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☆ Trump defends 'respected' company behind his $175M civil fraud bond
▼ + stars: | 2024-04-16 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Trump's lawyers defended his $175M civil fraud bond — and Knight Specialty — in court filings. AdvertisementLawyers for Donald Trump are defending the "respected" insurers behind his $175 million civil fraud bond in a series of new court filings. Trump's bond was underwritten by Knight Specialty Insurance Company, based in Los Angeles, run by billionaire Trump supporter Don Hankey, a so-called king of subprime car loans. "KSIC is a respected, well-capitalized, Delaware-domiciled insurer that has long underwritten surety bonds and other types of insurance placed around the country," Trump's lawyers wrote. Beyond that, the insurer "has access to more than $2 billion in assets and $1 billion in equity" through its parent company, Knight Insurance Company," the filings say.

Persons: Trump, —, Donald Trump, general's, Charles Schwab, KSIC, Letitia James, Knight, Arthur Engoron, Engoron, Don Hankey, Trump's Schwab, Read, Christopher Kise, Alina Habba, Clifford Robert Organizations: Service, underwriters, New York, Knight Specialty Insurance, Knight Insurance Company, Trump, Associated Press Locations: Manhattan, KSIC, New, Los Angeles, Delaware, Engoron

☆ Out of options, Trump will pay $500M cash bond to appeal his NY fraud case, experts predict. Not paying will hurt even more.
▼ + stars: | 2024-03-09 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +10 min

Trump must stow $500M cash in a bank to cover the appeal bond for his NY fraud case, experts say. His next appeal bond will cost him far more. By posting another appeal bond. Similar to the more familiar jail bond, an appeal bond is a promise of payment that's backed by collateral, meaning cash or property. The premium on a half-billion-dollar appeal bond could run anywhere from $250,000 to north of one million dollars, just to purchase the bond, experts guestimated.

Persons: Trump, —, Donald Trump, Jean Carroll, Letitia James —, Sheriff, Eric Snyder, Snyder, Arthur Engoron, Wilk Auslander, He's, Julie Alleyne, Carroll, Chubb, Evan G, Greenberg, Neil Pedersen, Pedersen, Alleyne, Cash, Jeff Bezos, Elon Musk, Christopher Kise, — Chubb, Letitia James, James, Roy Rochlin, Justin Sullivan Organizations: stow, Service, Trump, New York, New, NRA, Fox, Wilk, Fidelity Association of America, Federal Insurance Company, Chubb Group, Sons, Forbes, Bloomberg, ABC, Midtown, Financial, Getty Locations: NY, Manhattan, New York, New York City, Americas, Midtown Manhattan, New Yorkers

☆ Trump appeals New York civil fraud loss as $454 million judgment grows with each day he doesn't pay up
▼ + stars: | 2024-02-26 | by ( Michael R. Sisak | Associated Press | ) www.businessinsider.com time to read: +6 min

Read previewNEW YORK (AP) — Donald Trump has appealed his $454 million New York civil fraud judgment, challenging a judge's finding that Trump lied about his wealth as he grew the real estate empire that launched him to stardom and the presidency. Trump's lawyers wrote in court papers that they're asking the appeals court to decide whether Engoron "committed errors of law and/or fact" and whether he abused his discretion and/or his jurisdiction. Among other penalties, the judge put strict limitations on the ability of Trump's company, the Trump Organization, to do business. Engoron ordered Trump to pay $355 million in penalties, but with interest the total has grown to nearly $454 million. If Trump is unsuccessful at the Appellate Division, he can ask the state's highest court, the Court of Appeals, to consider taking his case.

