A court filing by New York Attorney General Letitia James says that the former president inflated his net worth by up to $2.2 billion each year for a decade.
Former President Donald Trump is being accused of inflating his net worth by up to $2.2 billion per year by New York State Attorney General Letitia James.
James filed a $250 million civil lawsuit against The Trump Organization, the ex-president and three of his adult children last year, accusing them of misrepresenting business assets to obtain favorable loans and tax benefits. An appeals court decision removed the former president’s daughter Ivanka Trump from the list of defendants in June.
In a court filing on Wednesday, James said that the evidence against Trump was so strong that a trial, set to begin in October, was not needed for the court to determine guilt of fraud. The motion for summary judgment argues that „undisputed evidence“ shows „that defendants presented grossly and materially inflated asset values“ from 2011 to 2021.
„Since at least 2011, Defendants and others working on their behalf at the Trump Organization have falsely inflated by billions of dollars the value of many of the assets listed on Donald J.
