Trump Inflated Assets by $2.2 Billion, NY AG Letitia James Says in Fraud Case

Former President Donald Trump

Photographer: Anna Moneymaker/Getty Images

Donald Trump and his company inflated the value of his assets by as much as $2.2 billion in a single year, according to a court filing by New York’s attorney general urging a judge to find the former president liable for fraud before a trial set to start in October.

The evidence that Trump persistently inflated his net wealth from 2011 to 2021 to dupe banks and insurers into giving him better terms on financial transactions is so extensive that the state should immediately be granted “summary judgment” on its fraud claim against the former president, New York Attorney General Letitia James said Wednesday in a court filing.