Trump denied the allegations, calling them a “witch hunt” by New York Attorney General Letitia James. He said that his assets were worth far more than the state claimed, and that he was a successful businessman who had never committed fraud.
James’s lawsuit alleges that Trump and his company, the Trump Organization, engaged in a “pattern of fraud and deception” over a period of decades. The lawsuit seeks $250 million in damages and a ban on Trump and his three eldest children from doing business in New York.
Trump’s testimony came on the fourth day of the trial. It is unclear how long he will be on the stand.
As Trump was testifying under oath in the New York civil fraud trial against him and is being pressed on the financial documents at the heart of the case, he sparred with the judge repeatedly.
As the judge told the former president to answer the questions related to the case — and not give speeches, he warned Trump’s attorney to control his client or he will be removed from the stand.
The outcome of the trial could have a significant impact on Trump’s business empire. If he is found liable, he could be forced to pay millions of dollars in damages. He could also be barred from doing business in New York, which would be a major blow to his company.
In addition to the financial implications, the trial could also damage Trump’s reputation. If he is found to have committed fraud, it would further tarnish his already controversial image.
The trial is being closely watched by both Trump supporters and opponents. Trump’s supporters believe that he is being unfairly targeted by James, who is a Democrat. They believe that the charges against him are politically motivated.
Trump’s opponents believe that the trial is a long-overdue reckoning for the former president. They believe that Trump has a history of engaging in fraudulent behavior, and that he should be held accountable for his actions.
The outcome of the trial is uncertain. It is possible that Trump will be found liable for fraud. However, it is also possible that he will be acquitted.
The trial is expected to last for several more weeks.