Trump’s $250 Million Business Fraud Trial and What’s at Stake

Donald Trump will face off against New York Attorney General Letitia James starting Monday in a contentious civil trial that threatens his control over his real estate empire in the state.

The former president is accused of corrupting his relationship with banks and insurers for more than a decade by giving them financial statements that inflated the value of his assets by billions of dollars a year, from Trump Tower in Manhattan to his Mar-a-Lago estate in Florida. As penalties, James is seeking a quarter of a billion dollars and to bar Trump and his eldest sons from serving as ...