The attorney general’s office said their valuation and accounting experts determined that “Mr. Trump’s net worth in any year between 2011 and 2021 would be no more than $2.6 billion, rather than th…
Donald Trump inflated his net worth by as much as $2.2 billion in one year, lawyers for the New York attorney general’s office alleged as part of theirOver a 10-year period, the attorney general’s office said that when it corrects the Trump financial statements for alleged misvaluations it “reduces Mr. Trump’s net worth by between 17-39% in each year, or between $812 million to $2.2 billion, depending on the year.” The $2.2 billion disparity came in 2014, the state said.
Trump’s lawyers responded with a court filing arguing that the case should be dismissed, asserting that the Trump Organization’s financial statements were not misleading. Trump and others have denied any wrongdoing. Trump’s lawyers said in a court filing that the Trump Organization’s financial statements were not misleading and it never missed a loan payment, arguing the judge should dismiss the attorney general’s fraud lawsuit since no parties were harmed.
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