Current:Home > FinanceDonald Trump back in court today as New York fraud trial nears end -FundTrack
Donald Trump back in court today as New York fraud trial nears end
View
Date:2025-04-15 12:53:50
Former President Donald Trump is back in court to attend proceedings Thursday in his New York civil fraud trial as his defense questioned its final expert witness on the stand.
Trump has attended the trial, which began on Oct. 2, eight previous times — including for his Nov. 6 testimony. That day, he clashed with the judge, Arthur Engoron, straying from questions and earning reprimands.
Trump, two of his sons and their company are accused of participating in a decade-long fraud scheme involving vast misrepresentations of Trump's wealth to attract favorable rates on loans and insurance. They have all denied wrongdoing in the case. Eric Trump joined his father in court on Thursday.
Thursday's testimony
The former president listened as his attorney questioned Eli Bartov, a New York University accounting professor who testified about the role of property valuations in financial statements that are at the heart of the fraud case. He said that he saw "no evidence whatsoever for accounting fraud," and that the statements of financial condition "were not materially misstated."
"So your expert opinion is, from an accounting perspective, the attorney general's complaint had no merit?" the judge asked.
"This is absolutely [my] opinion, yes," Bartov replied.
Bartov also acknowledged that the value of Trump's penthouse in Trump Tower in Manhattan was "inflated" in his financial statement, but attributed the discrepancy to "an error in the calculation," which he said was "not unusual." Forbes magazine revealed in 2017 that Trump's three-story apartment was about a third of the size he had long claimed — about 11,000 square feet, instead of more than 30,000 — and thus far less valuable.
Kevin Wallace, a lawyer for New York Attorney General Letitia James, said Bartov's opinions weren't relevant to evidence presented at trial. He and another lawyer for James attacked Bartov's ability to render opinions on banking decisions and credit analysis related to private companies.
As Trump walked out of the courtroom during a mid-morning break, he stopped to review court artist Jane Rosenberg's sketch.
"Nice," he said, according to Rosenberg.
Moments later, he hailed a decision by an appellate court that extended an Oct. 6 order pausing the dissolution of Trump's company while the trial is ongoing. That order stemmed from a Sept. 26 pretrial ruling finding Trump and the company liable for fraud.
"I think it's a great thing for the country, a very strong decision by the Appellate Division, just getting down this moment," Trump said. "That decision is very powerful."
His attorney Christopher Kise also lauded the decision in a statement to CBS News.
"President Trump very much appreciates the court's consideration and ruling today. The ruling helps pave the way for a much needed, and deliberative, review of the trial court's many errors," Kise said.
Tensions in the courtroom boiled over in the early afternoon after Wallace objected to some of Bartov's testimony, describing it as "pure speculation from someone they hired to say whatever it is they want."
"You really ought to be ashamed of yourself," Bartov replied, his voice rising. "You make up allegations that never existed. I am here to tell the truth. You should be ashamed of yourself, talking to me like that."
Bartov later offered testimony that reinforced Trump's own Nov. 6 testimony in this case, that the statements at the center of the case warned banks to use them at their own risk.
"This is like the warning of the surgeon general on a box of cigarettes," Bartov said.
He later described a disclaimer in the statements as meaning, "use your own analysis and come up with your own estimate."
"I never saw anything clearer than that, even my 9-year-old granddaughter … would understand that language," Bartov said.
The Trump fraud case
In the civil fraud trial, New York Attorney General Letitia James is seeking to claw back $250 million for the state, as well as sanctions against the defendants designed to severely limit their ability to do business in New York.
Trump has seethed at James outside the courtroom, including on Thursday, when he called her "crazy" and a "lunatic."
He and Engoron have also been at loggerheads since early in the trial, when Trump published a social media post attacking the judge's law clerk. The judge then imposed a limited gag order, which Trump raged against and twice violated, incurring $15,000 in fines.
Three of Trump's children, Donald Trump Jr., Eric Trump and Ivanka Trump, have also testified during the trial. The two sons are defendants in the case, but Ivanka Trump is not. She was originally a defendant, but the allegations against her were dismissed by an appellate court that ruled they were outside the statute of limitations.
Donald Trump himself is scheduled to be the final witness called in his own defense on Monday, Dec. 11.
- In:
- Donald Trump
Graham Kates is an investigative reporter covering criminal justice, privacy issues and information security for CBS News Digital. Contact Graham at KatesG@cbsnews.com or grahamkates@protonmail.com
veryGood! (183)
Related
- 'We're reborn!' Gazans express joy at returning home to north
- Judge to hear arguments on proposed Trump gag order in Jan. 6 case
- Teen Wolf's Tyler Posey Marries Singer Phem During Star-Studded Wedding
- What is the 'healthiest' Halloween candy? Don't get tricked by these other treats.
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- A Baltimore priest has been dismissed over 2018 sexual harassment settlement
- Top US envoy will return to Israel after stops in Arab nations aimed at avoiding a broader conflict
- Love Is Blind Season 5 Reunion's Biggest Bombshells: A Cheating Scandal and Secret Kisses Revealed
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Huge turnout in Poland's decisive election, highest since 1919
Ranking
- A South Texas lawmaker’s 15
- AP Top 25: Washington into top 5 for 1st time in 6 years. Air Force ranked for 1st time since 2019
- Trump-backed Jeff Landry wins Louisiana governor's race
- See it in photos: Ring of fire annular solar eclipse dazzles viewers
- Federal hiring is about to get the Trump treatment
- Medicare shoppers often face a barrage of unsolicited calls and aggressive ads
- A bear snuck into a Connecticut home and stole lasagna from a freezer
- The $22 Earpad Covers That Saved Me From Sweaty, Smelly Headphones While Working Out
Recommendation
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Japan criticizes Russian ban on its seafood following the release of treated radioactive water
Wildfire smoke leaves harmful gases in floors and walls. Research shows air purifiers don't stop it — but here's how to clean up
Australian safety watchdog fines social platform X $385,000 for not tackling child abuse content
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
NYPD celebrates members of Hispanic heritage
A Baltimore priest has been dismissed over 2018 sexual harassment settlement
Pepper X marks the spot as South Carolina pepper expert scorches his own Guinness Book heat record