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.
Lauren Aratani
Trial run What to know as Trump fraud case begins

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.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra October 06, 2023-utgaven av The Guardian Weekly.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA THE GUARDIAN WEEKLYSe alt
Cutting a dash
The Guardian Weekly

Cutting a dash

Scissor Sisters are reuniting to celebrate 20 years since their debut album. They talk fans, Elton John and connecting with the UK's weird’ energy

time-read
4 mins  |
January 10, 2025
How art led resistance to Pakistan's dictatorship
The Guardian Weekly

How art led resistance to Pakistan's dictatorship

A dazzling exhibitionin Qatar reveals how the repressive regime of Zia-ul-Hag led prompted a powerfulcreative defiance

time-read
3 mins  |
January 10, 2025
The death of the middleclass professional spells danger for Labour
The Guardian Weekly

The death of the middleclass professional spells danger for Labour

What does it mean to have a middle-class, white-collar professional job?

time-read
3 mins  |
January 10, 2025
I love travelling Europe by train, but a joined-up approach is needed
The Guardian Weekly

I love travelling Europe by train, but a joined-up approach is needed

Last August, I took the train from Trieste to Ljubljana, following a route once used by the Orient Express.

time-read
3 mins  |
January 10, 2025
How will 2025 turn out? The life of Jimmy Carter offers us a clue Jonathan Freedland
The Guardian Weekly

How will 2025 turn out? The life of Jimmy Carter offers us a clue Jonathan Freedland

How will we look back on 2025? Or, if that seems too absurd a question to ponder just a few days into the new year, how might we view the first quarter of the 21st century? As it happens, the answer to both questions is the same and it was confirmed by an event that came as the old year faded and the new one began.

time-read
4 mins  |
January 10, 2025
15 ways to overcome overwhelm
The Guardian Weekly

15 ways to overcome overwhelm

Readers and wellbeing experts share tips on corralling chaos and avoiding anxiety, from journalling to cherishing nature

time-read
6 mins  |
January 10, 2025
Overwhelmed? Here's how to fix it
The Guardian Weekly

Overwhelmed? Here's how to fix it

Modern life is exhausting. Here, Guardian writers explain what they have given up to make space in their schedules and lives from social media to makeup to news addiction. Then, readers and experts offer tips on how to navigate the demands and pressures we all face. First, Emine Saner examines why we are so overwhelmed

time-read
6 mins  |
January 10, 2025
Seoul standoff Impeached president fights on despite arrest attempt
The Guardian Weekly

Seoul standoff Impeached president fights on despite arrest attempt

South Korean anticorruption officials attempting to arrest the country's suspended president, Yoon Suk Yeol, must know by now what he meant by his repeated vows to \"fight to the end\".

time-read
2 mins  |
January 10, 2025
'Don't feed the troll': European leaders hit back at Musk
The Guardian Weekly

'Don't feed the troll': European leaders hit back at Musk

When the German chancellor, Olaf Scholz, was asked in an interview about the barrage of insults being directed at him and other German leaders by Elon Musk, the world's richest man, his reply was: \"Don't feed the troll.\"

time-read
3 mins  |
January 10, 2025
History lessons The two steps that could stop societal collapse
The Guardian Weekly

History lessons The two steps that could stop societal collapse

Academic Danilo Brozović says studies of failed civilisations all point in one direction-the need for radical transformation to survive

time-read
4 mins  |
January 10, 2025