Trump fraudulently inflated his net worth by billions of dollars, New York AG says
Trump fraudulently inflated his net worth by billions of dollars, New York AG says
The estimates came in newly unsealed court filings ahead of an October trial in which Trump and his business empire are accused of fraud.
Donald Trump fraudulently inflated his net worth by as much as $2.2 billion per year, New York officials said in court filings unsealed Wednesday ahead of his upcoming civil fraud trial.
The new estimates came in filings from the New York state attorney general’s office, which is suing Trump, some of his adult children and his business empire for falsifying his net worth in an effort to obtain favorable terms from banks and insurance companies. The trial is set to begin Oct. 2.
This certainly explains why he needs broke ass dumbasses to pay his legal fees for him.
So much winning!
Is there anything that Trump doesn’t fraudulently inflate about himself?
His weight
His hands.
So if he claimed it was 2.5 billion, but is inflated by 2.2 billion, his net worth is more like 300 million?
In other words, substantially less than he inherited from his father.
How dare you use woke math against him!
h, saying he falsely boosted it by between $812 million to $2.2 billion (or 17-39%) in each year from 2011 to 2021.
More like he's worth about 2.5B but he was telling banks he was worth 5.
Forbes counts 550m for truth.social, which is a ridiculously high valuation. The rest is mainly ties up in NY real estate, which is struggling. He's not poor by any means, but 2.5B is still a massive overvaluation most likely. Count his liabilities (1B in debts as of 2020) and I doubt he breaks a billion.
We need to know trump's actual net worth right before his first campaign launched.
I'm betting it isn't much higher than 50k
Seriously how did anyone think this guy was wealthy? I have a rat who has more business acumen than that idiot. That's been true since the apprentice days.
Wasn't there a guy once who managed to become a multi-millionaire by just claiming to already be a millionaire and getting favourable bank loans?
Why are the banks not checking this shit. What's the point in them.
I'm betting it isn't much higher than 50k
lol if you hate the guy you could just go with negative numbers instead.
it's not uncommon for rich people to go into the negative millions when their investments go belly up.
Any chance that some of the lenders might sue him as well, for falsifying his application?
Isn't this what Anna Sorokin went to jail for?
More indictments on the way?
This is a civil case, so no
Sure but is financial fraud not a crime? Why not charge him criminally if he has been demonstrably fraudulent? I'm not a lawyer and I guess I don't really understand.
To the surprise of no one.
