Former US President Donald Trump may have inflated his net worth more than previously believed, New York State Attorney General Letitia James said. This was reported by Reuters.
As stated in the statement, it is quite possible that Mr. Trump has “added” to his wealth in the range of $ 1.9 to $ 3.6 billion annually over the last 10 years. Previously, this was an exaggeration of $ 812 million annually – $ 2.23 billion
According to prosecutor James, “mountains of evidence” show that Donald Trump and his friends and associates lied about the size of their assets and wealth to obtain better terms on loans and insurance. Prosecutors believe that it is quite possible to conclude that Donald Trump’s financial statements are fake, based on the available evidence, without waiting for the hearing on this issue, which is scheduled for October 2. The prosecutor ordered a $250 million fine for Mr. Trump, as well as a $250 million fine for him and their son, Donald Trump Jr. and wants Eric Trump to be barred from running his family business, the Trump Organization.
Donald Trump’s lawyers said their client was “undoubtedly worth billions of dollars” but “there was no fraud and he was not a victim.” In addition, the lawyers accused the Attorney General of “insulting, humiliating and slandering” the former American president with the lawsuit he allegedly filed for political gain.
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