11/06/2023

Donald Trump to Testify in Fraud Case that Threatens his Business

He will likely face pointed questions about his business' accounting policies

Donald Trump returns to a New York courtroom on Monday, where he will take the witness stand in a civil fraud trial that threatens to diminish the real-estate empire that built his reputation before he entered politics.

The former U.S. president, like his two adult sons who testified last week, will likely face pointed questions about the questionable accounting practices that a judge has already ruled to be fraudulent.

New York state lawyers argue that those methods enabled him to win favorable financing terms by pumping up the value of his golf courses, apartment towers and other assets at a time when many lenders refused to do business with him. They say such activity earned him $100 million and exaggerated his wealth by $2 billion. Trump has denied wrongdoing.

Please select this link to read the complete article from Reuters.