Real Estate

Fraud or real estate? Five takeaways from week one of the Trump Organization trial | Donald Trump

The trial of Donald Trump and his real estate business kicked off this week in Manhattan as the former president faces a potential fine of at least $250m for financial fraud.

In his pre-trial ruling, the New York judge Arthur Engoron found Trump guilty of fraud for creating false and misleading financial statements. Trump boosted the value of his assets by as much as $2.2bn, according to an investigation by the New York attorney general, Letitia James, who brought the case against Trump.

Engoron had already dealt a heavy blow to Trump, cancelling the business licenses that allow him to run his business in the state.

The first week of the trial had a full cast of characters, including appearances by Trump himself, who railed against proceedings outside of the courtroom but remained largely muted as they took place inside.

Because this is a civil case, Trump will not be

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