April 15, 2024

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Donald Trump accused of overestimating his wealth every year between 2011 and 2021

Donald Trump accused of overestimating his wealth every year between 2011 and 2021

A former White House tenant has been accused of “deliberately” manipulating the valuation of Trump Organization assets over ten years.

Donald Trump, who is seeking re-election as president of the United States, was accused by New York courts on Wednesday of overstating his assets by “billions of dollars” each year from 2011 to 2021, as part of a civil complaint. 2022 for fraud.

New York State Attorney General Letitia James sent hundreds of pages of charging documents to the local Supreme Court to support a civil complaint she filed in September 2022 seeking $250 million in damages from Donald Trump and his group, the Trump Organization, for tax and financial fraud against her children. .

Magistrate Letitia James, elected from the Democratic Party, accused the Republican billionaire and his children of “deliberately” manipulating the valuation of the group’s assets (golf clubs, luxury hotels and other assets). from banks or to reduce their taxes.

A civil trial is scheduled for October 2 in New York, following a preliminary hearing in state Supreme Court on September 22.

Including when Trump was in the White House

In court documents released by the services of Letitia James, the prosecution estimated that Donald Trump “overstated his financial situation by between 17% and 39%” each year between 2011 and 2021 (including when he was in the White House from 2017 to 2021). $812 million and $2.2 billion each year.”

“Since at least 2011, the Trump Organization defendants and others working for them have falsely inflated the value of their assets recorded in Donald J. Trump’s annual financial disclosures by billions of dollars,” the attorneys write to the Yorkers.

“Faced with this undisputed evidence, the court does not need a hearing to determine that defendants have substantially inflated the value of their properties,” the services of Letitia James said in a court filing.

Last January, the Trump Organization was already convicted in New York, but fined the maximum $1.6 million under criminal law for financial and tax fraud.

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This fall’s civil trial, if it happens, promises to be very exciting, ahead of all the 2024 trials for Donald Trump, who hopes to return to the White House on January 20, 2025. James, Donald Trump has often condemned the “ridiculous” case presided over by a “racist” African-American magistrate.

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