A New York judge is anticipated to deliver a ruling in the $370 million civil fraud case against former President Donald Trump, as announced by the New York attorney general’s office, with a new timeframe set for early to mid-February. This comes after Judge Arthur Engoron initially aimed for a decision by the end of January but noted the flexibility of this deadline. The lawsuit, filed by New York Attorney General Letitia James (D) in 2022, accuses Trump of inflating his net worth on financial statements to benefit from tax reductions and insurance deals. These allegations hinge on the transactions with banks and insurers involving the valuation of Trump Organization assets, which the state argues demonstrate fraudulent activity. Trump defends the integrity of these documents, insisting on the due diligence conducted by the banks involved.
The case, culminating after two months of testimony from 40 witnesses, including key figures such as Michael Cohen and Trump’s adult children, has spotlighted the contentious dynamic between Trump and Judge Engoron. Prior to the trial, Engoron had already found Trump and his top executives liable for fraud. Attorney General James’s request extends beyond the financial penalty, seeking a lifetime ban for Trump from New York’s real estate sector. With the judgment pending, the legal and financial stakes remain high for Trump.
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