Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Donald Trump turns up at New York fraud trial, complains it distracts from campaign

Published 10/17/2023, 06:08 AM
Updated 10/17/2023, 03:17 PM
© Reuters. FILE PHOTO: Donald Trump, former U.S. president and Republican presidential candidate, waves at the Club 47 USA event in West Palm Beach, Florida, U.S., October 11, 2023. REUTERS/Marco Bello/File Photo

By Jack Queen

(Reuters) -Donald Trump made a voluntary appearance at his New York civil fraud trial and used it to complain that it is distracting from his campaign to reclaim the White House in 2024.

The former U.S. president and frontrunner for the Republican nomination also took the occasion to criticize a limited gag order imposed by a Washington judge in a separate criminal trial related to his attempts to overturn his 2020 election defeat.

Trump appeared in a New York court on Tuesday for the third week of a civil fraud trial which is centered on allegations that he inflated his net worth to secure more favorable loan terms.

"I should be in Iowa now. I should be in New Hampshire now," Trump told reporters outside the courtroom, referring to two important states early in a U.S. presidential election campaign.

Trump, however, chose to be at the trial which he is not required to attend. He has repeatedly used his legal woes as a campaign fundraising tool.

Dressed in a dark blue suit and wearing a U.S. flag pin on his lapel, Trump lashed out at the Biden administration and repeated his claim that the case amounted to a political witchhunt.

Trump's legal troubles have resulted in a surge in money from small donors, helping him roughly match the fundraising pace of Democratic President Joe Biden who is seeking re-election, according to disclosures released on Sunday.

At the civil trial, Trump referred to an order on Monday that bars him from verbally attacking U.S. prosecutors, court staff and potential witnesses in a separate criminal case in which he is accused of trying to overturn his 2020 election loss.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

"My speech has been taken away from me. I'm a candidate that's running for office, and I'm not allowed to speak. This is a railroading," Trump said.

The order does not apply to the civil case, though Justice Arthur Engoron in that case had earlier imposed a gag order on Trump after the former president attacked a court clerk in a post on his Truth Social platform. The gag order bars Trump from speaking publicly about court staff.

PROPERTY VALUATIONS

The lawsuit by Democratic New York Attorney General Letitia James alleges Trump reaped hundreds of millions of dollars in ill-gotten savings by overstating the value of his properties in documents he provided to banks.

Donna Kidder, an accountant for the Trump Organization, resumed her testimony Tuesday, describing the organization’s internal bookkeeping practices and preparation of financial statements.

Kidder was followed on the witness stand by real estate appraiser Doug Larson, who the attorney general's office said valued Trump's 40 Wall Street property at nearly $200 million less than what he listed on financial documents.

Trump has denied wrongdoing and defended the valuations of his properties, saying the case is a "fraud" and attacking both James and the judge overseeing the case.

Trump told reporters outside the courtroom that the true values of his assets including his Mar-a-Lago resort in Palm Beach, Florida were “close to 100 times” what James’ office claimed.

Trump's former lawyer Michael Cohen, a star witness in the case, is expected to testify next week.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Engoron found in September that Trump had engaged in fraud and ordered the dissolution of companies that control crown jewels of his real estate portfolio, including Trump Tower in Manhattan. That ruling is on hold while Trump appeals.

The trial largely concerns damages. James is seeking at least $250 million in fines, a permanent ban against Trump and his sons Donald Jr and Eric from running businesses in New York and a five-year commercial real estate ban against Trump and the Trump Organization.

Latest comments

"Trump, however, chose to be at the trial which he is not required to attend." Did you get that, magadupes?
A total fraud has arrived in NY hoping that all fact based evidence and witnesses disappear….unfortunately for him NY is not run by hillbillies and nutjobs but people who know the law.
the total fraud are ny's politicos and their sheeple
ny is a wasteland of corrupt politicos and their sheeple
Still no lesson to people what dems did! Every country deserves their leaders that because we’re in sht. Was skyrocketed cost of live and debts
do the crime, do the time - risk all criminals face knowingly
if trump is a criminal, Obama and biden's clan should get the you know what penalty
not in this corrupt dnc regime. do the crime, don't do the time and then do more crime
Now, are you speaking of Hunter Biden or Senator Bob Menendez?
God Bless DJ Trump and his wonderful patriotic family! May they Marxist Demon-crat party get what they deserve!
nice anglish commrade
I thunk Sam should look to the dark side for protection for Trump.. with Trump's life long reputation and criminal behavior, that would be more appropriate.
why do you hate America?
La La Land Leader.
'trial is impacting his campaign..'. he is a criminal and should be locked up in prison ffs...
Another bump in he polls for Trump incoming! Trump is currently polling higher against Biden than at any point during 2020. Democrats could not stop thinking about the guy 24/7 for 3 years now and it has helped him more than any advertising he could have done. Free advertising by Reuters and TDS victims.
the corrupt dnc is afraid
Yeah the picture showed the clerk of the court with Chuck Schumer. Showing how biased that court is. Sad day for democracy. This trial should not even be in court. A total witchhunt. This is a banana republic
lock the female dog up
the stooges are corrupt and ok part of the b republic
you are part of the corruption problem
Its everybody else in his company and his business connection that are fraudelent not Trump himself his clean as whistle…..
he is good at throwing his employees/associates under the bus to save his own skin
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.