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A look back at the first day of Donald Trump’s fraud trial

All Buzznews

2023-10-03 12:00:11

The civil fraud trial opened in New York on Monday, October 2, where Trump is accused of overstating his businesses and properties.

All smoke and mirrors?

Donald Trump is accused of falsely inflating the value of his business empire and his net worth by several billion dollars...

The best of everything

...in order to obtain better commercial contracts, better financial loans and better interest rates, among other things.

Damning details

The details of these charges are damning, as he is accused of persistent and repeated fraud, falsification of business records, conspiracy to falsify business records...

Fraud?

...publication of false financial statements, conspiracy to falsify financial statements, insurance fraud and conspiracy to commit insurance fraud.

Cameras

Cameras were briefly allowed into the room before the court proceedings began, as Trump sat with his lawyers.

"Not the real world."

The judge has already ruled in the majority of this case that Trump overvalued his businesses and properties for fraudulent financial gain, and said, "It's a fantasy world... not the real world."

Harsh words

Certainly harsh words about the management of Trump's businesses by Donald Trump and his sons.

Good for his campaign?

Trump, who was not required to be present at the opening of this civil trial, is banking on the publicity it will bring him for his presidential campaign.

Letitia James

New York Attorney General Letitia James' pre-trial message is clear: "My message is simple. No matter how powerful you are, no matter how much money you think you have, no one is above the law."

250M$

The attorney general in the case is seeking $250 million in damages, banishment from serving as officers of a New York company and a five-year ban on business transactions, which would put an end to the Trump Organization.

Trump Organization

The Trump Organization has developed and managed a wide range of real estate properties, including luxury condominiums, office buildings, hotels and resorts.

Mar-a-Lago

Some of the most famous properties include Trump Tower in New York and the Mar-a-Lago estate in Florida.

Operations

The organization has operated hotels and resorts under the Trump brand in various locations around the world. These properties are often associated with luxury and upscale accommodations

President or CEO?

Donald Trump was the face of the organization for many years, but stepped away from day-to-day operations while President of the United States.

The next generation

His children, in particular Donald Trump Jr., Eric Trump and Ivanka Trump, have played an important role in running the company.

The sons

Donald Trump Jr. and Eric Trump are also targeted in this fraud trial, while Ivanka Trump was cleared of all charges earlier this year.

Until December 22

The former President of the United States is expected to testify in his defense next week, when the trial is expected to last until December 22. Stay tuned!

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