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Donald Trump on the witness stand: Testifying in real estate fraud trial - what you need to know

Donald Trump on the witness stand: Testifying in real estate fraud trial - what you need to know

Donald Trump on the witness stand: Testifying in real estate fraud trial - what you need to know

Former President Donald Trump plans to testify in a Manhattan court on Monday in a fraud case that could result in $250 million in damages and under a ban on his symbol company's operations in New York. This is due to acrimonious social media posts about the judge and the ban imposed on them for discussing judicial personnel. The New York State Attorney General is seeking a permanent injunction against Trump's involvement in running a new corporation in New York.

This major development comes after the questioning of his sons Eric and Donald Jr. last week. In September, Judge Arthur Engoron found that Trump and other defendants in the case had overstated the value of assets by billions of dollars and ruled that certain entities associated with them would lose their certificates of authority to do business in New York. It is noted that Trump has been fined twice by Engoron for violating the prohibition against discussing the case. In addition, the judge also sanctioned Trump's lawyers for making false arguments. But that's only a small part of the fraud allegations made by prosecutor Letitia James in the 222-page lawsuit.

The Trump New York case involves several charges, including falsifying company financial statements and insurance fraud.

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Prosecutors want to bar the former president and his sons from doing business in New York and keep profits from the fraud, which could result in a quarter-billion-dollar fine. Even though Ivanka Trump is no longer a defendant in the case, she will still have to testify in court.

The questioning of Donald Trump Jr. and Eric Trump last week focused on what they knew about falsifications in their father's financial statements that prosecutors say were used to obtain bank loans on fraudulent terms. Both brothers denied being familiar with the financial statements and blamed the company's accountants for all the discrepancies.

It remains to be seen whether the former president's testimony will be repeated by his sons. Trump has said his financial statements are "phenomenal" and that his true net worth is "markedly higher" than reported. Last week, he wrote on social media that his sons were "being persecuted in a political witch hunt by this out-of-control, fame-wanting judge from New York." Eric Trump's testimony Friday was eclipsed by a scandal over attacks on Associate Justice Allyson Greenfield, with whom the judge sometimes communicates during the hearing. Already, Trump has previously claimed on social media that Greenfield is "controlling this case against him." The judge also noted that he and his staffer had received hundreds of threatening calls, voicemails, e-mails and packages, and therefore imposed an injunction prohibiting court personnel from discussing them.

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