A lawyer has suggested that the former president damned himself with his testimony in the New York civil fraud trial.

A lawyer has suggested that the former president damned himself with his testimony in the New York civil fraud trial.

  • e_t_@kbin.pithyphrase.net
    12·
    8 months ago

    Ehh… the headline is sensational and speculative. If the judgement against Trump is for the $250M James is suing for or even more, and if Trump Organization properties are liquidated to pay the judgement, then Mar-a-Lago, one of the Trump Organization properties, could be taken from him.

    Some other framing would have been better. The juicier story is James’ team goading Trump into his numerous unwise admissions. Ideally, Trump will be left entirely destitute once all the cases against him are tried, but it is idle to speculate about financial verdicts before the trials are even over.

  • AutoTL;DR@lemmings.worldBEnglish
    5·
    8 months ago

    This is the best summary I could come up with:

    Donald Trump has placed himself at further risk of losing control of properties such as his Mar-a-Lago resort following his testimony in the New York civil fraud trial, according to an attorney.

    Trump is accused by New York Attorney General Letitia James of filing fraudulent financial records for years which inflated the value of his properties and assets in order to obtain favorable bank loans and tax breaks.

    Judge Arthur Engoron, who is overseeing the civil trial in New York, has already ruled that Trump had committed fraud by misrepresenting the value of his properties for years.

    Trump faces being banned from doing business in New York state, having his properties removed from his control or being forced to pay a fine totaling hundreds of millions of dollars.

    During the proceedings, Trump has frequently claimed the Mar-a-Lago resort is worth significantly more than the $18 million valuation given by appraisals based on its restricted use as a social club.

    Reacting to the testimony, Gallina said that the New York attorney general office’s lawyers managed to play into Trump’s ego to get him to admit details which were key to their case.

    The original article contains 688 words, the summary contains 191 words. Saved 72%. I’m a bot and I’m open source!