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New York Attorney General Letitia James’ lawsuit alleges Trump and top executives at his company, the Trump Organization, conspired to pad his net worth by billions of dollars on financial statements given to banks, insurers, and others to make deals and secure loans.
In a pretrial court filing, James’ office estimated that Trump exaggerated his wealth by as much as $3.6 billion. State lawyers contend Trump used the inflated numbers to get lower insurance premiums and favorable loan terms, saving at least $168 million on interest alone.
They’re seeking the return of more than $300 million of what they say are ill-gotten gains and a ban on Trump and other defendants from doing business in New York. Because it is a civil case, there is no possibility of prison time.
The lawsuit, which cuts to the heart of Trump’s image as a wealthy and successful businessman, went to trial in New York in October. Trump testified on Nov. 6. His three eldest children, Don Jr., Eric, and Ivanka, also testified. Closing arguments are expected in mid-to-late December.
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James' World 2 
Dec 30, 2023 @ 08:03:42
Trump is a liar
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Dec 30, 2023 @ 08:06:44
Enlighten everyone you know!
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