Persons: —, — Donald Trump, Trump, Arthur Engoron's, Letitia James, Engoron, Eric, Donald Trump Jr, schemed, Engoron's, Trump's, Christopher Kise, untethered, Alina Habba, Habba, Arthur Engoron, Shannon Stapleton, James, Democrat Joe Biden, Stormy Daniels, E, Jean Carroll, defaming, Carroll Organizations: Service, Business, Trump Organization, Trump, ABC, . New, Reuters, Division, D.C, Democrat Locations: York, New York, Engoron's, Georgia, Washington, Florida, Manhattan

☆ Trump is racking up $2.6 million in interest for every month that he hasn't paid his $355 million fine
▼ + stars: | 2024-02-21 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Read previewFormer President Donald Trump has been ordered to pay interest for the $355 million in penalties from the New York case against him, and it's likely already added about $100 million to his total fine. Trump will have to pay interest on this dating back to May 2022, which is currently $20 million. Trump now stands to lose about $32 million from interest per year if he does not clear his $355 million disgorgement. Advertisement"Trump, Donald Trump, Jr., Eric Trump, and his former executives must pay over $450 million in disgorgement and interest," she wrote. Donald Trump Jr. and Eric Trump have each been ordered to pay $4 million in penalties for their involvement in the Old Post Office sale.

Persons: —, Donald Trump, Arthur Engoron, Trump, Engoron, Letitia James, Donald Trump , Jr, Eric Trump, Donald Trump Jr, Christopher Kise, Kise, James, Jean Carroll, Stormy Daniels Organizations: Service, Business, Post, Trump, New York, Newsweek, Department of Justice, White Locations: York, Washington , DC, Ferry, Bronx, Manhattan, Fulton County , Georgia

☆ Fraud like nobody's watching: Trump was probed for 5 years, and still wouldn't clean up his act
▼ + stars: | 2024-02-18 | by ( Laura Italiano | ) www.businessinsider.com time to read: +11 min

Donald Trump's fraud verdict targets three things he values dearly: his cash, his New York business address, and the Trump Organization steering wheel. Otherwise, as Engoron noted in his verdict, Trump, his company, and his sons, Donald Trump Jr. and Eric Trump, "are likely to continue their fraudulent ways." In previous years, Trump has settled allegations of fraud involving the Trump Foundation, Trump University, and the 2017 Inaugural Committee, Amer pointed out in closings. The same day James concluded her initial investigation and filed her massive Trump fraud lawsuit, on September 21, 2022, Trump incorporated "Trump Organization II" in what her office worried was an attempt to shift and protect assets. Advertisement"In short," they added, Trump and Trump Organization leadership "have proven themselves incapable, time and again, of following the law."

Persons: Trump, Donald Trump's, —, he's, Letitia James, Arthur Engoron, James, he'll, Barbara Jones —, Judge Jones, Jones, Engoron, Donald Trump Jr, Eric Trump, Cushman, Trump's, Allen Weisselberg, Patrick Birney, Birney, Weisselberg, Donald, — Trump, Andrew Amer, Amer, — Jones, Jean Carroll, Kevin Wallace, Christopher Kise, Kise, She's Organizations: NY, Trump Organization, Trump, GOP, New York, Deutsche Bank, Mazars, Trump Org, Trump Foundation, Trump University, New, Independent Monitor Locations: New York, Mazars USA, Wakefield, Trump

In addition to the $355 million penalty — payback of what the judge deemed “ill-gotten gains” from his spurious financial statements — Trump is required to pay interest on that amount. James’ office calculates that, to date, Trump owes an additional $98.6 million in interest, bringing his total penalty to $453.5 million. Trump used $170 million of the $375 million to pay off a loan on the property. — $60 million, plus interest, from selling the rights to manage a New York City golf course in June 2023. Trump testified that regardless of what his financial statements said, banks did their own due diligence and would’ve qualified him for the loans anyway.

Persons: Donald Trump, “, ”, Arthur Engoron, Letitia James, who’s, Trump, who's, Friday's, what's, Engoron, James ’, Allen Weisselberg, Jeffrey McConney, — Trump, Eric, Donald Trump Jr, Donald Jr, untethered, ” Trump, Christopher Kise, would’ve, James, Engoron’s, Barbara Jones, Michael Cohen, Cohen, —, Forbes, Trump “, ” Engoron, Michael Cohen's Organizations: Republican, Trump, Trump Organization, longtime Trump Organization, TRUMP, New, Deutsche, Trump International Hotel, Waldorf, Bally's Corporation, Trump Organization finance, Division, Democrat Locations: New York, New, Manhattan, Lago, Florida, Miami, Chicago, Washington, New York City, Engoron’s, York, Trump

