Axiom….
Donald J. Trump has a BIG problem with telling the TRUTH about much of anything….
The New York Attorney genberal Tish James is suing Trump & Co, for as much as $250 Million for fraud….
This trial is due to start early next month….
Former President Donald Trump’s net worth was inflated by billions of dollars more than what the New York attorney general’s office recently believed to be the case, the AG said in a new court filing Friday.
Citing an analysis by valuation and accounting experts and taking into account other adjustments, the AG alleged that Trump’s net worth in any given year between 2011 and 2021 was overstated by $1.9 billion to $3.6 billion.
That is “still a conservative estimate,” New York Attorney General Letitia James alleged in the filing, because those valuation experts still accepted many of the assumptions used by the defendants in their annual financial statements.
James made the new claims in a filing opposing Trump’s request for a summary judgment in his favor in the AG’s sweeping civil fraud lawsuit against the former president, his adult sons and his businesses.
James is suing Trump and his co-defendants for allegedly defrauding banks, insurance companies and others to obtain better tax and loan terms for the Trump Organization. The prosecutor is seeking $250 million in damages….
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Based on the expert analyses, Trump’s net worth reported in his statements of financial condition was inflated by $3 billion or more for seven years straight, starting in 2013, the court filing alleged.
The case is set to head to trial on Oct. 2, becoming Trump’s first trial since he left the White House in 2021.
On Wednesday, Judge Arthur Engoron rejected Trump’s bid to delay the trial, calling the request “completely without merit.”…
Note…
A loss in this case for Trump will NOT change most his loyal supporters favoring him…
It SHOULD hurt Trump with Democrats and Swing voters…
Would the IRS follow up on a fraud finding?…..