New York's attorney general sues ex-president Donald Trump and his company for fraud, alleging they padded his net worth by billions of dollars by lying about value of prized assets including golf courses, hotels and his homes
Donald Trump and family members have lied to tax collectors, lenders and insurers for years in a scheme that routinely misstated the value of his properties to enrich themselves, according to a suit filed by New York's attorney general.
She also urged that Trump along with his children Donald Trump Jr, Eric Trump and Ivanka Trump be barred from purchasing property in the state for five years. The lawsuit filed with the New York State Supreme Court includes allegations that Trump's annual financial statements for at least a decade "grossly inflated" property values across his assets –– from his Mar-a-Lago resort in Florida to Manhattan's Trump Tower –– to a "staggering" degree.
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