{"id":2017399,"date":"2023-08-30T20:59:02","date_gmt":"2023-08-31T00:59:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/letitia-james-says-trump-inflated-his-net-worth-by-billions-in-new-court-documents\/"},"modified":"2023-08-30T21:01:02","modified_gmt":"2023-08-31T01:01:02","slug":"letitia-james-says-trump-inflated-his-net-worth-by-billions-in-new-court-documents","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/letitia-james-says-trump-inflated-his-net-worth-by-billions-in-new-court-documents\/","title":{"rendered":"Letitia James claims Trump exaggerated his net worth by billions in recent court filings."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fletitia-james-says-trump-inflated-his-net-worth-by-billions-in-new-court-documents%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2017399&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>New York Attorney\u200b General Accuses \u2063Donald Trump of Inflating Net Worth by Billions<\/h2>\n<p>In a bombshell revelation, New \u200dYork Attorney \u2063General Letitia James has filed new court documents\u2064 claiming that former\u200c President Donald Trump\u200d and \u200bhis associates \u200bengaged in a \u2062<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fbi-investigating-massive-fraud-in-nonprofits-purportedly-providing-food-for-children-using-covid-19-funds\/\" title=\"FBI Investigating \u2018Massive Fraud\u2019 In Nonprofits Purportedly Providing Food For Children Using COVID-19 Funds\">massive fraud scheme<\/a>, inflating their\u200c net\u2062 worth \u2064by up to $2.225 billion. This <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/letitia-james-says-trump-inflated-his-net-worth-by-billions-in-new-court-documents\/\" title=\"Letitia James claims Trump exaggerated his net worth by billions in recent court filings.\">alleged deception\u2063 spanned<\/a> from 2011\u2062 onwards and\u2062 forms part of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mexico-publishes-heavily-edited-probe-of-exonerated-general\/\" title=\"Mexico Publishes Heavily Edited Probe of Exonerated General\">attorney general&#8217;<\/a>s extensive \u200blawsuit against Trump and his \u2063organization.<\/p>\n<blockquote>\n<p>&#8220;Since at least 2011, Defendants and others \u2064working on their behalf \u200cat the Trump Organization have falsely inflated by billions of dollars the value of many \u2064of the assets listed on Donald J. Trump\u2019s annual statement \u2062of financial condition (&#8216;SFC&#8217;), and hence his overall net worth for each of these years,&#8221; the filing stated.<\/p>\n<p>&#8220;Mr.\u200c Trump, and in some\u200b years the \u200dtrustees of his \u2063revocable trust,\u200d submitted these \u2063grossly inflated\u2063 SFCs to banks and insurers to secure \u200band maintain loans and insurance \u200don more\u2064 favorable terms, reaping hundreds \u2064of millions of dollars\u2064 in ill-gotten \u2063savings\u200b and \u200dprofits,&#8221; it added.<\/p>\n<p>&#8220;To adjudicate \u2064this claim, the Court need answer \u2063only two simple and straightforward questions: (1) were the SFCs from 2011 to 2021 false\u2064 or misleading; and (2) did \u2062Defendants repeatedly or persistently use the SFCs in the conduct of business \u2063transactions?&#8221; \u2062it continued. &#8220;The answer to both questions is a resounding &#8216;yes&#8217; based on the \u200cmountain of undisputed evidence cited in Plaintiff\u2019s accompanying 202.8-g Statement.&#8221;<\/p>\n<\/blockquote>\n<p>According \u200dto James,\u2062 this\u200b fraudulent \u200cactivity followed a consistent pattern. She stated, \u200c&#8221;Defendants followed\u200c the same procedure each year \u200cto\u200d create false and \u2063misleading SFCs.&#8221; \u200cThe \u200battorney general is seeking $250 million in\u200d damages and \u200bhas included Donald Trump\u200d Jr. and Eric Trump in the lawsuit, although Ivanka Trump\u2063 has been dismissed from the case.<\/p>\n<p>Unsurprisingly, Donald Trump&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ken-paxton-impeachment-investigation-expands-into-attorney-generals-real-estate-spending\/\" title=\"Ken Paxton impeachment investigation expands into attorney general's real estate spending\">attorneys vehemently deny<\/a> the charges, asserting his innocence. In a\u2062 joint motion, they stated, &#8220;Despite these \u200dundisputed facts, and despite herself admitting herein President Trump is a\u2063 successful billionaire even by\u200c her own manipulated standards, the NYAG has spent \u2064considerable time and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/atomic-bomb-lab-studying-ways-to-combat-misinformation-including-covid-lab-leak-theory\/\" title=\"Atomic Bomb Lab Studying Ways To \u2018Combat\u2019 \u2018Misinformation\u2019 Including COVID Lab-Leak Theory\">taxpayer dollars chasing<\/a> after President Trump by\u200c wading into wholly\u2063 private, and \u2062successfully consummated, commercial agreements \u2014 the provisions \u2062of which have been fully \u200csatisfied \u2014 between highly sophisticated parties.&#8221;<\/p>\n<h3>Upcoming Trial<\/h3>\n<p>The trial is\u200c scheduled to commence on October 2nd, where the court will examine the \u2062evidence and determine the validity of \u200cthe allegations made\u200d by\u2063 the\u2064 New York Attorney General.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\">CLICK HERE FOR MORE \u200bFROM THE WASHINGTON \u200dEXAMINER<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York AG Letitia James alleges ex-President Trump exaggerated his net worth by billions in recent court filings. These documents are part of a wide-ranging lawsuit against Trump and his organization. James asserts that Trump and his associates artificially inflated their net worth by a significant margin.<\/p>\n","protected":false},"author":1,"featured_media":2017400,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2017399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2017399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2017399"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2017399\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2017400"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2017399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2017399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2017399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}