3. The main argument in the lawsuit has already been resolved
Arthur Engoron, the case’s judge, declared last week that Mr. Trump had overstated his wealth by millions of dollars.
Arthur Engoron, the case’s judge, declared last week that Mr. Trump had overstated his wealth by millions of dollars.
The judge ordered that some of Mr Trump’s companies be removed from his control. While the scope of this ruling is still unclear, it could mean that the Trump Organization could be forced to hand over control to a court-appointed receiver, or ultimately have to sell some of its most iconic landmarks.
The upcoming trial will focus on six other claims made in the lawsuit, including falsification of business records, insurance fraud and conspiracy.
Kevin Wallace, the state’s lead attorney, claimed on the first day of the trial that the defendants had fabricated records for their own benefit. He claimed that they “then used them to pursue and obtain financial benefits” despite knowing the assertions were untrue.