Trump fraudulently inflated his net worth by billions of dollars, New York AG says
The estimates came in newly unsealed court filings ahead of an October trial in which Trump and his business empire are accused of fraud.
NEW YORK — Donald Trump fraudulently inflated his net worth by as much as $2.2 billion per year, New York officials said in court filings unsealed Wednesday ahead of his upcoming civil fraud trial.
The new estimates came in filings from the New York state attorney general’s office, which is suing Trump, some of his adult children and his business empire for falsifying his net worth in an effort to obtain favorable terms from banks and insurance companies. The trial is set to begin Oct. 2.
As part of its motion for partial summary judgment in the case, the attorney general’s office provided an estimated range of how much Trump had fraudulently inflated his net worth, saying he falsely boosted it by between $812 million to $2.2 billion (or 17-39%) in each year from 2011 to 2021.
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Trump fraudulently inflated his net worth by billions of dollars, New York AG says https://t.co/5LqkRq6vVU
— POLITICO (@politico) August 30, 2023
Trump pushes back on allegations he inflated net worth, claims he was defamed https://t.co/GAsYr9ADWd pic.twitter.com/ymDtvDzt3H
— The Hill (@thehill) September 1, 2023
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