On October 3, local time, the trial of former U.S. President Trump on alleged financial fraud entered the second day. A reporter from China Business News saw at the scene that Trump appeared at 10 a.m. on the 3rd, wearing a navy suit and red tie. Trump spoke for about two and a half minutes before entering the hearing room. He denied wrongdoing in the case and continued his attacks on New York State Attorney General Letitia James.

"In the next six months, she should at least search for perpetrators, abusers and other criminals in New York and take action against the illegal immigrants pouring into New York State and New York City." Trump said, "Her data is deceptive, she is a liar and should be fired."

Geoffrey R. Sant, a partner at Pillsbury Winthrop Shaw Pittman and a visiting professor at Columbia University Law School, said in an interview with China Business News:This case is special. "First, the defendant is a potential Republican presidential candidate in the 2024 U.S. election, and his identity is sensitive. Second, the New York State prosecutors accused Trump of exaggerating his net worth and defrauding financial institutions. However, no financial institution has currently filed a lawsuit against Trump." He analyzed.

Shang Xiefu has been engaged in civil litigation in the United States for 15 years. He predicts that if Trump is convicted at the end of the year, he (Trump) may appeal to the Court of Appeal, and the outcome of the appeal may overturn the New York State Court's decision.


According to Xinhua News Agency, New York State Court Judge Arthur Engoron ruled on September 26 that New York State Attorney General James’ core accusations of financial fraud against Trump, others and the Trump Organization in order to obtain financial benefits, such as inflating the valuation of their real estate assets, were valid. The trial of six other accusations made by James against Trump will begin on October 2.

New York prosecutors are seeking at least $250 million in damages and to prevent the family from operating businesses in New York state. Ngoron predicted on October 2 that the above-mentioned trial would end at the end of December. There is no jury in the case and the verdict will be determined by a judge.


A staff member of the U.S. District Court told China Business News that the case was controversial and attracted a lot of attention. "As members of the legal profession, on the one hand, we hope that the proceedings can be as open as possible so that the public can understand how the court operates. On the other hand, we also hope that the judgment will be fair and complete. As for the final judgment, we hope that the public can fully understand the judge's intentions."


Trump served as President of the United States from January 2017 to January 2021. In November 2022, the 76-year-old Trump announced his participation in the 2024 US presidential election.

In addition to the above-mentioned fraud cases, Trump is also involved in other important cases such as confidential documents cases, election interference cases, and bribery cases. Shang Xiefu told China Business News that Trump is the first former president to be criminally charged in U.S. history and the first former president to be prosecuted by the government.