Main Topic: Former President Donald Trump's legal woes are costing his political operation millions of dollars.
Key Points:
1. Trump's Save America PAC has spent over $20 million on legal fees in the first six months of 2023, accounting for two-thirds of its total spending.
2. The PAC has been covering Trump's legal expenses and those of his associates involved in multiple investigations.
3. The legal bills have significantly depleted the PAC's funds, leaving it with less than $4 million in cash on hand.
Former President Donald Trump is alleged to have inflated his net worth by as much as $3.6 billion between 2011 and 2021, according to lawyers for the New York attorney general, a significant increase from previous estimates.
Former President Donald Trump's financial disclosures reveal significant fluctuations in the value of his assets, including $2.8 million in Ethereum cryptocurrency and $100,000 to $250,000 in gold bars, with differing valuations between April and July filings raising questions about his financial transparency.
A New York judge questioned Donald Trump's lawyers during a hearing for a civil lawsuit brought by New York's attorney general, accusing the former president of deceiving banks and insurers by exaggerating his wealth.
A New York judge ruled that Donald Trump committed fraud by deceiving banks, insurers, and others while building his real estate empire, rejecting his bid to dismiss a civil lawsuit brought by the New York attorney general.
Trump is found guilty of fraud as the New York Attorney General wins a key ruling in the case.
A New York judge's ruling that Donald Trump committed fraud could potentially lead to the revocation of his business certificates, preventing him from conducting business in the state, and costing him millions in penalties and legal fees.
Former President Donald Trump has been found liable for fraud and may have to hand over control of his New York properties, including Trump Tower, to an independent third party, as ruled by Manhattan Supreme Court Justice Arthur Engoron in response to allegations of exaggerated asset values to gain loan and insurance advantages.
Donald Trump, his adult children, and his closest business advisers may be called to testify in a civil fraud trial in New York, where a judge has found them liable for fraud related to the use of inflated financial statements.
Former President Donald Trump has been found liable for fraud in a civil lawsuit brought by New York’s attorney-general, potentially leading to the dismantling of parts of his business operation.
Former President Donald Trump is challenging a judge's ruling that he committed fraud by inflating the value of his property, Mar-a-Lago, as records show he agreed to a much lower valuation of $26.6 million in 2020.
A judge in New York City will hear allegations of fraud within the Trump Organization in a trial that could result in Donald Trump and his family business paying hundreds of millions of dollars in damages, with the New York attorney general accusing Trump of using false financial statements to obtain financing and broker deals.
Former President Donald Trump claims that the civil fraud case against him, his adult sons, and the Trump Organization is part of an attempt to interfere with his election campaign. The judge overseeing the trial has denied the media's request for cameras in the courtroom for opening statements, while Trump calls the trial a "scam and a sham." The trial, which was expected to take up to three months, will likely be shorter now that one fraud claim has already been settled. Trump continues to attack New York Attorney General Letitia James, whom he accuses of being politically motivated in bringing the lawsuit.
Donald Trump criticizes his civil fraud trial in New York, calling it a "sham" and referring to the state attorney general as a "horror show," while also labeling the judge as a "rogue judge."
Former President Donald Trump baselessly claimed that the federal Justice Department orchestrated the New York state civil fraud case against him, despite there being no evidence to support this claim.
The Trump defense in the ongoing case is attempting to rehash previously debunked arguments while facing potential existential threats to the Trump Organization and Donald Trump's personal identity if a final judgment in the range of $250 million is reached. The testimony of the accountant who filled out Trump's tax returns for the past 15-20 years is expected to shed light on the gap between what the Trump Organization knew and what they presented to banks for loans, highlighting potential fraud.
Former President Donald Trump claims that he is being unconstitutionally tried under a fraud statute in order to prevent him from winning the 2024 presidential election, while facing a civil fraud trial brought by New York Attorney General Leticia James seeking fines and a ban on Trump doing business in New York.
Former President Donald Trump has appealed a judge's decision to not dismiss New York Attorney General Letitia James' civil fraud suit against him and his family business, which alleges inflated property values and fraudulently increasing Trump's net worth, as the trial continues.
Former President Trump left his $250 million civil business fraud trial in New York early, after referring to Attorney General Letitia James as "corrupt" and a "political animal," prompting her to state that "the Donald Trump show is over."
Former Acting Solicitor General Neal Katyal stated that Donald Trump is in a very bad position in his civil suit in Manhattan, where he is being sued for fraud by the New York Attorney General.
