The long-awaited trial against President Donald Trump for defrauding hundreds of millions of dollars from New Yorkers starts today. In a circuitous series of maneuvers, Trump allegedly defrauded people in the state of New York of $250 million in a grand scheme of fraud and deceit.
The fraud trial, which will take place in the Supreme Court of New York County, has been the topic of much speculation and discussion among those involved with the legal proceedings. The trial seeks to address the alleged misconduct by Trump and his partners in business, who are accused of diverting funds away from their namesake hotel and New York real estate project – formally known as Trump SoHo.
The remaining parties to the case are the potential victims of the scheme – primarily investors in the project. These investors believed that they would make returns on the project, only to discover that funds collected from them had been diverted in a fraudulent manner.
The case, which seeks to recoup the losses of the investors, is likely to be a lengthy and complex trial. At the heart of the case, are allegations that Trump misled investors by providing false information about the project in order to secure investment funds, and then rerouting funds away from the project itself in order to benefit himself and his business partners.
The case could potentially have great ramifications for Trump’s reputation, and could lead to other allegations of criminal wrongdoing. It could also be used as potential evidence in the investigation into Russian interference in the 2016 election.
The trial, which is expected to last for weeks, could have significant implications for the president and his legal team. With the potential for justice being served, the trial should provide an interesting glimpse into just how far Trump was willing to go to secure his financial future and that of his business partners.