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


Former President Donald Trump, center, sits in the courtroom with is legal team before the continuation of his civil business fraud trial at New York Supreme Court, Tuesday, Oct. 3, 2023, in New York. Trump is in a New York court for the second day of his civil business fraud trial. A day after fiery opening statements, lawyers in the case are moving Tuesday to the plodding task of going through years' worth of Trump's financial documents. (AP Photo/Seth Wenig, POOL)
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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.

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