(C) Daily Kos This story was originally published by Daily Kos and is unaltered. . . . . . . . . . . The "Billionaire" windbag Committed Fraud to over-inflate his Net Worth to the tune of $3.6B [1] ['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.'] Date: 2023-09-26 — — Breaking News, as they say ... Former President Donald Trump and his company committed fraud by overstating the value of their assets, a New York judge ruled Tuesday, siding with state Attorney General Letitia James in her wide-ranging suit against the former president and the Trump Organization, which is still set to go to trial next week with a narrower scope. [...] Big Number: $3.6 billion. That’s how much Trump inflated his net worth by overstating the value of his assets on financial documents, James alleged in court filings, calling the number a “conservative” estimate. The AG alleges Trump used the exaggerated assets to inflate his net worth by between $1.9 billion and $3.6 billion per year between 2011 and 2021, including by misstating the value of his properties at Trump Tower and Mar-A-Lago in Florida, which the lawsuit alleges Trump valued as a private residence instead of a social club. [...] www.forbes.com — Sept 26, 2023 “to inflate his net worth by between $1.9 billion and $3.6 billion per year between 2011 and 2021” … that’s a LOT of cheddar! Donald Trump and his company "repeatedly" violated state fraud law, a New York judge ruled Tuesday. The ruling came in response to a request by New York Attorney General Letitia James seeking judgment on one of the claims in her $250 million civil lawsuit, which is scheduled to go to trial on Oct. 2. Judge Arthur Engoron agreed in his ruling with James' office that it is beyond dispute that Trump and his company provided banks with financial statements that misrepresented his wealth by as much as $3.6 billion . "The documents here clearly contain fraudulent valuations that defendants used in business," Engoron wrote in his ruling, in which he ordered the defendants' New York business certificates canceled. He ordered that within 10 days, they must recommend potential independent receivers to manage the dissolution of the canceled LLCs . [...] www.cbsnews.com — Sept 26, 2023 That’s gotta hit the maniacal insurrectionist in the place it hurts most — in his fraudulent, empty wallet. Or so says the summary judgment — there’s no disputing the facts put together by the NY AG James, that prove Trump Org did repeatedly practice fraud to overstate the value of his business LLCs. Whose licenses have been now revoked in the state of NY, by the way. Just think what the Fraudster-in-Chief will do to America’s economy and democracy — if he is ever given another chance, to run the country into the ground. Just like he has Trump Org. — — “Nothing but the best crooks and cons” … . . . . [END] --- [1] Url: https://www.dailykos.com/stories/2023/9/26/2195646/-The-3-6-billion-windbag-Committed-Fraud-to-over-inflate-his-Net-Worth Published and (C) by Daily Kos Content appears here under this condition or license: Site content may be used for any purpose without permission unless otherwise specified. via Magical.Fish Gopher News Feeds: gopher://magical.fish/1/feeds/news/dailykos/