Former President Donald Trump appeared in court in Manhattan on Monday morning for the commencement of his trial regarding charges of fraud.
New York Attorney General Letitia James launched an investigation into Trump and alleged that he had exaggerated the value of his assets.
In late September, Judge Arthur Engoron determined that Trump and his organization had perpetrated deception in constructing his real estate empire.
Judge Engoron concluded that Trump had intentionally misrepresented his wealth and overestimated his assets to financial institutions, insurers, and other parties.
Evidence provided by the court indicated that Trump’s children had aided him in exaggerating his net worth by billions of dollars. The Court of Appeals in New York State denied Trump’s attempt to have the civil trial postponed.
Judge Engoron ordered the revocation of several business licenses owned by the Trump Organization, making it difficult for them to operate in New York.
He has also declared that an independent monitor will oversee the organization. A video of Judge Engoron went viral recently, which featured him smiling when the camera did a close-up.
The judge in Trump's case smiles for his closeup. What an absolute clown show. pic.twitter.com/9wwE31Ci5q
— Citizen Free Press (@CitizenFreePres) October 2, 2023
Last month, Judge Engoron ruled that the former President and his businesses, under the Trump Organization umbrella, had engaged in deception regarding the valuation of their various businesses despite filing two-page disclaimers with financial statements indicating that such estimates were made in good faith.
In October, a trial is set to begin for an action brought by New York Attorney General Letitia James seeking $250 million in damages. Supporters of Trump view this case as primarily a political ploy to harm his campaign and bar him permanently from conducting business in New York State.
“Engoron’s ruling is likely to cause a shockwave across New York in general, with many firms now likely to review how they handle their financial estimates and information if the government, alongside the far left judiciary, is left in charge of interpreting their finances,” the National Pulse reported.
“Trump’s lawyers argue there was no evidence of public harm caused by Trump’s actions, and that some of the allegations were even barred by the statute of limitations. The leftist judge refused to throw out the case” however, the report continued.
“I have been unfairly sued by the Trump-Hating Democrat Attorney General of New York State, Letitia James, over the false fact that I inflated my Financial Statements in order to borrow money from Banks, etc.,” Trump raged in response to his Truth Social platform.
“The Judge in the case, Arthur F. Engoron, refused to allow this case to go to the ‘Commercial Division,’ where it belongs because he is a Trump Hater beyond even A.G. James, who campaigned against me spewing horrible inflammatory statements which are False & Defamatory. I am not even allowed a Jury!” he added.
Attorney General James issued a statement on Monday morning prior to the trial. Proofread carefully to ensure all spelling, grammar, and punctuation errors are corrected.
“For years, Donald Trump falsely inflated his net worth to enrich himself and cheat the system. We won the foundation of our case last week and proved that his purported net worth has long been rooted in incredible fraud. In this country, there are consequences for this type of persistent fraud, and we look forward to demonstrating the full extent of his fraud and illegality during the trial,” James wrote in a statement.
“No matter how rich or powerful you are, there are not two sets of laws for people in this country. The rule of law must apply equally to everyone, and it is my responsibility to make sure that it does,” she added.