This is the Trump on Trial podcast and this is your update on the New York Fraud Trial Trump is facing in New York, brought by New York Attorney General Letitia James
On October 10, 2023, the fourth day of the trial, Trump did not appear in court. His lawyers filed a motion to dismiss the case, but the judge denied it.
The trial resumed with testimony from a former Trump Organization executive, who testified about the value of Trump's Manhattan triplex. The judge had previously ruled that Trump had grossly inflated the value of the property.
The executive testified that the triplex was worth $16 million, but that Trump had valued it at $325 million in financial statements. The executive said that Trump had instructed him to use the higher value to obtain loans and insurance coverage.
The trial is expected to last for several weeks. If Trump is found guilty, he could be forced to pay hundreds of millions of dollars in damages and could also face other penalties, such as a ban on doing business in New York.
The trial is progressing as scheduled and the judge has denied Trump's motion to dismiss the case.
The testimony from the former Trump Organization executive provides strong evidence that Trump inflated the value of his assets in order to obtain financial benefits.
If Trump is found guilty, he could face significant consequences.
Trump has denied all allegations of wrongdoing and falsley has accused James of conducting a political witch hunt against him.
The trial is being closely watched by legal experts and political observers, as it could have far-reaching implications for Trump and his business empire.
The trial is also a test of James's ability to hold Trump accountable for his actions.
The New York fraud trial is a major legal challenge for Trump and his business empire. The outcome of the trial could have significant financial and political consequences for him.
This content was created in partnership and with the help of Artificial Intelligence AI
