YAHOO
A verdict is expected Friday in Donald Trump’s New York civil fraud trial, adding to a consequential week on the former president’s legal calendar.
Trump could be hit with millions of dollars in penalties and other sanctions in the decision by Judge Arthur Engoron, who has already ruled that the former president inflated his wealth on financial statements that were given to banks, insurers and others to make deals and secure loans.
New York Attorney General Letitia James is seeking $370 million and a ban on Trump and other defendants from doing business in the state. A penalty like that could potentially wound the real estate empire that helped Trump craft his image as a savvy billionaire businessman and vaulted him to fame and the White House.
Engoron is set to rule after 2½ months of testimony from 40 witnesses, including Trump. Closing arguments were held Jan. 11. The judge is deciding the case because juries are not allowed in this type of lawsuit and neither James’ office nor Trump’s lawyers asked for one.
Engoron is expected to release his decision Friday, barring unforeseen circumstances that would necessitate a delay, court officials said.
It has already been a big week in court for Trump. On Thursday, a different New York judge ruled that Trump will stand trial March 25 on charges that he falsified his company’s records as part of an effort to buy the silence of people with potentially embarrassing stories about alleged infidelity. Trump says he is innocent.
