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Trump is accused of “inflating” his wealth by “billions of dollars” from 2011 to 2021

Trump is accused of “inflating” his wealth by “billions of dollars” from 2011 to 2021

New York courts have accused Donald Trump, who wants re-election as president of the United States, since Wednesday of overestimating the value of his assets by “billions of dollars” every year from 2011 to 2021, as part of a complaint in a lawsuit. Civilian for fraud in 2022.

New York State Attorney General Letitia James turned over hundreds of pages of accusatory documents to the District Supreme Court in support of a civil lawsuit she filed in September 2022 seeking Mr. Trump, his children and their group, The Trump Organization, for $250 million in damages in taxes and fees. Financial fraud.

MI James, a Democratic-elected judge, accuses the Republican billionaire and his sons of “deliberately” manipulating – up and down – the valuations of the group’s assets – golf clubs, luxury hotels and other properties – to obtain better loans from banks or reduce taxes on them.

A civil trial is scheduled to take place in New York starting on October 2, after a preliminary hearing in the state Supreme Court on September 22.

In the legal documents revealed by M servicesI James, the prosecution estimates that each year between 2011 and 2021 Mr Trump overestimated his financial situation — including when he was in the White House from 2017 to 2021 — “by between 17% and 39%, or between $812m and $2.2bn.” Dollars every year.

“Since at least 2011, the defendants and others working with them in the Trump Organization have inflated the value of their assets recorded in Donald J. Trump’s annual financial disclosure by billions of dollars,” New York prosecutors wrote.

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“In the face of this overwhelming evidence, the court does not need a trial to determine that the defendants significantly inflated the value of their assets,” M Services believes.I James in the court document.

Last January, the Trump Organization was already sentenced in New York – but criminally – to a maximum fine of $1.6 million for financial and tax fraud.

It is expected that the civil trial this fall, if it takes place, will be more exciting, before all the trials in 2024 that await Donald Trump, who hopes to return to the White House on January 20, 2025.

In the event of a complaint, MI James, Mr. Trump has often condemned a “ridiculous” case led by a “racist” African-American judge.

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