Donald Trump inflated his net worth by as much as $2.2 billion|New York AG’s

#donaldtrump #ags #news #newyork #Billion #usa New York Attorney General Letitia James has sued former President Donald Trump and his family business, the Trump Organization, alleging that they engaged in a “pattern of misleading“ conduct to inflate Trump’s net worth by as much as $2.2 billion. The lawsuit, filed in New York Supreme Court, accuses Trump and the Trump Organization of inflating the value of their assets in financial statements to obtain favorable loans and insurance coverage. The lawsuit also alleges that Trump and the Trump Organization deflated the value of their assets to avoid paying taxes. James is seeking $250 million in damages and to bar Trump and his children from serving as officers or directors of any business registered in New York state. Trump has denied the allegations, calling the lawsuit “a political witch hunt.“ He has also filed a lawsuit against James, alleging that she is biased against him and has abused her power.