Former President Donald Trump and his company allegedly inflated the value of his assets by as much as $2.2 billion, according to a recent court filing by New York’s Attorney General, Letitia James. The assertion was made as part of an urging effort to have the former president found liable for fraud before a trial which is slated to begin in October.
The claim includes what the Attorney General’s office refers to as “undisputed” evidence of inflated values from 2011 to 2021, so pronounced that they believe the state should be granted summary judgment in its 2022 lawsuit. This suit alleges persistent and repetitive fraud by Trump and his company, the Trump Organization.
In response to these allegations, Trump has contended that he has been ‘less involved with real estate’ since 2015, raising questions about the period of time over which these allegations span. However, the state’s claim to find Trump liable prior to a full civil trial marks an assertive approach from the Attorney General’s office, raising the stakes in this highly-anticipated legal face-off.
The full scope and potential consequences of these allegations are yet to be fully determined. However, as the case proceeds through the courts, there will undoubtedly be significant legal implications for Trump and his organization.
To access the original court filing and more detailed information about the case, visit Bloomberg Law.