New York fraud trial accusing Trump of lying about his wealth opens as he denounces it as a 'scam'

Former President Donald Trump, right, sits in the courtroom at New York Supreme Court, Monday, Oct. 2, 2023, in New York. Trump is making a rare, voluntary trip to court in New York for the start of a civil trial in a lawsuit that already has resulted in a judge ruling that he committed fraud in his business dealings.

Defense lawyers, in their openings, said that the financial statements were true. Trump's holdings are"Mona Lisa properties" that can command top dollar, attorney Alina Habba said. "This is a continuation of the single greatest witch hunt of all time," the Republican said as he approached the courtroom, reiterating claims that James, a Democrat, is trying to thwart

The trial concerns six remaining claims in the lawsuit. It is a non-jury trial, which Engoron said was legally required when a suit seeks not only money but a court order setting out something a defendant must do or not do.“No matter how powerful you are, and no matter how much money you think you have, no one is above the law," she said on her way into the courthouse.in the 2024 presidential race, has denied wrongdoing.

“Every estimate was determined by Mr. Trump," Wallace said in his opening statement. He pointed to pretrial testimony by Trump Organization figures and ex-insiders including Cohen, who said the company valued assets to get to a predetermined number “that Mr. Trump wanted.” Among the allegations were that Trump claimed his Trump Tower apartment in Manhattan — a three-story penthouse replete with gold-plated fixtures — was nearly three times its actual size and worth an astounding $327 million. No apartment in New York City has ever sold for close to that amount, James said.

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