NEW YORK: A civil trial over allegations that Donald Trump and his sons fraudulently overvalued the net worth of company assets by billions of dollars...
Trump stickers featuring his mug shot are displayed for sale at the Y-Que shop in Los Angeles, California on August 30, 2023. AFPPIX: A civil trial over allegations that Donald Trump and his sons fraudulently overvalued the net worth of company assets by billions of dollars is scheduled to last three months, a New York judge said Friday.
James claimed Trump and some of his associates submitted “grossly inflated” numbers to banks and insurers each year between 2011 and 2021 “to secure and maintain loans and insurance on more favorable terms.” Trump and his children also stand accused of deflating the value of certain Trump Organization assets -- including golf clubs, luxury hotels and other properties -- to reduce taxes.
Trump has in the past denounced the case as a “witch hunt,“ calling James, who is a Democrat and Black, “racist.”
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