Former President Donald Trump overstated his wealth by between $812 million and $2.2 billion annually between 2011 and 2021, New York Attorney General Leticia James’ office said in a filing made public Wednesday.
The lawsuits were filed in an Aug. 4 filing for partial summary judgment. 2022 case They accused Trump family members and Trump Organization executives of orchestrating an extensive and fraudulent scheme involving asset valuations and Trump’s personal financial statements.
James’ office is seeking $250 million and sanctions that would halt the company’s operations and impair the ability of Trump, Eric Trump or Donald Trump Jr. to do business in New York.
The case is scheduled to go to trial in October, but James’ office is asking for certain charges in one indictment so that the judge can rule against Trump first. If granted, other claims, including allegations related to falsifying records and issuing false financial statements, will still be considered at trial.
“Defendants grossly and materially overstated property values…repeatedly defrauded banks and insurers in commercial transactions,” wrote Andrew Amer, an attorney with the James Office.
Summary judgments argue that some material facts are not in dispute, and as a result, the judge is already in a position to make a decision based on them – it is not necessary to raise them during the trial.
A spokesman for Donald Trump’s legal team did not immediately respond to a request for comment.
James’ office argued in the filing that in order to rule on it, the judge must find that Trump’s financial statements from 2011 to 2021 — the years the state is suing — and that the statements were “false or misleading.” They were used “in business transactions”.
The Attorney General’s Office said, “The answer to both questions is “yes,” based on undisputed evidence.
The latest filing comes as Trump’s legal troubles mount. In the year On August 24, Trump surrendered to authorities in Fulton County, Georgia, where he and 18 others were charged with felony charges related to an alleged attempt to overturn the results of the state’s 2020 presidential election, which Trump lost. He will be required to plead not guilty to this charge and deny his guilt.
Trump has also been indicted on three other criminal charges. In Manhattan, he pleaded not guilty in April to 34 counts of falsifying business records. And after leaving the White House, he pleaded not guilty this summer to a pair of federal cases in which he was charged with 40 felony counts related to the “intentional withholding” of national security information and four felony counts. In the year Defeat the peaceful transition of power after losing to President Joe Biden in 2020.
Trump maintains his innocence and prosecutors from each of his offices have accused him of being politically motivated.
