New York AG’s office alleges Trump inflated his net worth by as much as $2

New York AG’s office alleges Trump inflated his net worth by as much as $2

The new allegations were made in a partial summary judgment motion made public Wednesday by New York Attorney General Letitia James a Democrat . Over a year period the attorney generals office said that when it corrects the Trump financial statements for alleged misvaluations it reduces Mr. Trumps net worth by between in each year or between million to . billion depending on the year . Trumps lawyers responded with a court filing arguing that the case should be dismissed asserting that the Trump Organizations financial statements were not misleading . Trump said the Trump Organization financial statements had a worthless clause in them warning lenders and others that they shouldnt be relied on and that he had very little if any involvement in putting them together according to a newly released deposition . The deposition has not been made public until now as part of legal challenges to the lawsuit which is set to go to go in October . The judge is not expected to rule on the motions until just before the trial . Trump and others have denied any wrongdoing. Trump said 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 . In the deposition Trump was asked about the valuations given to his apartment at Trump Tower MaraLago and other properties and golf courses valuations . The lawyer said he never went into it very much I paid less credence to this type of ‘but I think he looked at it. But I think I never went through it very far into it. I think it was maybe forget about it very quickly and I don’t forget you forget about some of the facts. But he didn’ve had an outline in some of it’s like an outline of the statements’. I’m

khawajausman

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Read also x