Trump Deposed in New York Civil Suit Threatening Business Empire.

1 min read
Source: ABC News
Trump Deposed in New York Civil Suit Threatening Business Empire.
Photo: ABC News
TL;DR Summary

Former President Donald Trump returned to New York City for a deposition in New York State Attorney General Letitia James' $250 million civil lawsuit against him and his namesake company. The lawsuit accuses Trump and his children of manipulating his net worth and real estate holdings to receive more favorable terms on loans, taxes, and insurance. Trump has denied wrongdoing and called James "racist" and her lawsuit "ridiculous." The trial is scheduled for October and could result in a $250 million penalty and a ban on the defendants from operating a business in New York. Trump is facing deposition questions about his business practices and the reliability of financial statements prepared by the Trump Organization.

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