Judge Clarifies Position on Statute of Limitations in Trump’s Business Fraud Trial

by Lucas Garcia
gag order

On Tuesday, a New York judge sought to correct the impression that he endorsed former President Donald Trump’s perspective that most allegations in his civil business fraud trial are rendered obsolete by the statute of limitations. This clarification came after Trump had seemingly claimed the judge’s earlier comments as a significant triumph.

The matter at hand: On Monday, Judge Arthur Engoron had implied that any testimony relating to Trump’s 2011 financial disclosures could potentially exceed the legal time frame stipulated by New York Attorney General Letitia James’ lawsuit. The litigation contends that Trump and his companies systematically falsified his wealth in financial statements presented to banks, insurance companies, and other entities. The pertinent statute of limitations prevents claims connected to actions prior to a specific date in 2014. Trump’s legal representatives have posited that this time constraint nullifies most of the case.

However, on Tuesday, Judge Engoron elaborated that “statutes of limitations prohibit claims, not evidence,” emphasizing that he is inclined to provide both parties significant latitude to link older evidence to current allegations in the lawsuit at this preliminary stage.

The judge also underscored that the trial should not serve as a venue to revisit decisions he had previously made. Last week, he had determined that all claims fell within the acceptable time frame according to the statute of limitations.

Kevin Wallace, an attorney for James’ office, proceeded to argue that the 2011 financial document was being used to demonstrate a consistent pattern in how Trump’s financial statements were prepared, specifically that Trump and his corporation had final authority over valuations for at least the past ten years.

The trial resumed on Tuesday with a more focused examination of Trump’s historical financial records, following the impassioned opening statements on Monday. An accountant, who had been responsible for preparing Trump’s financial documents for several years, returned to the witness stand for a second day.

Trump continues to deny any form of misconduct. The former Republican President, who is also a front-runner for the 2024 GOP nomination, accuses Attorney General James, a Democrat, of utilizing the judicial system as a partisan weapon to impede his ongoing campaign efforts.

On his arrival at court on Tuesday, Trump’s demeanor was less animated compared to the previous day, although he maintained his assertion that “this case should be dismissed. This is not a case.”

Attorney General James has already achieved a preliminary win; Judge Engoron ruled last week that Trump engaged in fraud by inflating the valuation of his properties, including his Trump Tower penthouse and his Mar-a-Lago club in Florida.

The bench trial is set to consider six remaining allegations in the lawsuit and potential financial penalties Trump may incur. Attorney General James is seeking $250 million and a prohibition on Trump conducting business in New York. Judge Engoron has already decreed that some of Trump’s enterprises should be liquidated as a form of penalty.

The legal team representing Trump insists that the financial statements are valid portrayals of the value of unique luxury assets, which are further enhanced by their association with the former President.

The trial is anticipated to extend into December.

Frequently Asked Questions (FAQs) about Statute of Limitations

What did Judge Arthur Engoron clarify in Donald Trump’s civil fraud trial?

Judge Arthur Engoron clarified that statutes of limitations restrict claims, not evidence. This was in response to Donald Trump’s assertion that most allegations against him were too old to be considered in court. The judge emphasized that he is inclined to give both parties significant leeway to link older evidence to current allegations in the lawsuit at this early stage of the trial.

What is the lawsuit against Donald Trump about?

The lawsuit, led by New York Attorney General Letitia James, alleges that Donald Trump and his business entities systematically provided false information about his wealth in financial statements to banks, insurers, and other institutions.

What is the role of the statute of limitations in this case?

The relevant statute of limitations bars claims related to activities that occurred before a specific date in 2014. Trump’s legal team argues that this time limit nullifies most of the case. However, Judge Engoron has clarified that this statute limits claims, not the admissibility of evidence, and has previously ruled that all claims in the lawsuit are allowable under this statute.

What is Attorney General Letitia James seeking in this case?

Attorney General Letitia James is seeking $250 million in penalties from Donald Trump and a ban on him doing business in New York. The judge has already ruled that some of Trump’s companies should be dissolved as a form of punishment.

What has been Donald Trump’s response to the allegations?

Donald Trump denies any wrongdoing and claims that Attorney General Letitia James, a Democrat, is using the justice system as a political tool against him. He has asserted that the case should be dismissed.

When is the trial expected to conclude?

The trial is anticipated to extend into December.

What did Kevin Wallace, the lawyer for James’ office, argue?

Kevin Wallace argued that the 2011 financial document is being used to demonstrate a consistent pattern in how Trump’s financial statements were prepared. Specifically, that Trump and his corporation had final authority over valuations for at least the past ten years.

More about Statute of Limitations

  • New York Attorney General Letitia James’ Official Website
  • Donald Trump’s Civil Fraud Trial: Full Coverage
  • Overview of Statute of Limitations in Civil Cases
  • Profile of Judge Arthur Engoron
  • Explanation of Civil Fraud in New York State
  • Donald Trump’s Financial Statements: A Deep Dive
  • Legal Ramifications of False Financial Statements
  • 2024 GOP Presidential Nominees: Current Front-Runners
  • Past Rulings on Business Fraud Cases in New York
  • Timeline of Donald Trump’s Business Ventures

You may also like


CryptoKing October 3, 2023 - 4:29 pm

if Trump loses, I wonder how this’ll affect his business empire. The judge already said some companies should be dissolved.

LibertyFan October 3, 2023 - 5:54 pm

James is just trying to sabotage Trump’s 2024 run. political moves all the way.

Mike42 October 3, 2023 - 7:41 pm

Wow, so the judge just turned the tables on Trump huh? Thought he had a win but guess not.

TrueBlue October 3, 2023 - 10:12 pm

Engoron ruled last week all claims are fine? Then what’s Trump’s legal team even arguing about lol

Sarah_J October 3, 2023 - 10:16 pm

this is far from over. Whatever side you’re on, gotta admit its gonna be a long trial.

GreenTea October 4, 2023 - 6:03 am

Kevin Wallace’s point about financial statements consistency over a decade is pretty telling. Makes ya think.

FactChecker October 4, 2023 - 6:04 am

Wait, the trial goes till December? this is gonna be a holiday season courtroom drama for sure.

JennyD October 4, 2023 - 6:34 am

So AG James is seeking 250 mil? That’s a big number, wonder if she’ll get it.

FinancialGuru October 4, 2023 - 9:55 am

Very intresting to see how laws around statute of limitations work. It’s not as straightforward as people think!

LegalEagle October 4, 2023 - 4:03 pm

statute of limitations bar claims, not evidence – that’s a key takeaway here. Could really impact the case moving forward.


Leave a Comment


BNB – Big Big News is a news portal that offers the latest news from around the world. BNB – Big Big News focuses on providing readers with the most up-to-date information from the U.S. and abroad, covering a wide range of topics, including politics, sports, entertainment, business, health, and more.

Editors' Picks

Latest News

© 2023 BBN – Big Big News