“They were lying year after year after year,” Kevin Wallace, a lawyer in James' office, said as Trump sat at the defense table. James is seeking $250 million in penalties and a ban on Trump doing business in New York. In a recent court filing, James' office alleged Trump exaggerated his wealth by as much as $3.6 billion. Mazars cut ties with Trump last year after James' office raised questions about the documents' reliability. The New York fraud trial is expected to last into December, Engoron said.

Source: Forbes October 02, 2023 16:12 UTC