Trump Inflated Property Values by Up to $2.2 Billion, New York A.G. Says

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BidenPresident

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Before Donald J. Trump was indicted four times over, he was sued by New York’s attorney general, who said that for years the former president, his business and members of his family had fraudulently overvalued their assets by billions of dollars.

Before any of those criminal trials will take place, Mr. Trump is scheduled for a civil trial in New York in October. During the trial, the attorney general, Letitia James, will seek to bar him and three of his children from leading their family business, the Trump Organization, and to require him to pay a fine of around $250 million.

On Wednesday, Ms. James fired an opening salvo, arguing that a trial is not necessary to find that Mr. Trump and the other defendants inflated the value of their assets in annual financial statements, fraudulently obtaining favorable loans and insurance arrangements.

https://www.nytimes.com/2023/08/30/nyregion/trump-james-civil-lawsuit-trial.html
 
On Wednesday, Ms. James fired an opening salvo, arguing that a trial is not necessary to find that Mr. Trump and the other defendants inflated the value of their assets in annual financial statements, fraudulently obtaining favorable loans and insurance arrangements.

The fraud was so pervasive, she said in a court filing, that Mr. Trump had falsely boosted his net worth by between $812 million and $2.2 billion each year over the course of a decade.

https://www.nytimes.com/2023/08/30/nyregion/trump-james-civil-lawsuit-trial.html
 
Mr. Trump invoked his constitutional right against self-incrimination when initially questioned by the attorney general’s office last year. But he answered Ms. James’s questions in a deposition in April, the transcript of which was unsealed on Wednesday.

Many of his answers were non sequiturs and recycled political grievances. But occasionally he did respond substantively to questions from Kevin Wallace, a senior enforcement counsel in Ms. James’s office.

At one point, Mr. Wallace asked the former president whether he was aware of any instances in which an accountant had identified fraud at the Trump Organization.

“Not often. I don’t — I don’t know; not often,” Mr. Trump responded.

Mr. Wallace followed up, asking if Mr. Trump remembered specifics.

“Not — I mean, not — I can check, but not that I know of,” the former president replied. “Normally that wouldn’t be brought to me.”

https://www.nytimes.com/2023/08/30/nyregion/trump-james-civil-lawsuit-trial.html
 
When Cohen was being charged, he said Trump overvalued his property when he was getting loans and undervalued when he was paying taxes Not by a little, but by multiples. When a guy runs for president, I expect him to be honest for 4 years and pay his damn taxes. Trump continues to cheat.
 
Nordberg said:
When Cohen was being charged, he said Trump overvalued his property when he was getting loans and undervalued when he was paying taxes Not by a little, but by multiples. When a guy runs for president, I expect him to be honest for 4 years and pay his damn taxes. Trump continues to cheat.
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Amazing some admire Trump because he gets away with crimes.
 
Nordberg said:
When Cohen was being charged, he said Trump overvalued his property when he was getting loans and undervalued when he was paying taxes Not by a little, but by multiples. When a guy runs for president, I expect him to be honest for 4 years and pay his damn taxes. Trump continues to cheat.
Click to expand...

please, cite the statute which he has violated.......or, alternatively, shut the fuck up......
 
BidenPresident said:
Before Donald J. Trump was indicted four times over, he was sued by New York’s attorney general, who said that for years the former president, his business and members of his family had fraudulently overvalued their assets by billions of dollars.

Before any of those criminal trials will take place, Mr. Trump is scheduled for a civil trial in New York in October. During the trial, the attorney general, Letitia James, will seek to bar him and three of his children from leading their family business, the Trump Organization, and to require him to pay a fine of around $250 million.

On Wednesday, Ms. James fired an opening salvo, arguing that a trial is not necessary to find that Mr. Trump and the other defendants inflated the value of their assets in annual financial statements, fraudulently obtaining favorable loans and insurance arrangements.

https://www.nytimes.com/2023/08/30/nyregion/trump-james-civil-lawsuit-trial.html
Click to expand...

Any financial institution stupid enough to do business without independently verifying values deserves to get screwed.
 
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