The estimates came in newly unsealed court filings ahead of an October trial in which Trump and his business empire are accused of fraud.

Donald Trump fraudulently inflated his net worth by as much as $2.2 billion per year, New York officials said in court filings unsealed Wednesday ahead of his upcoming civil fraud trial.

The new estimates came in filings from the New York state attorney general’s office, which is suing Trump, some of his adult children and his business empire for falsifying his net worth in an effort to obtain favorable terms from banks and insurance companies. The trial is set to begin Oct. 2.

  • Echo Dot@feddit.uk
    17·
    1 year ago

    I’m betting it isn’t much higher than 50k

    Seriously how did anyone think this guy was wealthy? I have a rat who has more business acumen than that idiot. That’s been true since the apprentice days.

    Wasn’t there a guy once who managed to become a multi-millionaire by just claiming to already be a millionaire and getting favourable bank loans?

    Why are the banks not checking this shit. What’s the point in them.

    • anonono@lemmy.world
      3·
      1 year ago

      I’m betting it isn’t much higher than 50k

      lol if you hate the guy you could just go with negative numbers instead.

      it’s not uncommon for rich people to go into the negative millions when their investments go belly up.