Law, Power, and Justice

www.nytimes.com/2023/10/02/nyregion/trump-fraud-trial-letitia-james.html

Year after year, loan after loan, defendants misrepresented Mr. Trump’s net worth,” Kevin Wallace, a lead lawyer for Ms. James, said during opening statements on Monday morning. He noted that while it might be one thing to exaggerate for a television audience or Forbes Magazine’s list of the richest people, “you cannot do it while conducting business in the state of New York.”

If the attorney general’s office proves its case, the judge could impose a sweeping array of punishments on Mr. Trump, including a $250 million penalty and a prohibition on operating a business in New York ever again.

At trial, Ms. James is seeking more from Justice Engoron, asking that he impose the $250 million penalty on Mr. Trump and that the former president be permanently barred from running a business in New York. The trial will determine what penalty Mr. Trump must pay and whether he will be banished from the world of New York real estate that made him famous.