Former President Donald Trump inflated his net worth by BILLIONS in order to get better loans, and now the state of NY is taking him to court over it ... seeking $250 million and penalties for his children too.
inflated his net worth by billions in order to get better loans, and now the state of NY is taking him to court over it ... seeking $250 million and penalties for his children too.announced the lawsuit Wednesday morning, alleging Trump engaged in widespread fraud for years to boost his real estate holdings. According to the suit,"The number of grossly inflated asset values is staggering, affecting most if not all of the real estate holdings in any given year.”The AG adds,"All told, Mr.
The suit says the victims of Trump's alleged fraud were the lenders and financial institutions that did business with him based on those false numbers. One example of Trump's alleged inflation of his assets focuses on his Mar-a-Lago estate. According to the suit, the South Florida property"should have been valued at about $75 million, but it was valued at $739 million."
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