CNN —Judge Arthur Engoron hit Donald Trump with his biggest punishment to date on Friday, in a ruling that fined the former president $355 million for fraudulently inflating the values of his properties. Combined with the $83 million judgment issued against Trump for defaming E. Jean Carroll, that means Trump has been fined roughly $438 million over the past four weeks. Engoron found that the defendants’ fraud saved them about $168 million in interest, fining Trump and his companies that amount. “Overall, Donald Trump rarely responded to the questions asked, and he frequently interjected long, irrelevant speeches on issues far beyond the scope of the trial,” Engoron wrote. properties that offered a much lower valuation than reported on Donald Trump’s financial statements.

Persons: Arthur Engoron, Donald Trump, Jean Carroll, Trump, Friday’s, Engoron, “, ” Engoron, Letitia James, fining Trump, –, Bernard Madoff, Alexander Pope, ’, Trump’s, fixer ‘, Michael Cohen’s, Cohen, “ Michael Cohen, “ Trump, Michael Cohen, – who’ve, execs Allen Weisselberg, Jeff McConney, Eric Trump’s, “ Eric Trump’s, begrudgingly ”, Eric Trump unconvincingly, Donald Trump’s, Eric, Donald Trump Jr, Ivanka Trump, ”, Christopher Kise, ” Kise Organizations: CNN, Trump, defaming, Trump Organization, New York, Post, Independent, ‘, Trump Org, Independent Monitor, SFC, Washington DC, OAG, Division Locations: New York, Washington , DC, Ferry, Bronx, York, –, disgorgement, Washington

The vast majority — nearly $40 million — went to law firms working on his personal legal problems. But significant portions of their donations went to law firms defending Trump in civil cases involving his real-estate empire and its top executives, including Donald Trump Jr., Eric Trump, and Ivanka Trump. Only about $861,000 was spent on law firms working exclusively on political issues. Where there were gaps, we contacted law firms and individual lawyers who received money from the PACs. In 2021 and 2022 combined, Trump spent $16 million on legal fees through the Save America PAC.

Persons: Donald Trump, Trump, —, MAGA, Trump's, Donald Trump Jr, Eric Trump, Ivanka Trump, Stormy Daniels, Jean Carroll, Robert, Clifford S, Michael Cohen, — Troutman Pepper Hamilton Sanders, Kellogg, Hansen, Todd, Figel, Frederick —, Madaio, Alina Habba, Michael Madaio, Hillary Clinton, James Comey, Mary Trump, general's, Carroll, Trump —, Joe Tacopina, Chad Seigel, Christopher Kise, Jesus M, Suarez, Eli Bartov, Bryan Woolston, Silverman Thompson Slutkin, White, Evan Corcoran, Todd Blanche, Cadwalader, Taft, Blanche, Attorney Alvin Bragg's, Daniels, Susan Necheles, John Lauro, who's, Steven H, Drew Findling, Jennifer Little, Jesse R, it's, Jim, John Rowley, Eduardo Munoz Alvarez, Allen Weisselberg, Weisselberg, perjured, ArentFox Schiff, Jeff McConney, Stanley Woodward, Stanley Brand, Carlos de Oliveira, John S, Irving of, Boris Epshteyn, Kenneth Chesebro, Troutman Pepper, Ivanka, Newsmax, Harmeet, Dhillon, Bradley T, Morvillo Abramowitz, David Pecker, Elkan Abramowitz, Greenberg Traurig, Ballard Spahr, Mintz, Levin, Cohn, Ferris, Corey Lewandowski, Robert Mueller's, Jones, Andrew Kelly, It's, Forbes, defaming Carroll, he's Organizations: Service, Trump, Save America PAC, Make, Trump Organization, Politico, Reuters, New, Associates, Democratic National Committee, The New York Times, Times, Continental LLP, Inc, AP, Attorney, Capitol, Law, Taft, Brand Woodward Law, Irving of Earth & Water Law, Ivanka Trump, Republican National Committee, Save, MAGA, Curve Solutions, National Enquirer, Republican, MAGA PAC, Bloomberg Locations: New York, Georgia, Carroll, Manhattan, Florida, York, Washington, DC, Wickersham, Attorney Alvin Bragg's Manhattan, Fulton County , Georgia, codefendants, MAGAworld, Robert Mueller's Russia

