MELAKA: DONALD Trump and his family business are set to face trial in New York on Monday to determine how much they owe in penalties after a judge found they inflated the former U.S. president’s assets by billions of dollars to secure more favorable loan and insurance terms.
Here is a look at the case brought by Democratic New York Attorney General Letitia James against the frontrunner for the 2024 Republican presidential nomination.
WHAT IS TRUMP ACCUSED OF DOING?
Trump, his businesses and his two adult sons are accused of inflating assets by as much as $1.9 billion to $3.6 billion per year between 2011 and 2021 to save hundreds of millions of dollars on loans and insurance.
James’ office says Trump and his associates used incorrect figures for the sizes of his properties and false or highly unrealistic assumptions about their development potential to arrive at the inflated values.
The judge in the case, Justice Arthur Engoron, ruled on Sept. 26 that James had proven Trump and his co-defendants fraudulently inflated his assets. That means the trial will largely concern how much they must pay in penalties.
WHAT CONSEQUENCES COULD TRUMP FACE?
Trump does not face any criminal penalties in the civil case but could suffer substantial financial and business consequences.
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 the Trump Organization.
WHAT WILL HAPPEN TO TRUMP'S BUSINESS EMPIRE?
Engoron in his ruling ordered the cancellation of certificates that 10 of Trump’s business entities need to operate some of his marquee properties -- including Trump Tower and his golf clubs in New York -- and said he would appoint independent receivers to oversee their “dissolution.”
The full implications of that ruling on Trump’s opaque network of business holdings is not yet clear, but the trial could provide clarity over whether the assets at the center of the dispute will be liquidated.
WHAT HAS TRUMP SAID ABOUT THE CASE?
Trump's lawyers have disputed James' figures, saying they are based on flawed accounting methods that fail to consider Trump's "investment genius" in arriving at his own asset valuations.
Trump himself was dismissive of the allegations during a meandering deposition in April where he touted his achievements as president and distanced himself from day-to-day decision-making at his flagship Trump Organization.
In a post on his Truth Social platform the day of the ruling, Trump called accusations that he committed fraud "ridiculous and untrue," and blasted Engoron as a "DERANGED" judge.
ALSO READ - Donald Trump to appear in New York court for civil fraud trial
Bernama
Mon Oct 02 2023
Donald Trump, his businesses and his two adult sons are accused of inflating assets by as much as $1.9 bln to $3.6 bln per year between 2011 and 2021 to save hundreds of millions of dollars on loans and insurance. - REUTERS/Filepic
Akta Laut Wilayah masih sah, terpakai termasuk di Terengganu - PMO
Akta Laut Wilayah 2012 (Akta 750) masih sah dan terpakai di seluruh Malaysia termasuk di Terengganu, walaupun Dewan Undangan Negeri (DUN) Terengganu membuat keputusan menolak pemakaiannya.
Yakeb sasar 1,000 bekas atlet baharu tahun ini
Yakeb menyasarkan seramai 1,000 bekas atlet dapat berdaftar di bawah yayasan itu sepanjang tahun ini. Yayasan Kebajikan Atlet K
Pulau Pinang mahu perbanyak kedai makan mesra muslim
Kerajaan Pulau Pinang berhasrat memperbanyakkan kemudahan terutama kedai makan mesra Muslim bagi memperkasakan lagi industri pelancongan di negeri ini.
Tiga firma semikonduktor mahu labur AS$100 juta di Pulau Pinang - Chow
Syarikat berkenaan adalah China Wafer Level CSP Co (WLCSP), Ningbo SJ Electronics Co (SJE) dan Wuxi AMTE Inc (AMTE).
Johor pastikan masalah bekalan air ketika perayaan tidak berulang
Kerajaan negeri akan berusaha memastikan sifar masalah bekalan air pada hari raya tahun hadapan dengan beberapa langkah telah diambil.
41 kes kebakaran terbuka di Gua Musang sejak Februari - Bomba
Aktiviti pembakaran terutamanya di kebun, ladang dan hutan perlu dielakkan ketika musim panas ini.
Runtuhan bangunan di Gaza akan ambil masa 14 tahun untuk dialihkan - Pegawai PBB
Serangan Israel telah meninggalkan runtuhan yang dianggarkan seberat 37 juta tan dalam satu wilayah yang padat dengan penduduk.
Fokus Minggu Depan: Gelanggang PRK Kuala Kubu Baharu dibuka
Ikuti kupasan Timbalan Ketua (Strategi), Ibu Pejabat Asia UNSDSN, Universiti Sunway, Prof. Wong Chin Huat mengenai Pilihan Raya Kecil (PRK) Kuala Kubu Baharu yang bermula seusai proses penamaan calon pada Sabtu.
Wanita lintas jalan hingga akibatkan kemalangan direman
Seorang wanita berusia 35 tahun yan melintas jalan sehingga mengakibatkan berlakunya kemalangan maut di KM98.6 LPT 1 direman dua hari.
MINDEF sedia dapatkan khidmat pakar luar negara jika perlu
Kementerian Pertahanan sedia mendapatkan khidmat pakar dari luar negara jika diperlukan untuk membantu siasatan nahas dua helikopter TLDM yang mengorbankan 10 pegawai dan anggotanya.
Biden rancang untuk berdebat dengan Trump
Sebelum ini, Biden tidak komited untuk berdebat dengan lawannya, Trump.
Lelaki bertindak bakar diri di luar mahkamah New York
Max Azzarello yang berasal dari St. Augustine, Florida, dilaporkan telah diselamatkan dan berada dalam keadaan kritikal.
7 juri dipilih dalam bicara kes wang sogok yang dihadapi Trump
Tujuh juri dipilih dalam perbicaraan kes wang sogok Donald Trump di New York, perbicaraan jenayah pertama terhadap bekas presiden Amerika Syarikat.
Berita antarabangsa pilihan sepanjang hari ini
Antara pelbagai berita luar negara yang disiarkan di Astro AWANI, berikut adalah yang paling menjadi tumpuan sepanjang hari ini.
Perbicaraan skandal Donald Trump - bintang porno bermula
Donald Trump menjadi bekas Presiden Amerika Syarikat pertama yang menghadapi perbicaraan kes jenayah.
Bicara kes bayaran tutup mulut yang dihadapi Trump bermula dengan pemilihan juri
Donald Trump akan menjadi bekas presiden pertama dalam sejarah Amerika Syarikat (AS) yang dibicarakan atas tuduhan jenayah.
Trump gagal tangguh, perbicaraan tetap berlangsung 15 April ini
Ini merupakan kali pertama bekas Presiden AS dibicarakan melibatkan bayaran menutup mulut kepada seorang bintang filem lucah.
Biden menang pemilihan peringkat awal di Dakota Utara
Dalam pemilihan peringkat awal di Dakota Utara, terdapat 13 perwakilan ditawarkan dan kebanyakan pengundian dilakukan melalui undi pos.
Berita antarabangsa pilihan sepanjang hari ini
Antara pelbagai berita luar negara yang disiarkan di Astro AWANI, berikut adalah yang paling menjadi tumpuan sepanjang hari ini.
Perbicaraan Donald Trump bermula 15 April
Ini merupakan kali pertama bekas Presiden AS dibicarakan melibatkan bayaran menutup mulut kepada seorang bintang filem lucah.