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 their civil fraud lawsuit against the former president, his adult sons and the Trump Organization.

Over 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.

  • radix@lemmy.world
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    1 year ago

    Trump: I’m a multi-billionaire.

    Also Trump: Contribute to my legal defense fund, please!

    It’s not even a good grift. It doesn’t say anything good about the people falling for it.

  • afraid_of_zombies@lemmy.world
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    1 year ago

    The IRS once sent me a notice that I underpaid my taxes by two hundred dollars three years prior.

    I am glad they have their priorities straight.

  • HejMedDig@feddit.dk
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    1 year ago

    “Trump lawyers argued that there was no intent to defraud lenders or insurers and the statements contained caveats explaining that they were unaudited and departed from Generally Accepted Accounting Principles”

    so other words for "We just made up some numbers "