NEW YORK (AP) — Lawyers involved in Donald Trump’s civil fraud trial told the judge Wednesday they had no information to share regarding a key witness reportedly negotiating to plead guilty to perjury in connection with his testimony in the case. The New York Times reported last week that Weisselberg was in negotiations with the Manhattan district attorney’s office to plead guilty to perjury and “admit that he lied on the witness stand” when he testified at the civil fraud trial in October. Wallace urged the judge not to delay the verdict, saying that doing so “would have the perverse effect” of rewarding Weisselberg and co-defendants, including Trump, for testimony that may have been false. Court officials have said Engoron's verdict in the case, which involves allegations Trump inflated his wealth to dupe banks, insurers and others, should be ready by mid-February. “Court decisions are supposed to be made based on the evidence at trial, not on media speculation," Kise said.

Persons: Donald Trump’s, Judge Arthur Engoron, Allen Weisselberg, Weisselberg, “, Alina Habba, Engoron, Habba, Kevin Wallace, Letitia James, Wallace, Trump, ” Wallace, Christopher Kise, Kise Organizations: —, Trump Organization, The New York Times, Associated Press, Weisselberg, Trump Tower, Trump, ”, Times Locations: Manhattan, Weisselberg, New

☆ Trump Sees Diminishing Fundraising Returns From Combative Court Appearances
▼ + stars: | 2024-02-02 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +4 min

On Dec. 7, when Trump appeared in a Manhattan court for a civil fraud trial, his main fundraising group reported taking in around $200,000 in online contributions. The recent slowdown suggests Trump is getting diminishing returns from his legal problems as he closes in on his Republican Party's nomination to face Democratic incumbent Joe Biden in the Nov. 5 election. The Trump campaign did not immediately respond to a request for comment on the apparent fundraising slowdown. SLOWDOWNThe smaller daily hauls around Trump's legal problems in late 2023 were part of a broader slowdown in his campaign's fundraising. Trump's legal problems are also showing increasing signs of being a direct drag on the finances of his election effort.

Persons: Jason Lange, Alexandra Ulmer, Andrew Goudsward WASHINGTON, Donald Trump, Trump's, WinRed, Trump, Arthur Engoron, Joe Biden, Jason Cabel Roe, Cabel Roe, Hillary Clinton, Nikki Haley, Trump’s, Christopher Kise, Andrew Goudsward, Scott Malone, Deepa Babington Organizations: Federal, Republican, Democratic, Trump, PAC, South, New Locations: Georgia, Manhattan, WinRed, South Carolina, New York, Washington, San Francisco

☆ Trump Civil Fraud Verdict Now Expected by Mid-February
▼ + stars: | 2024-02-01 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

By Jack QueenNEW YORK (Reuters) -A ruling in the New York state attorney general's $370 million civil fraud case against former U.S. president Donald Trump will not come until early to-mid February, a court spokesperson said Thursday. Trump has denied wrongdoing and called the case a political vendetta by James, an elected Democrat. Engoron previously ruled in September that Trump had engaged in fraud and ordered his business empire be partially dissolved. Closing arguments were delivered in the case on Jan. 11, with Engoron saying on that day he had hoped to issue a ruling by Jan. 31. On the day of closing arguments, Trump lashed out at the judge in the courtroom, telling him, "You have your own agenda.

