The New York fraud trial against Former President Donald Trump called their final experts yesterday, Wednesday, December 13th, 2023, and will adjourn court until January 11th, 2024, when both sides will give their closing arguments.

Former President Trump's Fraud Trial Adjourns Until January 2024

The case against Former President Trump claims he, two of his sons Eric and Donald Jr, and their company are accused of reaping more than $250 million through an alleged scheme designed to misrepresent his wealth to banks and insurers. All of the defendants deny wrongdoing.

New York Attorney General Letitia James claims that Trump gave banks and insurers financial statements with intentional miscalculations that went against generally accepted accounting principles, known as GAAP. James accuses that the "numerous acts of fraud and misrepresentation," were to inflate Trump's net worth in order to get more favorable loan terms. Trump and his sons took no blame themselves on the matter, rather placing the misrepresentations on their accountants.

Former President Trump said that he would not be testifying Monday morning in his fraud trial in Lower Manhattan. The decision was announced by Trump himself on Truth Social. The former President said that he had "testified to everything and has nothing more to say" after testifying last month.

Trump was expected to make his second appearance on the witness stand to be questioned by his own attorneys as the final witness for the defense. Because of Trump's change of plans, the court case that was expected to resume Monday instead was pushed back to Tuesday.  

Getty Images
Getty Images

Trump's defense team finished its presentation on Tuesday not with Trump, as they originally planned, but with accounting professor named Eli Bartov, who proclaimed New York Attorney General Letitia James' case against Trump "absurd."

James' team called two witnesses to rebut Bartov's testimony and other experts called by Trump's lawyers. Wednesday's proceedings were filled with multiple objections by Trump's attorney and protests that occurred at an unusually high rate throughout the bench trial.

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The fraud trial against Former President Trump will adjourn for a monthlong hiatus before closing arguments. Both sides will present their closing arguments on Thursday, January 11th, 2024.  The judge then plans to issue his ruling a few weeks later.

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Win McNamee

New York Attorney General Letitia James' office is resting its case against Donald Trump and the Trump Organization for financial fraud.  James is suing the former president and his business organization for allegedly inflating financial statements by billions of dollars.  After eleven weeks of trial, James said the trial "revealed the full extent of that fraud - and the defendants' inability to disprove it."  

Take A Look Inside Ivana Trump's Gilded NY Home

Ivana Trump purchased the house in 1992 after divorcing Donald Trump and lived there for 30 years until her death. She paid $2.5 million for the home, which is just over $5.3 million adjusted for inflation today. Clearly the property was a good investment, as it’s now selling for $26.5 million.

If you had to use one word to describe the place, it would likely be ‘lavish.’ The walls are paneled in silk, the fireplaces are gold-inlaid marble, and the bathrooms have chandeliers. There six stories of 10 foot ceilings over 8,750 square-feet. If that’s not enough room for you to entertain the elite, take the party to the 700 additional square feet of outdoor space, including a private courtyard.

Take a look inside:

Gallery Credit: Cameron Coats

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