Live updates: Donald Trump testifies in New York civil fraud trial - CNN

by Dan Berman

Mon, Nov 6, 2023 08:44 ET

in False Claims

High-stakes testimony: Donald Trump is expected to take the stand Monday to testify in the New York civil fraud trial against him, his company and adult sons. While he's made in-person appearances earlier at the trial, this will be the first time the former president answers questions under oath in public about the fraud allegations.
The lawsuit: The $250 million lawsuit brought by New York Attorney General Letitia James alleges that Trump and his co-defendants committed repeated fraud in inflating assets on financial statements to get better terms on commercial real estate loans and insurance policies. The judge already ruled the former president is liable for fraud and he's considering how much the Trumps will have to pay in damages.
Why it matters: The case is civil, not criminal, but threatens Trump's business in New York. James is seeking to bar Trump from doing business in the state and to dissolve his companies. Trump’s testimony Monday will also serve as a precursor to the four criminal trials he faces next year as he campaigns to regain the presidency.

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A judge in New York will hear Trump explain on Monday, under oath and in a witness box, why his company inflated the value of his assets when he was trying to secure loans.

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