NEWYORK STATE LAWSUIT ALLEGES TRUMPS INFLATED NET WORTH BY BILLIONS

September 22, 2022

EX-PRESIDENT DONALD TRUMP AND THREE OF HIS CHILDREN HAVE BEEN HIT WITH A FRAUD LAWSUIT, AFTER A NEW YORK INVESTIGATION INTO THEIR FAMILY COMPANY - THE TRUMP ORGANIZATION.


IT ALLEGES THAT THEY LIED BY BILLIONS, ABOUT THE VALUE OF THEIR REAL ESTATE, IN ORDER TO GET LOANS AND PAY LESS TAX.

PROSECUTORS SAY THE TRUMP ORGANIZATION COMMITTED NUMEROUS ACTS OF FRAUD BETWEEN 2011 AND 2021.

MR TRUMP HAS DISMISSED THE LAWSUIT AS ANOTHER WITCH HUNT.


THE FORMER PRESIDENT'S ELDEST CHILDREN, DONALD JUNIOR, IVANKA AND ERIC TRUMP, WERE ALSO NAMED AS DEFENDANTS ALONGSIDE TWO EXECUTIVES AT THE TRUMP ORGANIZATION, ALLEN WEISSELBERG AND JEFFREY MCCONNEY.


THE LAWSUIT HAS BEEN BROUGHT BY NEW YORK ATTORNEY GENERAL, LETITIA JAMES, WHO IS THE STATE'S MOST SENIOR LAWYER, AFTER A THREE-YEAR CIVIL INVESTIGATION.