Donald Trump has been misleading banks by inflating his wealth by billions of dollars for years. He wanted to make better deals with those banks. New York Attorney General Letitia James says this is clear from court documents.
James says he has a “mountain of evidence” that the former US president misled banks with accounting tricks. Between 2011 and 2021, it would have overstated its assets by $1.9 billion (1.8 billion euros) to $3.6 billion (3.4 billion euros).
James asked the New York court to hold Trump responsible for this. She wants this to happen before October, because it could impact a substantive case against Trump that would be filed then. In this case, James is demanding that Trump, his two eldest sons, and his company repay the government $250 million, and ban Trump from ever running a business in New York State again.
A Trump spokesman denies the new accusations: “As we will prove in court, the Attorney General’s case is seriously flawed and her calculations are completely incorrect.” Meanwhile, James talks about a “conservative estimate.”
Presidential elections are scheduled to be held in the United States in November next year. In the lead up to that, Trump, who has officially run, must deal with several legal issues.