Persons: Jack Queen, general's, Donald Trump, Arthur Engoron, Joe Biden, Letitia James, Trump, James, Jan, Christopher Kise, Will Dunham Organizations: Jack Queen NEW, U.S, Democratic, New York, Trump Locations: New York, New, Engoron

☆ Trump is fighting back after a court monitor report that suggested he evaded taxes
▼ + stars: | 2024-01-30 | by ( Hannah Getahun | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

A letter from Donald Trump's court monitor in his fraud trial suggests he lied about a $48 million loan. The team also provided a memo from the Trump Org's legal department stating that the loan was paid off. AdvertisementDonald Trump is fighting back after a court monitor's footnote indicated that the former president may have committed tax fraud. The Daily Beast first reported on Sunday the note from Jones is a clue Trump used a fake $48 million loan as a vessel to avoid paying income taxes. Advertisement"It would appear, assuming Judge Jones' letter is accurate, that this amounts to tax evasion," Martin Lobel, a tax lawyer, told The Daily Beast.

Persons: Donald Trump's, —, Donald Trump, Barbara Jones, Arthur Engoron, Donald J, Trump, Jones, Judge Jones, Martin Lobel, Clifford S, Robert, Christopher Kise, , Jason Flemmons, Kise Organizations: Trump, Service, Trump Organization, Manhattan Supreme, Chicago, Daily Beast, Daily, Business, Government, Trump Org, Mezz Venture

☆ Trump has laid the groundwork for a US Supreme Court challenge in his NY civil fraud case: experts
▼ + stars: | 2024-01-13 | by ( Laura Italiano | ) www.businessinsider.com time to read: +11 min

On their way to the US Supreme Court, Trump's lawyers would first need to exhaust their New York state appellate options. AdvertisementNew York Supreme Court Justice Arthur Engoron presided over closing arguments in the Trump civil fraud trial. Shannon Stapleton/ReutersThrowing the case to the US Supreme Court could, at the least, delay the imposition of penalties, Scholl said. It's unlikely the US Supreme Court would throw out New York's executive law in its entirety, he predicted. But the court could quite possibly pare back, at least in Trump's case, its most severe penalties.

Persons: —, Donald Trump, Letitia James's, Trump, Shannon Stapleton, SCOTUS, Marc Frazier Scholl, Trump's, Scholl, Lewis Baach Kaufmann Middlemiss, Jane Rosenberg, it's, James, Arthur Engoron, pare, Letitia James, Christopher Kise, Donald Trump's, Kise, Alina Habba, Clifford Robert . Pool, Adam S, Kaufmann, There's, President Trump Organizations: Service, York, New York, Trump, Business, Court, Reuters, Manhattan, Attorney's, New, Appeals, Trump Organization, US, Fifth Locations: Manhattan, New York, York, Florida

☆ Trump fraud judge jokes 'Are we gonna be shot' hours after bomb threat as Trump watches closing arguments in NY civil trial
▼ + stars: | 2024-01-11 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

A "fertilizer bomb" threat against the judge nearly delayed closings in Trump's NY fraud trial. "Not one witness came into this courtroom, your honor, and said they were a victim of fraud," Kise told the judge, starting his arguments. Advertisement"The judge is not letting me make a summation," Trump told reporters before going inside the courtroom to hear closings. "Letitia James, all she thinks about is 'get Trump,'" the former president told reporters on his way inside the courtroom. He's smart," Kise told the judge.

Persons: Arthur Engoron, —, Donald Trump's, Engoron, Trump, Eric Trump, Letitia James, Trump's, Christopher Kise, Kise, James, Donald Trump , Jr, Allen Weisselberg, Jeffrey McConney Organizations: Trump, Service, New Locations: NY, York, Manhattan

☆ Trump gets his way in closing arguments at NY fraud trial, calling himself a 'victim' in surprise remarks
▼ + stars: | 2024-01-11 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

"I'm not sure what the number would have been," had it been correct, Trump told the judge on Thursday of the apartment's worth. "The person in the room right now hates Trump, and uses Trump to get elected," he said, apparently referring again to James. "They found nothing and now she comes in and she says, 'We want to make the $250 million fine $370 million. "You have your own agenda," Trump told the judge. Advertisement"Mr. Kise," the judge told Trump's lawyer.

