{"id":17580,"date":"2023-09-09T00:44:07","date_gmt":"2023-09-09T00:44:07","guid":{"rendered":"https:\/\/sasquatchnewsonline.com\/?p=17580"},"modified":"2023-09-09T00:44:07","modified_gmt":"2023-09-09T00:44:07","slug":"ny-ag-letitia-james-alleges-trump-overstated-his-net-worth-by-billions-of-dollars-despite-previous-report-that-revealed-trump-undervalued-assets","status":"publish","type":"post","link":"https:\/\/sasquatchnewsonline.com\/?p=17580","title":{"rendered":"NY AG Letitia James Alleges Trump Overstated His Net Worth by Billions of Dollars Despite Previous Report That Revealed Trump Undervalued Assets"},"content":{"rendered":"

The old saying goes, \u201cif you torture the data long enough, it will confess to anything.\u201d<\/p>\n

New York Attorney General Letitia James alleged Trump overstated his net worth by billions of dollars to obtain loans, get insurance benefits and manipulate taxes.<\/p>\n

A previous report <\/a>found that Trump actually undervalued his assets.<\/p>\n

Letitia James in September\u00a0announced\u00a0<\/a>a lawsuit against former President Donald Trump and his family.<\/p>\n

AG James has been investigating whether the Trump Organization inflated the values of some of its properties.<\/p>\n

Letitia James said her office is seeking to:<\/p>\n

Make Trump pay $250 million.
\nBan the Trumps from running NY businesses for good.
\nBan Trump and Trump Org from buying commercial real estate in NY for 5 yrs.
\nWe\u2019re making a criminal referral to the US Department of Justice<\/p>\n

\u201cWith the help of Donald Jr., Eric, Ivanka, and other defendants, Trump variously unlawfully inflated and deflated his net worth by billions to obtain and satisfy loans, get insurance benefits, and pay lower taxes. In short, he lied to gain massive financial benefits for himself,\u201d Letitia James said in September.<\/p>\n

\u201cWe found that Trump, his family, and the Trump Org used fraudulent and misleading asset valuations over 200 times in 10 years on his annual financial statements. These statements were then used to obtain hundreds of millions of dollars in loans and insurance coverage,\u2019 she added.<\/p>\n

Letitia James claimed in a court filing on Friday that Trump overstated his net worth between 2011 and 2021.<\/p>\n\n

The case is going to trial on October 2.<\/p>\n

CNBC reported<\/a>:<\/p>\n

Former President Donald Trump\u2019s net worth was inflated by billions of dollars more than what the New York attorney general\u2019s office initially found to be the case, Attorney General Letitia James said in a new court filing Friday.<\/p>\n

Citing an extensive analysis by valuation and accounting experts, James\u2019 office found that Trump\u2019s net worth in any given year between 2011 and 2021 was overstated by $1.9 billion to $3.6 billion.<\/p>\n

This new, larger number is \u201cstill a conservative estimate,\u201d James wrote in the Friday filing, because those experts accepted at face value many of the elements of Trump\u2019s financial statements \u201cthat would otherwise be rejected in a full-blown appraisal review.\u201d<\/p>\n

The post NY AG Letitia James Alleges Trump Overstated His Net Worth by Billions of Dollars Despite Previous Report That Revealed Trump Undervalued Assets<\/a> appeared first on The Gateway Pundit<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The old saying goes, \u201cif you torture the data long enough, it will confess to anything.\u201d New York<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-17580","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nNY AG Letitia James Alleges Trump Overstated His Net Worth by Billions of Dollars Despite Previous Report That Revealed Trump Undervalued Assets - Sasquatch News Online<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sasquatchnewsonline.com\/?p=17580\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NY AG Letitia James Alleges Trump Overstated His Net Worth by Billions of Dollars Despite Previous Report That Revealed Trump Undervalued Assets - 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