The New York Attorney General's office has wrapped up its closing arguments in the civil trial against former President Donald Trump.
New York Attorney General Letitia James is seeking $370 million in damages and aims to prevent Trump from engaging in business activities in the state.
The allegations suggest Trump, his adult sons, and his company engaged in fraudulent activities involving banks and insurance companies by inflating the value of Trump’s assets.
A ruling in the trial, presided over by Judge Arthur Engoron, is expected to be announced later this month.
Controversy as usual
The case, which has garnered the sort of controversy and attention that follows any event involving the ex-president, saw the attorney general's office accuse Trump and his co-defendants of persistent and repeated fraud.
Trump’s legal team has indicated their intention to appeal Judge Engoron's forthcoming decision. They had previously contested his summary judgment decision before the trial, which found the defendants liable.
Judge Engoron's impending decision is anticipated to specify the disgorgement amount, essentially the profits unlawfully obtained, to be repaid by the defendants.
Additionally, the ruling is expected to address six other charges levied by the attorney general, including conspiracy, false financial statements, falsifying business records, and insurance fraud.
Assistant Attorney General Kevin Wallace, in his closing remarks, argued for Trump to be prohibited from conducting business within the industry. He highlighted multiple sanctions imposed by the judge on Trump for not complying with subpoenas and violating a gag order.
Trump addresses court
The trial's conclusion comes amid heightened political activity, with Trump addressing the court for some five minutes, describing the financial statements as "perfect" and labeling the case a "witch hunt."
His appearance coincided with the Iowa caucuses, underlining the overlap between his legal and political challenges. Trump faces four criminal indictments, which have become central to his 2024 campaign narrative.
The outcome of this high-profile trial is eagerly awaited, with ramifications for both Trump's business dealings and his political aspirations.