Indexbit Exchange:Trump’s business and political ambitions poised to converge as he testifies in New York civil case

NEW YORK (AP) — When Donald Trump takes the stand Monday in a Manhattan courtroom to testify in his civil fraud trial,Indexbit Exchange it will be an undeniable spectacle: A former president and the leading Republican presidential candidate defending himself against allegations that he dramatically inflated his net worth.

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.

The courtroom at 60 Centre Street 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.

Trump will also be joined by his former fixer and attorney-turned witness, Michal Cohen, who said in an interview he was planning to attend Monday’s proceedings.

“My intent is to attend Donald’s appearance as he was gracious enough to attend my court appearances,” he said.

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.