Trial challenging Trump’s financial asset claims may last 3 months, judge says.

Former President Donald Trump Faces Allegations ⁢of Lying About Wealth in Upcoming⁣ Trial

Former President Donald Trump is facing allegations of lying about his wealth ⁤in an upcoming October trial. According to a program laid out ​by the judge overseeing the​ case, the trial ⁣could last up‌ to three months.

The ⁢trial against President Trump and his family business‌ will air a ⁢civil lawsuit filed by New ‍York ⁢Attorney General Letitia James, who alleges ⁢that President Trump has vastly exaggerated the value of⁤ his real estate holdings⁢ to deceive lenders, as well as potential business associates.

In an order​ filed on Sept. 8, Judge⁣ Arthur Engoron ‌said he anticipates the ⁢trial to end‍ by Dec. 22, ⁢although there may be‌ a ⁣request for additional time ⁤by the lawyers handling⁤ the case. Opening arguments will likely be heard on Oct. 2.

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The trial is expected ‌to include elaborate‍ testimonies about other estimates of the value of President Trump’s holdings, like ⁣his ‍golf courses and skyscrapers. ‌The former president previously defended his ‍asset valuations, describing them‍ as luxurious and ⁢unique properties‍ whose value is enhanced as a result of his personal brand.

President Trump further dismissed any potential inaccuracy in the valuation of his assets through his financial statements, saying that in the ⁤event​ of making important business decisions, each came with a Disclaimer ‍intended to tell banks that they were potentially “worthless” and unreliable.

Nonetheless, ​Ms. James has described President Trump’s financial claims as deceptive, and aimed at providing him with more advantageous conditions on loans and other transactions. ⁢In the⁣ filing on Sept. 8, she claimed that ‌President Trump has ⁤inflated his net⁣ worth by between $800 million to ⁢over $2 billion at different times, adding that it could go ⁤as high⁣ as over‍ $3.5 billion.

The trial comes amid a swath of preparations by⁣ President Trump’s legal team,⁣ as he is‍ currently⁣ facing trials in four different criminal proceedings that⁣ were filed against him, one each in Florida, ‍Georgia, New York, and ⁣Washington ‍D.C.

These⁢ trials ⁣could come as the height of the Republican presidential primary is nearing, and⁤ could hold sway in determining ‍whether President ​Trump will be the party’s⁢ primary challenger to face President Joe Biden in the 2024 presidential election.

Surrounded by campaign staff and members of the U.S. Secret‌ Service, Former U.S. ⁤President Donald Trump (center) waves to ‌supporters as ‍he visits the Iowa Pork Producers​ Tent at the Iowa State Fair ⁣in Des Moines, Iowa, ‍on Aug. 12, ⁢2023. (Chip Somodevilla/Getty Images)

President Trump has repeatedly asserted​ that any ⁤criminal proceedings against him are politically motivated, and moreover deflecting from corruption allegations against President Biden and his son Hunter Biden. An impeachment ‍inquiry could soon commence against ‌President Biden after‌ garnering enough votes in‍ the House.

President Biden​ has argued that any of his or his⁤ family’s dealings with foreign ⁢entities were separate from​ his duties when he was vice president, adding ⁢that‍ he never discussed business with ⁤his son. Court records, ⁤however, have revealed business ties between the Biden family⁤ and Chinese as well as‍ Ukrainian nationals.

The ​Associated ​Press contributed to​ this article.

" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
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