The state's lawsuit accuses the business-mogul-turned-politician and his company of deceiving banks, insurers and others by misstating his wealth for years in financial statements. Defense lawyers, in response, said the financial statements were legitimate. James' lawsuit accuses Trump and his company of a long list of falsehoods in the financial statements he gave to banks. Trump and his lawyers have also argued that no one was harmed by anything in the financial statements. The New York fraud trial is expected to last into December, Engoron said.

Source: Forbes October 02, 2023 17:58 UTC