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The Guardian - US

World

Lauren Aratani in New York

Fraud or real estate? Five takeaways from week one of the Trump Organization trial

Donald Trump Donald Trump Jr. Eric Trump Ivanka Trump Trump Organization Arthur Engoron Donald Bender Allison Greenfield Letitia James New York

Donald Trump — Donald Trump has already been dealt a heavy blow in the cancellation of his New York business licences. Photograph: David Dee Delgado/Getty Images

The trial of Donald Trump and his real estate business kicked off this week in Manhattan as the former president faces a potential fine of at least $250m for financial fraud.

In his pre-trial ruling, the New York judge Arthur Engoron found Trump guilty of fraud for creating false and misleading financial statements. Trump boosted the value of his assets by as much as $2.2bn, according to an investigation by the New York attorney general, Letitia James, who brought the case against Trump.

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