Donald Trump’s civil trial: a threat to his real estate empire
On November 6, Donald Trump faced a high-risk civil trial that could potentially hamper his political aspirations and jeopardize his real estate empire. Accused of fraud by the State of New York, the former president had to appear in court to defend himself.
For Donald Trump, this trial is not just a simple legal matter, but rather a “political war” and a legal plot aimed at discrediting him. When he arrived at the New York court, he did not hesitate to criticize prosecutor Letitia James, who is demanding no less than $250 million in reparations. The tone has also risen with judge Arthur Engoron, with whom relations have been strained since the start of the hearings.
Letitia James accuses the Trump Organization of deliberately inflating the group’s assets to benefit from better bank loans and insurance advantages. She also calls for bans on running businesses for Donald Trump and his children. If the accusations are proven, this could lead to the liquidation of certain companies managing the billionaire’s assets.
Despite Donald Trump’s defensive stance, the evidence presented by the New York State Prosecutor’s Office appears to be against him. The judge found convincing the evidence showing that the assets of the Trump Organization were overvalued between 2014 and 2021. This decision could have serious consequences for Donald Trump’s real estate empire, calling into question his reputation as a success builder.
This civil trial is only the beginning of the legal troubles that Donald Trump will face. He is also charged in four other criminal cases, including one for his alleged attempts to overturn the outcome of the 2020 election. Despite these charges, he appears to maintain a lead in the polls among Republican candidates for the 2024 presidential election. .
The political and financial future of Donald Trump is therefore uncertain. The decisions taken during these numerous trials could not only deprive him of his real estate empire, but also have repercussions on his political career. This will be a file to follow closely in the coming months.