New York’s attorney general has accused former President Donald Trump of fraudulently inflating the value of his real estate assets by $3.6 billion between 2011 and 2021. The revised cost was announced this Friday, and according to Letitia James, it is a “conservative estimate.”
When she announced the case against the former president last September, New York’s attorney general estimated the deliberate overvaluation of Trump’s real estate group’s assets at about $2.2 billion. However, a new calculation, updated to reflect current market values and practices, has caused authorities to adjust this value to $3.6 billion (€3.36 billion).
Trump and his two sons, Eric Trump and Donald Jr., will begin trial Oct. 2 on real estate and tax fraud charges in a civil case brought by James, who sued the Trump Organization for $250 million.
Author: Ricardo Ramos
Source: CM Jornal
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