BREAKING VIDEO: Trump Organization Lied More Than 200 Times on Financial Statements According to NY AG

BREAKING NEWS

(TheRedAlertNews.com) – HAPPENING NOW: During a news conference announcing a massive $250 million civil lawsuit she has filed against former President Donald J. Trump, members of his family, and his company, New York Attorney General Letitia James stated that her investigation revealed that the Trump Organization “created and used more than 200 false and misleading asset valuations on a statement of financial condition over a 10-year period.”

You can watch the video clip of James further down this post.

According to James:

“Over the course of our investigation, we found that Mr. Trump, his children, and the Trump Organization created and used more than 200 false and misleading asset valuations on a statement of financial condition over that 10-year period.

“They issued statements that were in clear violation of general accounting principles in the United States despite representing that these statements were prepared in accordance with these principles. 

“Some of the common tactics they used include: Representing that Mr. Trump had cash on hand that he did not have. Ignoring critical restrictions that would significantly impact property values when setting valuations. Changing the methodology used to value properties from year to year without reason or notice. And using vastly different methods to value different properties even in the same year. And including tangible items such as brand premiums, the Trump premium when calculating an assets value despite the fact that they ignored the advice of outside professionals.

“They also ignored the advice and appraisals of outside professionals despite claiming those individuals provided certain figures.”

Here is the video clip of New York Attorney General Letitia James discussing the $250 million civil lawsuit she has filed against former President Donald J. Trump, members of his family, and his company:

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What is your reaction to the case being brought by the New York Attorney General against former President Donald Trump, his children, and the Trump Organization? Do you believe it is a legitimate case or a politically motivated case with no basis in fact? Please share your thoughts by emailing [email protected]. Thank you.