The Trump Organization is going to go to trial in October and Donald Trump will testify about whether his company inflated the value of assets for financial gain, his attorney said in court Tuesday.
Donald Trump left Trump Tower to meet with New York's attorney general.
Insider and the Financial Times reported that Trump will testify at the trial.
Insider reported that Habba said that Trump wants a jury trial over a trial in which the judge decides the outcome.
After Trump and the Trump Organization filed motions to dismiss the New York Attorney General's lawsuit, a hearing was held.
According to the lawsuit, fraudulent documents were approved at the highest levels of the Trump Organization, including by Mr. Trump himself.
The judge who tried to have the case thrown out had little patience for the ex-president's legal arguments.
According to the Financial Times, Trump's attorneys are trying to delay the trial, which will take place on October 2, 2023.
The New York lawsuit wants the court to impose a range of punishments on Trump, his children and business, including imposing a $250 million fine, canceling certificates for Trump's businesses, imposing more oversight on the company, and barring Trump from engaging in any commercial real estate acquisitions for five years. James said when the lawsuit was filed that her office had referred evidence of crimes to the Justice Department and IRS, which could result in criminal charges being brought against Trump.
The trial concerning James' lawsuit is unrelated to the trial the Trump Organization is currently facing for tax fraud, which was brought by the Manhattan district attorney's office. Unlike James, Trump is not implicated in the case and will not testify.
The president has fought attempts in the past to testify under oath. After fighting subpoenas in court, the president and his children were forced to testify in the civil lawsuit, but Trump refused to answer questions and invoked his Fifth Amendment rights. The ex-president was subpoenaed to testify by the House January 6 Committee, which is investigating the aftermath of the 2020 election.
James sued Trump, his business and associates in September after investigating the Trump Organization's finances since March 2019, after ex- Trump attorney Michael Cohen testified to Congress that Trump had fraudulently inflated or deflated the value of his assets. The lawsuit accuses the Trump Organization of making more than 200 false or misleading valuations of its assets over a 10-year period from 2011. The judge had previously sided with James' office and granted their request to appoint an independent monitor who will oversee the Trump Organization's activities until the case is resolved.
Donald Trump will be testifying in a New York court.
James sued Trump for fraud.
A judge has appointed an independent monitor to oversee the Trump organization.
Forbes looked at the Trump fraud lawsuit.
There is an exclusive recording and documents related to the Trump fraud lawsuit.
Forbes exposed Trump's lies about the size of his house.
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