Persons: —, Donald Trump, I've, Letitia James, Arthur Engoron, Christopher Kise, Kise, Trump, Engoron, minimus, I'm, James, we've, Trump's Organizations: Service, Trump Organization, Business, New York, Trump, Deutsche Bank Locations: New York, Manhattan, Trump, Chicago, Miami, Washington , DC

Former President Donald Trump's civil business fraud trial turned Tuesday to one of the topics that has vexed him most — the value of his Mar-a-Lago club in Palm Beach, Florida. A Palm Beach luxury real estate broker played a glimmering video of the historic estate and testified that he'd value it at over $1 billion as of 2021. Political Cartoons View All 1277 ImagesMar-a-Lago also is a key element of the current New York civil case and Trump's vehement frustration with it. The attorney general, a Democrat, maintains that Trump should have valued Mar-a-Lago the same way the county does, based on its club income. “Anybody who buys it … would just step into the shoes of President Trump,” defense attorney Christopher Kise said.

Persons: Donald Trump's, Trump, “, Lawrence Moens, Jack Smith, Lago, Letitia James ’, Judge Arthur Engoron, Jeffrey McConney, James, John Shubin, ”, Shubin, Christopher Kise Organizations: Republican, Mar, Trump, National Trust for Historic Preservation, National Trust, Democrat, Associated Press Locations: Lago, Palm Beach , Florida, Florida, New York, York, Beach, Miami, Palm Beach

☆ Meet Allison Greenfield, the law clerk driving Trump bonkers at his fraud trial
▼ + stars: | 2023-12-03 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +18 min

In Donald Trump's civil fraud trial, however, his attorneys have spent a disproportionate amount of time — and ire — on Allison Greenfield, the judge's principal law clerk. Notes and whispersDuring the trial, Greenfield is quiet. AP Photo/Seth WenigBecause of the enormous public interest in the Trump trial, it's held in the New York civil court's large ceremonial courtroom. AdvertisementEarly in the trial, Engoron issued a gag order forbidding Trump — and later his attorneys — from disparaging his staff, including Greenfield, citing numerous threats. A New York Law Department representative said a list of her cases was "not readily available."

Persons: Donald Trump, Arthur Engoron's, Allison Greenfield, —, Donald Trump's, Arthur Engoron, Letitia James, — Engoron, James, Alina Habba, Habba, James didn't, Hillary Clinton, Greenfield, Engoron, Christopher Kise, Clifford Roberts, Jesus M, Suarez, Trump, Chris Kise, Seth Wenig Greenfield, interposes, Alison R, Democratic Sen, Chuck Schumer, Schumer, they're, Seth Wenig, it's, It's, Trump's, Ruth B, Kraft, Falcon Rappaport, Berkman, Engoron's, hasn't, she'd, Images Greenfield, George B, Daniels, Bill Clinton, Jaffe & Asher, Gregory Galterio, Jaffe, Cardozo, Johnny Depp, Amber Heard, Anna Sorokin, Anna Delvey, Sorokin, Donald Trump Jr, Brendan McDermid, he's, — Greenfield, Greenfield didn't, Kise, Laura Italiano Organizations: Service, New, Trump —, Trump Organization, AP, Democrat, Republican Party, Democratic, Trump, Falcon, Truth, Images, Cardozo School of Law, New York University, US, Jaffe &, New York Police Department, New York Law, Engoron, American Civil Liberties Union, Business, Democratic Party, West Side Democrats, Grand Street Democrats, Hell's, Democrats, Village Independent Locations: Greenfield, New, Manhattan, New York, Engoron, York, SLU

☆ Judges to Trump: Pipe back down
▼ + stars: | 2023-11-30 | by ( Natalie Musumeci | Laura Italiano | ) www.businessinsider.com time to read: +3 min

The gag order was temporarily lifted two weeks ago as Trump appealed the order. Trump and his lawyers are now barred, again, from attacking the judge's legal staff either verbally or on social media. It was issued in response to Trump posting to Truth Social a photo of the judge's principal law clerk, Allison Greenfield. In the Truth Social post, Trump named the law clerk, linked to her social media account, and falsely called her "Schumer's girlfriend." Engoron has twice found Trump in contempt of court for violating the gag order, fining him a total of $15,000.

