Former U.S. President Trump has denied allegations from New York’s Attorney General, Letitia James, regarding inflating his net worth. He countered by stating that these were misleading charges by the state, hinting at possible election meddling.
In legal filings, Attorney General James claims Trump inflated his assets by approximately $2.2 billion. These claims are a segment of a wider legal battle involving Trump, his company, and two of his children.
Trump took to Truth Social to voice his concerns, arguing that the probe was bias against him and that his constitutional rights had been infringed upon. He stressed that his financial documents reflected a higher net worth than accused, mentioning factors such as minimal debt, sizable cash on hand, repaid loans, and other robust financial markers.
Additionally, he implied that he was being targeted due to political reasons by New York.
The current lawsuit demands a fine of $250 million and proposes to bar Trump and his children from running businesses in New York going forward.
It is also claimed by James that Trump’s business tweaked asset evaluations to gain tax reductions and more favorable insurance conditions.
The case is scheduled for a court hearing on October 8.