May 24, 2024

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Trump accused of increasing his wealth by ‘billions of dollars’ from 2011 to 2021

Trump accused of increasing his wealth by ‘billions of dollars’ from 2011 to 2021

The former president of the United States has been accused of lying, sometimes up and sometimes down, to get favorable conditions for taxes or loans from banks.

Donald Trump, who wants to be re-elected as the president of the United States, has been accused by a New York judge since Wednesday, August 31, of exaggeration by many. “Billion Dollars” Every year from 2011 to 2021, his assets on the background of a civil complaint for fraud in 2022.

New York State Attorney General (equivalent to a regional attorney general) Letitia James has filed hundreds of pages of charging documents in local Supreme Court to support a civil lawsuit she filed in September 2022 seeking $250 million in damages from Donald Trump, his children and their children. Trump Organization Committee on Tax and Financial Fraud.

Civil trial from October 2

Magistrate Letitia James, a Democrat who was elected, accused the Republican billionaire and his children. “on purpose” Valuations of the group’s assets — golf clubs, luxury hotels and other assets — are manipulated to get better loans from banks or lower their taxes. Following a preliminary hearing in state Supreme Court on September 22, a civil trial is scheduled for October 2 in New York.

In court documents released by the services of Letitia James, the prosecution believes Donald Trump overstated his financial situation every year between 2011 and 2021 — so even when he was in the White House from 2017 to 2021 — “Between 17% and 39%, or between $812 million and $2.2 billion.” Every year.

“Irrefutable Evidence”

“Since at least 2011, the Trump Organization defendants and others working for them have falsely inflated the value of their assets recorded in Donald J. Trump’s annual financial statements by billions of dollars”New York lawyers write. “Faced with this compelling evidence, the court need not hold a hearing to determine that defendants substantially inflated the value of their properties.”Rate the services of Letitia James in court filing.

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Last January, the Trump Organization was already convicted in New York — but not guilty — of financial and tax fraud and fined a maximum of $1.6 million. Donald Trump, who expects to return to the White House on January 20, 2025, promises to be even more spectacular if conducted ahead of any test that awaits in 2024. Trump has often denounced a lawsuit “absurd” Presided over by an African-American magistrate “Racism”.