New York state's attorney general on Friday said Donald Trump may have fraudulently inflated his fortune by far more than previously thought, her latest salvo in preparation for trial in her civil lawsuit against the former U.S. president and his family business.
In a filing with a New York state court in Manhattan, Attorney General Letitia James said her valuation and accounting experts believe Trump falsely boosted his net worth by between $1.9 billion and $3.6 billion a year over a decade.last week based on what she called "undisputed" evidence - which Trump disputes.
The attorney general wants a $250 million fine, and to bar Trump and his sons Donald Trump Jr. and Eric Trump from leading their family business, the New York City-based Trump Organization.They said Trump was "without question, worth many billions of dollars," and had even made "substantial sums of money" for the companies that financed and insured the real estate properties in his "phenomenal corporate empire.
His rulings could narrow the scope or, if Trump wins, eliminate the need for a trial, which could run until just before Christmas.that Trump faces, including two for attempting to overturn his 2020 election loss to Democrat Joe Biden. Trump has pleaded not guilty in all four criminal cases. Citing her experts, James said Trump may have inflated his net worth by $3.5 billion to $3.6 billion every year from 2014 to 2019, the last three while Trump was in the White House.
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