Social – in capital letters, of course. At the same time, shortly before the start of civil proceedings for financial fraud, he also announced that he would appear in person in New York: “I’m going to court tomorrow morning to fight for my name and for my reputation,” Trump wrote on Sunday evening (October 1st ).

The former US president and his legal team had previously indicated that the 77-year-old could at least take part in the first hearings. Trump, who despite all the charges and trials is currently the clear favorite for the Republican presidential nomination, has been invited as a witness, but has not yet announced whether he will be present at the start of the trial on October 2nd.

At stake for Donald Trump is, among other things, control over several properties in New York state. © Charlie Neibergall/AP

What punishment Donald Trump faces in New York

In a preliminary ruling, New York judge Arthur Engoron has already accused Trump, his sons and senior employees of having inflated and manipulated the goodwill of his real estate empire for years. They are said to have tried to get more favorable conditions for loans and insurance contracts, which violates New York law. In doing so, Engoron anticipated an important decision as to how this is possible in such proceedings.

Now the main thing is what punishments Trump and the other accused can expect. There is one thing to keep in mind: This is a civil case and Trump is not threatened with prison. Rather, a central question will be how high the fine against Trump will be. Attorney General Letitia James is demanding a fine of $250 million (237 million euros) against Trump and his family holding company. She also wants to ensure that Trump and his two eldest sons, Donald Trump Jr. and Eric Trump, are no longer allowed to do business in New York state. James sued Trump and his family in September 2022.

Civil trial against Trump could drag on for months

It is still unclear whether Trump could even be forced to sell some landmarks, including Trump Tower in Manhattan. According to the station CNN The trial was scheduled to begin at 10 a.m. New York time (4 p.m. CEST). It could drag on for months. (cs/dpa/afp)

2023-10-02 11:31:59
#Donald #Trump #appears #combative #start #civil #proceedings #York

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.