Trump's civil trial over asset valuation set to begin on October 2 By Investing.com

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Trump's civil trial over asset valuation set to begin on October 2

Published Sep 29, 2023 05:00

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Trump's civil trial over asset valuation set to begin on October 2

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The upcoming civil trial against former President Donald Trump is scheduled to start on October 2, with accusations of overvaluing assets to defraud lenders and insurers. The case, initiated by New York Attorney General Letitia James following the Capitol riots, seeks $250 million in penalties after a fraud liability ruling.

Key witnesses in the trial include Rosemary Vrablic and Arjun Nagarkatti of Deutsche Bank (ETR:DBKGn), K. Don Cornwell, formerly of Morgan Stanley (NYSE:MS), along with representatives from Ladder Capital (NYSE:LADR) and Capital One. Testimonies are also expected from Trump's children and three additional Deutsche Bank employees.

Donald Trump has refuted the charges, arguing that the valuations were accurate due to his "brand premium." The trial will take place in New York and is one of the most anticipated legal proceedings involving a former U.S. president.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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