• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem

1

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
PoliticsElections

Trump to take the stand with control of his business empire at stake

By
Jill Colvin
Jill Colvin
,
Michael R. Sisak
Michael R. Sisak
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Jill Colvin
Jill Colvin
,
Michael R. Sisak
Michael R. Sisak
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
November 6, 2023, 10:11 AM ET
Donald Trump
Former President Donald Trump speaks during a break in his civil business fraud trial at New York Supreme Court, Oct. 25, 2023, in New York. AP Photo/Seth Wenig, File
Add Fortune on Google for similar content.

Donald Trump arrived Monday morning at a Manhattan courthouse in anticipation of hours of testimony in his civil fraud trial, a spectacle of a former president and the leading Republican presidential candidate defending himself against allegations that he dramatically inflated his net worth.

Recommended Video

The charges cut to the very heart of the brand Trump spent decades carefully crafting and put him at risk of losing control of much of his business empire.

But the appearance may also mark the beginning of what will likely be a defining feature of the 2024 election if Trump becomes his party’s nominee: a major candidate, on trial, using the witness stand as a campaign platform as he eyes a return to the White House while facing multiple criminal indictments.

“It’s going to be a stunning moment. This is dramatic enough if he was simply an ex-president facing these charges. But the fact that he is the overwhelming favorite to run the GOP, it makes this a staggering Monday,” said presidential historian Douglas Brinkley.

Trump arrived in court soon before 9:30 on Monday, posting social media broadsides earlier in the morning against the judge presiding over the case and the state attorney general’s office that brought the lawsuit.

The courtroom at 60 Centre St. has already become a familiar destination for Trump. He has spent hours over the last month voluntarily seated at the defense table, observing the proceedings. Trump once took the stand — unexpectedly and briefly — after he was accused of violating a partial gag order. Trump denied violating the rules, but Judge Arthur Engoron disagreed and fined him anyway.

The vast majority of his speaking has happened outside the courtroom, where he has taken full advantage of the bank of assembled media to voice his outrage and spin the days’ proceedings in the most favorable way.

He will also be coming face-to-face again Monday with Engoron, whom he has lambasted on his social media site in recent days as a “wacko” and “RADICAL LEFT, DEMOCRAT OPERATIVE JUDGE” who has already “ruled viciously” against him.

Though Michael Cohen, his fixer-attorney-turned-witness, had initially said that he planned to also be in court, he told The Associated Press on Monday that he would no longer attend because his presence created a potential security challenge.

Among the topics likely to be covered: Trump’s role in his company’s decision making, in its valuing of his properties, and in preparing his annual financial statements. Trump is likely to be asked about loans and other deals that were made using the statements and what intent, if any, he had in portraying his wealth to banks and insurers the way the documents did.

Trump is also likely to be asked about how he views and values his brand — and the economic impact of his fame and time as president — and may be asked to explain claims that his financial statements actually undervalued his wealth.

Trump has argued that disclaimers on his financial statements should have alerted people relying on the documents to do their own homework and verify the numbers themselves – an answer that he’s likely to repeat on the witness stand. Trump has said the disclaimer absolved him of wrongdoing.

Eric Trump, the former president’s middle son, who testified in the case last week, said his father was eager for his appearance on the stand.

“I know he’s very fired up to be here. And he thinks that this is one of the most incredible injustices that he’s ever seen. And it truly is,” the younger Trump told reporters Friday, insisting his family was winning even though the judge has already ruled mostly against them.

Unlike most Americans, Trump has ample experience fielding questions from lawyers and has a long history of depositions and courtroom testimony that offer insight into how he might respond. But Cohen, who worked for Trump for more than a decade, said nothing in Trump’s past has come close to what he’s facing now since they were largely civil matters “where even though the dollar amounts were in the millions of dollars, they were never of any real consequence to him or obviously to his freedom.”

“Right now this New York attorney general case is a threat to the extinction of his eponymous company as well as his financial future,” he said. Trump’s forthcoming criminal cases — accusing him of misclassifying hush money payments, illegally trying to overturn the result of the 2020 election and hoarding documents at his Mar-a-Lago club “have far more significant consequences, most specifically the termination of his freedom.”

Brinkley, the historian, said there was little precedent for Trump’s appearance, but said it won’t be the first time a past president has taken the stand in a trial accusing him of wrongdoing. He pointed to one case in 1915, when, after unsuccessfully running for a third term as a third-party candidate, former President Theodore Roosevelt was sued for libel for criticizing New York Republican Party boss William Barnes.

The judge eventually ruled in Roosevelt’s favor after a five week trial, in which the former president spent eight days on the witness stand.

“They were five weeks of great strain,” he wrote in a letter to his son. “But the result was a great triumph, and I am bound that there shall be no more libel suits as far as I am concerned, and for the present at least no further active participation in politics for me.”

___

Associated Press writer Eric Tucker in Washington contributed to this report.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Jill Colvin
See full bioRight Arrow Button Icon
By Michael R. Sisak
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Politics

zm
PoliticsNew York City
Mamdani fails to arrest Netanyahu while insisting ‘war criminal’ isn’t welcome in New York City
By The Associated PressJuly 22, 2026
43 minutes ago
t
CommentaryTariffs
Trump’s third tariff tantrum piles more dizzying distractions on top of ever-spiraling failures
By Jeffrey Sonnenfeld and Steven TianJuly 22, 2026
1 hour ago
Anthea Hartig, Director of the National Museum of American History, looks to her left at a House Committee.
PoliticsWhite House
Smithsonian director denies ‘woke’ label from Trump while defending exhibit on teen’s gender-identity diary
By Steven Sloan and The Associated PressJuly 21, 2026
17 hours ago
Trump says ‘we’re gonna help’ Lebanon as he moves to restore direct flights after four-decade hiatus
North AmericaDonald Trump
Trump says ‘we’re gonna help’ Lebanon as he moves to restore direct flights after four-decade hiatus
By Kareem Chehayeb and Will WeissertJuly 21, 2026
17 hours ago
Defense Secretary Pete Hegseth sits and speaks at a Senate Committee Hearing
PoliticsDonald Trump
‘Without these funds, we face critical shortfalls’: Hegseth on additional defense spending following $37.5B Iran War price tag
By The Associated Press and Lisa MascaroJuly 21, 2026
17 hours ago
kid lying down on phone
PoliticsSocial Media
Lawmakers say they’re protecting kids—but their age checks are quietly building an ID requirement for the entire internet
By Catherina GioinoJuly 21, 2026
17 hours ago

Most Popular

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
2 days ago
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
Cybersecurity
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
By Jeremy Kahn and Emily ForliniJuly 21, 2026
19 hours ago
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
AI
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
By Eva RoytburgJuly 21, 2026
22 hours ago
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
Success
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
By Sydney LakeJuly 20, 2026
2 days ago
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
Success
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
By Emma BurleighJuly 21, 2026
23 hours ago
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
AI
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
By Jason MaJuly 18, 2026
4 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.