FLASH
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Former President Donald Trump will be back in a New York courtroom for the second day in a row on Tuesday in a civil fraud case filed against him, his sons, their companies and executives of the Trump Organization. .
The civil trial over the inflated assets in the financial statements comes less than a week after a shock ruling by Judge Arthur Engoron that found Trump and his co-defendants liable for "continuous and repeated" fraud.
According to the attorney general's office, Trump inflated his net worth by as much as $3.6 billion in three separate years between 2011 and 2021. Trump's lawyers have denied the claims, arguing that asset estimates are highly subjective and that they are still considering what the decision means for the future of the company.
What does Trump risk from this trial?
Trump and his companies could be ordered to pay large sums in damages for the profits they allegedly received through their fraudulent business practices. Judge Engoron will calculate how much Trump and their businesses will have to pay. But according to experts, it is estimated that the former president could be fined 250 million dollars.
The judge is expected to consider claims of fraudulent business records and insurance fraud alleged in the lawsuit related to the high-profile properties, although he already determined that a broad level of fraud was perpetuated.
The six causes of action are falsifying business records, conspiracy to falsify business records, filing false financial statements, conspiracy to falsify false financial statements, insurance fraud and conspiracy to commit insurance fraud.
James' lawsuit also asks the court to consider barring the Trumps from serving as officers of a New York business and prohibiting the company from engaging in business transactions for five years.
Trump labels it a "witch hunt"
In front of the cameras and on his social media page, Trump attacked New York Attorney General Letitia James for bringing the case against him. He attacked the judge for the decision last week. And he sought to connect them to special counsel Jack Smith's criminal indictments, even though they are unrelated.
" This is about election interference, plain and simple. They're trying to hurt me, so I'm not doing as well as I'm doing in the election ," Trump said before entering the courtroom.
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