The Trump Organization's attorneys are currently attempting to assess the extent and implications of Tuesday's ruling, which holds Donald Trump accountable for fraudulent activities. They expressed uncertainty regarding which specific aspects of the company the ruling pertains to and have initiated efforts to comprehend the necessary steps for dissolution in order to comply with the unexpected decision made by the judge.
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In court on Wednesday, New York Judge Arthur Engoron stated that the fraud case had "undergone significant changes since yesterday." This refers to his groundbreaking ruling, in which he held Trump and his adult sons accountable for fraud and revoked the Trump Organizations business certification.
Former U.S. President Donald Trump departs Trump Tower in New York City on April 13, 2023. Trump is set to undergo deposition as part of a civil lawsuit initiated by New York Attorney General Letitia James. The lawsuit accuses the Trump Organization of fabricating financial statements for the purpose of securing loans. Its objective is to oust Trump and his children from their positions at The Trump Organization, prohibit them from holding future leadership roles in New York, and require them to repay $250 million, which is alleged to have been obtained unlawfully.
A New York judge has ruled that Donald Trump is responsible for committing fraud. In response to Trump's lack of clarity regarding the receiver's role in the dissolution of his corporate entities, Engoron has granted an additional 20 days to develop a receivership plan, increasing the timeline from 10 to 30 days.
The trial, despite Tuesdays ruling which addressed part of the charges, will still proceed on Monday as scheduled, the judge said.
But Trump attorney Christopher Kise said there are more questions.
"And please don't misunderstand me, but how does this trial appear in the court's perspective? What are the main concerns?" Kise questioned during the hearing. "We do have our own thoughts, but we haven't consulted the Attorney General yet."
He further contemplated, "I'm simply curious about the purpose behind all this."
In court, Engoron confirmed that there are currently 188 witnesses for the trial, without specifying the distribution between the defense and the prosecution. The prosecutors, on the other hand, stated that they have 130 individuals on their list of witnesses.