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With the possibility of losing control of his real estate businesses in New York, former US president Donald Trump has revealed he will make a voluntary trip to court on Monday, October 2 for the start of a civil trial in a lawsuit that has already resulted in a judge ruling that he committed fraud in his business dealings.
“I’m going to Court tomorrow morning to fight for my name and reputation,” Trump wrote Sunday night on his Truth Social platform.
Trump in his post, lashed at New York Attorney General Letitia James, who is suing him, and Judge Arthur Engoron, who is presiding over the non-jury trial and made the fraud ruling last week.
“THIS WHOLE CASE IS SHAM!!!” Trump wrote. “See you in Court – Monday morning.” he wrote
James, a Democrat accused Trump, a Republican, and his company of habitually lying about his wealth in financial statements.
Last week, Engoron resolved the lawsuit’s top claim before the trial even began, ruling that Trump routinely deceived banks, insurers and others by exaggerating the value of assets on paperwork used in making deals and securing loans.
The former president, his two eldest sons, Trump Organization executives and former Trump lawyer, Michael Cohen are all listed among dozens of potential witnesses.
Trump didn’t come to court as either a witness or a spectator when his company and one of its top executives was convicted of tax fraud last year. He didn’t show, either, for a trial earlier this year in which a jury found him liable for sexually assaulting the writer E. Jean Carroll in a department store dressing room.
James, a Democrat, is seeking $250 million in penalties and a ban on doing business in New York.
Engoron’s ruling of last week, if upheld on appeal, would also shift control of some of his companies to a court-appointed receiver and could force him to give up prized New York properties such as Trump Tower, a Wall Street office building, golf courses and a suburban estate.
Trump called it a “a corporate death penalty.”
“I have a Deranged, Trump Hating Judge, who RAILROADED this FAKE CASE through a NYS Court at a speed never before seen,” Trump wrote on his Truth Social platform.
Trump also said that Engoron is “unfair, unhinged, and vicious in his PURSUIT of me.”
Engoron will decide on six remaining claims in James’ lawsuit, including allegations of conspiracy, falsifying business records and insurance fraud.
James’ lawsuit accused Trump and his company of a long list of fibs in the financial statements he gave to banks. In a recent court filing, James’ office alleged Trump exaggerated his wealth by as much as $3.6 billion.
Among the allegations were that Trump claimed his Trump Tower apartment in Manhattan — a three-story penthouse replete with gold-plated fixtures — was nearly three times its actual size and worth $327 million. No apartment in New York City has ever sold for close to that amount, James said.
Trump valued Mar-a-Lago as high as $739 million, more than 10 times a more reasonable estimate of its worth, James claimed. Trump’s figure for the private club and residence was based on the idea that the property, now a private club, could be developed for residential use, but deed terms prohibit that, James said.
Trump has denied wrongdoing, arguing in sworn testimony for the case that it didn’t matter what he put on his financial statements because they have a disclaimer that says they shouldn’t be trusted.
He and his lawyers have also argued that no one was harmed by anything in the financial statements. Banks he borrowed money from were fully repaid. Business partners made money.
As Trump campaigns for next year’s election he battles against four indictments-, Fraud as related to his New York Businesses, plotting to overturn his 2020 election loss, hoarding classified documents and falsifying business records related to hush money paid on his behalf.
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