Prøve GULL - Gratis
Trial run What to know as Trump fraud case begins
The Guardian Weekly
|October 06, 2023
The future of Donald Trump's New York real estate business will be decided in a Manhattan court case that began on Monday. The New York attorney general, Letitia James, is taking Trump to court after a three-year investigation found that he and others within the Trump Organization repeatedly used false or misleading financial statements to broker deals, obtain favourable loans and bolster the appearance of his net worth.
The judge presiding over the trial, the New York supreme court justice Arthur Engoron, already found Trump guilty of financial fraud in a pre-trial judgment. The trial will be dedicated to determining whether, and how much, Trump will have to pay for the verdict.
James has argued that the Trump Organization should owe at least $250m for profiting off loans that were awarded based on false and misleading financial statements. Trump's lawyers have appealed the judgment, though it is unlikely to affect the trial's proceedings.
Here's what we know about Trump's upcoming fraud trial.
What is Trump on trial for?
James is suing Trump for creating false and misleading financial statements that inflated the value of various assets. Prosecutors found fraudulent reporting for 23 Trump Organization properties and assets from 2011 to 2021.
For example, Trump said his Wall Street office building was valued at $530m. Independent professional appraisers calculated a valuation that was less than half that. Twelve rent-stabilised units in Trump's Park Avenue condo were in 2010 estimated to be valued at around $750,000. In 2020, the Trump Organization said they were worth $50m.
Denne historien er fra October 06, 2023-utgaven av The Guardian Weekly.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The Guardian Weekly
The Guardian Weekly
Feeling in a pickle? How leftover brine can give your cooking a kick
I’m an avid consumer of pickles. When I’ve finished a jar, how can I use the brine in my cooking?
2 mins
July 04, 2025
The Guardian Weekly
Cool retreats Hill stations swamped by tourists fleeing heat
Until recently, the drive up the mountainous road to Landour was a highlight of a visit to the hilltop town, as drivers enjoyed glorious Himalayan views and breathed in the cool forest air. Today, the journey is something to be endured with up to 1,000 cars a day clogging the narrow, winding road - slowing to navigate hairpin bends. A journey that once took five to six hours from Delhi can now take up to 10 hours, especially at weekends in May and June.
3 mins
July 04, 2025
The Guardian Weekly
How the rise of Zohran Mamdani has divided Democrats
The Friday night before election day, Zohran Mamdani, the 33-year-old democratic socialist running for mayor of New York City, walked the length of Manhattan, from Inwood Hill Park at its northern tip to the Battery - about 20km. Along the way, he was greeted by a stream of New Yorkers enjoying the sticky summer night - men rose from their folding chairs to shake his hand, drivers honked in support and diners leapt up to snap a selfie with the would-be leader of their city.
5 mins
July 04, 2025
The Guardian Weekly
‘It’s a fight for life’ Tipping points, doomerism and catastrophic risks
Climate expert Genevieve Guenther on the importance of correcting the false narrative that climate threat is under control... and why it is appropriate to be scared
5 mins
July 04, 2025
The Guardian Weekly
Call to revive the spirit of Greenham Common
In August 1981, 36 people, mainly women, walked from Wales to RAF Greenham Common in Berkshire to protest against the storing of US cruise missiles in the UK.
2 mins
July 04, 2025
The Guardian Weekly
Who are the jihadists waging a ghost war in the Sahel?
The scene is wearily familiar. It is dusk at a ramshackle military outpost, surrounded by miles of scrubby desert or on the outskirts of a major town.
3 mins
July 04, 2025
The Guardian Weekly
Will Ghibli's magic fade as the studio turns 40?
The beloved Japanese animation house faces an uncertain future, with its figurehead, 84-year-old Hayao Miyazaki, claiming he has made his final film
3 mins
July 04, 2025
The Guardian Weekly
The ripple effect
After America's blunt intervention, Donald Trump says the war between Iran and Israel is over. But the perceived readiness of the US to employ force instead of negotiations could have knock-on consequences around the world
4 mins
July 04, 2025
The Guardian Weekly
Broken justice...
Critics argue that far from shielding the world from the worst crimes, international law has protected states by helping them justify their wrongs. Is the system dying or merely in hibernation?
16 mins
July 04, 2025
The Guardian Weekly
While the death toll mounts, Israel's allies must help build a future for Palestinians
“We cannot be asking civilians to go into a combat zone so that then they can be killed with the justification that they are in a combat zone.” It defies belief that the Unicef spokesperson, James Elder, should have needed to spell that out last week.
2 mins
July 04, 2025
Translate
Change font size