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Business News/ News / World/  Donald Trump to appear in civil fraud trial on Monday: Report
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Donald Trump to appear in civil fraud trial on Monday: Report

Former US President Donald Trump to appear in court for civil fraud trial, accused of inflating asset values.

Former US President Donald Trump. (AP)Premium
Former US President Donald Trump. (AP)

Former US President Donald Trump will appear in court on Monday, October 2, for a civil fraud trial in which he is accused of a years-long scheme to inflate the value of real estate and financial assets, according to a report published by AFP. 

In a post on his Truth Social platform on Sunday, the 2024 Republican White House candidate wrote, “I'm going to Court tomorrow morning to fight for my name and reputation."

He also called the New York attorney general "corrupt" and the judge in the case “unhinged." The decision to keep the schedule of the trial as it is was taken by a five-judge panel of the Appellate Division, a mid-level appeals court in Manhattan. 

The court also lifted a September 14 order by Justice David Friedman to put the trial on hold while it considered Trump's motion. Friedman was part of Thursday's panel.

The ruling was made two days after state court Justice Arthur Engoron found that Trump and his family business persistently and fraudulently overvalued his assets and net worth in order to obtain better terms on loans and insurance.

In 2022, Donald Trump was sued by state Attorney General Letitia James, who accused him, his adult sons, the Trump Organisation, and others of “staggering fraud" in how they valued properties to seek loans and insurance,

In the suit, James is seeking at least $250 million in penalties, a ban against Trump and his sons Donald Jr and Eric from running businesses in New York, and a five-year commercial real estate ban against Trump and his firms.

Lawyers for Trump and the other defendants were not immediately available for comment. James' office had no immediate comment.

The case is unrelated to the four criminal indictments that Trump faces, including for trying to overturn the 2020 presidential election.

Trump has pleaded not guilty to all, and cast litigation against him as part of a politically-motivated, Democratic witch hunt as he seeks a return to the White House. James is a Democrat.

Despite his legal woes, Trump holds a commanding lead for the 2024 Republican presidential nomination.

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Updated: 02 Oct 2023, 09:16 AM IST
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