Persons: Donald Trump, —, Donald Trump's, Trump, Arthur Engoron, Engoron, Trump's, Christopher Kise, Allison Greenfield, Chuck Schumer Organizations: Service, Trump, New Locations: New York, York, New, Greenfield

☆ At Trump's NY fraud trial, a rep for 'victim' Deutsche Bank wouldn't use the F-word — for fraud
▼ + stars: | 2023-11-29 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Trump's civil fraud trial, which could run him and Trump Org out of NY, is in its ninth week. A rep for Trump's biggest "victim," Deutsche Bank, testified Tuesday as an unlikely defense witness. AdvertisementDonald Trump's defense team tried to turn the tables at his civil fraud trial on Tuesday — calling a representative from his own biggest fraud victim, Deutsche Bank, to the witness stand in his defense. "We're expected to conduct due diligence and verify the information provided to the extent that's possible," the witness, Dave Williams, a Deutsche Bank managing director, told Trump's attorney Clifford Robert. Undaunted, Trump's side plans to continue Wednesday with direct examination of yet another Deutsche Bank official.

Persons: —, Donald Trump's, Trump, Letitia James, Dave Williams, Clifford Robert, Trump's, Williams, Sherief Gaber, Gaber, Arthur Engoron, Christopher Kise Jane Rosenberg, Christopher Kise, Kise, Kevin Wallace, general's, Eric Trump, Donald Trump Organizations: Trump Org, Deutsche Bank, Service, Trump, New, Trump Organization, Reuters Locations: NY, Miami, Chicago, Washington , DC, New York

The financial watchdog overseeing the Trump Organization informed a New York judge on Wednesday about $40 million in cash transfers that were not previously disclosed as required to that court-appointed monitor. A review of bank statements since January shows that there were "three cash transfers exceeding $5 million each, totaling approximately $40 million," she wrote. Kise's statement referenced Jones' last regular report to the judge, which she sent in August. In that previous letter, Jones notified Engoron about what she described as issues of incompleteness and inconsistency in certain disclosures to lenders and others by the Trump Organization. A spokeswoman for New York Attorney General Letitia James had no comment on Jones' letter.

Persons: Donald Trump, Barbara Jones, Arthur Engoron, Trump, Jean Carroll, Jones, general's, Engoron, Christopher Kise, Kise, Letitia James Organizations: New, Supreme, Trump Organization, Trump, Trust, CNBC, New York Locations: New York City, New York, Manhattan

☆ Fraud-trial judge saves Trump from what could have been a shoot-self-in-foot plan to call Trump Org's court-ordered watchdog as a defense witness
▼ + stars: | 2023-11-28 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

The judge nixed that plan; meanwhile, on December 11, Trump will be his own final defense witness. In her 12 months as Trump Org's independent watchdog, Jones, a retired federal judge, has repeatedly described Trump Org's ongoing difficulties with thoroughness and transparency. New York Unified Court System"Were you aware that Judge Jones had prepared a report, saying that certain reporting has been incomplete?" "Were you aware that Judge Jones had identified such inconsistencies?" It is the ninth week of trial, and the third week of Trump's defense case.

Persons: Barbara Jones, Trump, —, Donald Trump's, Arthur Engoron, Jones, Andrew Amer, Letitia James, Judge Jones, Amer, Mark Hawthorn, Hawthorn, Clifford Robert, Robert, Christopher Kise, Kise, I'm, Engoron, Eric Trump, Donald Trump Organizations: Trump, Service, Trump Organization, Trump Organization . New York Unified, Hawthorn Locations: New York, Manhattan, Trump's

☆ Trump will be final defense witness at New York fraud trial, lawyer says
▼ + stars: | 2023-11-27 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

Trump will be the final witness for the defense on Dec. 11, in the trial brought by New York Attorney General Letitia James, accusing him and his co-defendants of falsely inflating Trump's assets for financial gain. Trump's adult son and co-defendant Eric Trump is scheduled to testify Dec. 6, defense attorney Christopher Kise said. Trump Sr., Eric Trump and Donald Trump Jr. denied wrongdoing when they were previously questioned on the witness stand by lawyers for the state. But that shift "cannot be ascribed to President Trump's re-posting of a photograph the Principal Law Clerk herself first published," they argued. Charles Hollon, an officer in the Judicial Threats Assessment Unit of the New York Court System's Department of Public Safety.

