Donald Trump increased his net worth by at least $3.6 billion a year, New York Attorney General Letitia James charged in a court filing on Friday, a much higher level of alleged book-tampering than previously exposed in documents. judicial.
The disclosure of the court filing comes as trial looms in the state’s $250 million fraud lawsuit against Trump and his company.
According to James’ office, the adjustments in net worth by the former president, the Trump Organization, and Eric and Donald Trump Jr. allegedly allowed them to defraud lenders out of “hundreds of millions of dollars” — and was “actually much higher than that.” ” than what James exposed in court documents last month accusing Trump of inflating the value of his assets by as much as $2.2 billion a year.
Last month, James’ office had relied on what it called “indisputable evidence” about Trump’s alleged decade-long lies on financial disclosure forms to secure favorable interest rates from banks, including falsely claiming that his Triplex penthouse in Midtown’s Trump Tower was 33,000 square feet. when in reality it was closer to 11,000 square feet.
But in Friday’s explosive filing in Manhattan Supreme Court, the attorney general said the office has accounting experts ready to testify at trial in October that Trump, his family and his company overstated the value of their various assets “in billions more.”
New York Attorney General Letitia James said her office has experts ready to testify that Trump inflated his assets by at least $3.6 billion a year.Robert Miller
The new allegations are based on what James’ office called typical “methodologies” that an informed real estate buyer and seller would take into account when calculating a property’s value.
The harsh blow drew an immediate response from the Trump camp, which responded with its own dossier released Friday morning, calling the attorney general’s lawsuit a “crusade” against the Trump family and claiming that many of the claims of James should prescribe. because the statute of limitations for them has expired.
“In the New York Attorney General’s obsessive-compulsive attempt to ‘get’ President Trump, she even continues to unfairly drag down his sons Eric Trump and Donald Trump, Jr.,” Trump’s lawyers wrote.
“It is time for the court to end this crusade by dismissing this action in its entirety,” Trump’s lawyers added.
Trump’s lawyers called the attorney general’s lawsuit a “crusade” against the former president and his family.Getty Images
James’ office has urged Manhattan Supreme Court Justice Arthur Engoron to issue a pretrial ruling in his favor on allegations that Trump, his family and his company committed fraud, falsified financial records and made false entries. in business documents, among other accusations.
The lawsuit aims to force Trump to repay the state millions in fines, stop Trump’s ability to run businesses in New York and bar him and his team from buying commercial property for several years.
James has also urged the court to penalize Trump’s legal team $20,000 for making “frivolous” arguments.
Both sides are due back in court for a hearing on September 22.
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Source: vtt.edu.vn