"NYAG Accuses Trump of Inflating Net Worth by $2.2 Billion in Fraud Case"

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Source: ABC News
"NYAG Accuses Trump of Inflating Net Worth by $2.2 Billion in Fraud Case"
Photo: ABC News
TL;DR Summary

The New York attorney general has filed a motion for summary judgment in a $250 million lawsuit against former President Donald Trump, alleging that he routinely inflated his net worth by more than $2 billion. The court filing claims that Trump presented grossly inflated asset values in financial statements, which were then used to defraud banks and insurers. The attorney general's office also highlighted instances where Trump overvalued his properties, including his Florida Mar-a-Lago estate, and inflated the value of his golf clubs and unsold condominium units. The trial is set to begin in October, and Trump's legal team is expected to oppose the motion for summary judgment.

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