Persons: Donald Trump, Judge Arthur F, Jane Rosenberg, Trump, Letitia James, Eric Trump, Christopher Kise, Donald Trump Jr, James, Arthur Engoron, Allison Greenfield, Engoron, Trump's, Greenfield's, Charles Hollon, Greenfield, Chuck Schumer, Hollon, voicemails Organizations: U.S, Trump Organization, Court, Reuters, New York, Manhattan, New, Court System's Department of Public Locations: New York, Manhattan, New York City, U.S

☆ Trump's fraud trial defense has featured 1 son, 2 pals, and an expert who noted 'glaring' math snafus
▼ + stars: | 2023-11-18 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

Donald Trump Jr. in court for his family's civil fraud trial in New York. AP Photo/Phelan M. EbenhackThe first defense expert witness: a Trump mega-donorThe third defense witness to take the stand, developer Steven Witkoff, was, like Donald Trump, Jr., hardly an objective source of testimony. But on Tuesday he became Trump's first expert witness, in the field of real estate valuation. His multi-billion-dollar brokerage firm, Lockton Companies, earned $1.2 million last year as Trump's insurance broker, he said. He said he didn't have a real estate license — he doesn't need one to be a broker, he explained.

Persons: —, Donald Trump, Donald Trump , Jr, Junior, Donald Trump Jr, David Dee Delgado, Christopher Kise, Trump, Kise, Phelan M, Ebenhack, Steven Witkoff, Witkoff, Trump's, Eduardo Munoz Alvarez, Jason Flemmons, Flemmons, James, Flemmons flubbed, Steven Laposa, Laposa, LIV, Timothy A, Clary, Gary Giulietti, Giulietti Organizations: Trump, Service, New, AP, Republican, Woolworth, Supreme, Securities and Exchange Commission, SEC, Getty, Lockton Companies, Zurich Insurance Group Locations: New York, Manhattan, Trump, New Jersey

☆ An appeals court lifted Trump's gag order, clearing the way for him to insult the judge's staff again
▼ + stars: | 2023-11-16 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +5 min

An appellate judge in New York temporarily lifted Trump's limited gag order in his NY fraud trial. The gag had barred Trump and his lawyers from spoken or written attacks on the judge's law staff. AdvertisementOn November 3, Engoron extended the gag order to include Trump's lawyers after Trump's lawyers made what the judge called "on the record, repeated, inappropriate remarks" about the same clerk. Trump and his lawyers are now free to make written and spoken criticisms of the judge's staff members pending the full appellate decision. Trump's lawyers must respond by November 27, after which a full panel of the New York Appellate Division's First Department will decide if the gag stays or goes permanently.

Persons: Trump, —, Donald Trump, Arthur Engoron, Alina Habba, overreach, Habba, Chuck Schumer, Engoron, Christopher Kise, David Friedman, Friedman, Lisa Evans Organizations: Service, Trump, New, Appellate, Department Locations: New York

☆ Judge lifts Trump gag order in $250 million New York business fraud case
▼ + stars: | 2023-11-16 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

A New York judge on Thursday temporarily suspended a gag order barring former President Donald Trump from commenting on court staff in his $250 million civil business fraud trial. She seeks $250 million in damages and wants to permanently bar Trump Sr., Donald Trump Jr. and Eric Trump from running a New York business. Trump has already violated the narrow gag order twice, catching a total of $15,000 in fines. That gag order barred Trump from making statements targeting the prosecutors, likely witnesses and court staff in the case. A federal appeals court temporarily paused the D.C. gag order earlier this month.

Persons: Donald Trump, Judge Arthur F, David Friedman, Letitia James, James, Arthur Engoron, Trump, Christopher Kise, Kise, Donald Trump Jr, Eric Trump, Engoron Organizations: U.S, Trump Organization, Court, New, Appellate, Department, Trump, CNBC, Washington , D.C Locations: New York, Manhattan, New York City, U.S, York, New, Washington ,

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