spot_imgspot_img

Trump’s $250 Million Gamble: NY Civil Trial Threatens Financial Empire

Former President Donald Trump’s financial claims are now under a legal microscope. In a significant courtroom showdown, New York Attorney General Letitia James alleged that Trump, along with his adult sons and the Trump Organization, inflated their wealth by a whopping $2 billion to snag advantageous bank terms and bolster their public image.

Key highlights included attorney Kevin Wallace, representing the attorney general, emphasizing it’s one thing to exaggerate in the media, but quite another to misrepresent in New York’s business realm.

New York attorney general Letitia James steps out of the courtroom doing a short break in the civil business fraud trial against former President Donald Trump at New York Supreme Court, Monday, Oct. 2, 2023, in New York. (AP Photo/Seth Wenig)

Outside the courtroom, Trump countered, lambasting both James and Judge Arthur Engoron, deeming the trial a politically motivated witch hunt.

If James can prove her case, Trump could face a staggering $250 million penalty and be barred from conducting business in New York.

With Trump’s image as a business magnate at stake, the question arises, could this trial reshape the legacy of the Trump Organization and the Empire State?


Click play to listen to the report from AURN White House Correspondent Ebony McMorris. For more news, follow @E_N_McMorris & @aurnonline.

The post Trump’s $250 Million Gamble: NY Civil Trial Threatens Financial Empire appeared first on American Urban Radio Networks.

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

spot_imgspot_img
spot_img

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Browns will move to Brook Park, Cleveland mayor says

(The Center Square) – The Cleveland Browns plan to...

Environmental agency suggests monitoring systems to detect air pollution

(The Center Square) — The Community Air Monitoring and...

Ruling on Illinois’ gun ban expected sometime after Monday

(The Center Square) – A ruling on whether Illinois’...

Nearly $10M spent in U.S. House District 14

(The Center Square) – In Georgia’s 14th Congressional District,...

Colorado lawmakers oppose increased federal control over National Guard

(The Center Square) - A bipartisan group of 124...

Lawmaker flags Sedona firearms ordinance ‘enforceability’

(The Center Square) – Arizona Rep. Quang Nguyen, R-Prescott...

Arizona tutoring program available until end of school year

(The Center Square) – The Arizona Department of Education's...

More like this
Related

Browns will move to Brook Park, Cleveland mayor says

(The Center Square) – The Cleveland Browns plan to...

Environmental agency suggests monitoring systems to detect air pollution

(The Center Square) — The Community Air Monitoring and...

Ruling on Illinois’ gun ban expected sometime after Monday

(The Center Square) – A ruling on whether Illinois’...

Nearly $10M spent in U.S. House District 14

(The Center Square) – In Georgia’s 14th Congressional District,...