Court rejects Donald Trump’s bid to delay trial in wake of fraud ruling that threatens his business

NEW YORK (AP) — An appeals court Thursday rejected Donald Trump’s bid to delay a civil trial in a lawsuit brought by New York’s attorney general, allowing the case to proceed days after a judge ruled the former president committed years of fraud and stripped him of some companies as punishment.

Trump is listed among dozens of possible witnesses, setting up a potential courtroom showdown with the judge. The fraud ruling Tuesday threatens to upend his real estate empire and force him to give up prized New York properties such as Trump Tower, a Wall Street office building, golf courses and a suburban estate.

In New York “these cases take many years to get to trial,” Trump wrote Wednesday. “My Political Witch Hunt case is actually scheduled to start on Monday. Nobody can believe it!”

Trump’s lawyers sued Engoron, accusing him of ignoring the law and hindering their preparations by failing to comply with a June appeals court order that he narrow the scope of the trial based on the statute of limitations.

Engoron, ruling Tuesday in a phase of the case known as summary judgment, found that Trump and his company, the Trump Organization, defrauded banks, insurers and others with annual financial statements that massively overvalued his assets and exaggerated his wealth. Engoron ordered some of Trump’s companies removed from his control and dissolved. James alleges Trump boosted his net worth by as much as $3.6 billion.

Engoron’s fraud ruling resolved the key claim in James’ lawsuit, but six others remain. They include allegations of conspiracy, falsifying business records and insurance fraud. The judge will also decide on James’ request for $250 million in penalties.

The civil trial is the culmination of a yearslong investigation by James’ office that saw Trump questioned under oath and millions of pages of documents change hands. Engoron has said it could take three months.

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Article URL : https://www.msn.com/en-us/news/politics/court-rejects-donald-trump-s-bid-to-delay-trial-in-wake-of-fraud-ruling-that-threatens-his-business/ar-AA1hpE5U?ocid=msedgntp&cvid=46463f7de8024499baf30c9508b0c712&ei=16