These 7 Trump Properties Are at the Center of New York’s Fraud Lawsuit
- Assets in case range from Trump’s skyscrapers to golf resorts
- Trump says disclaimers told banks not to rely on appraisals
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From his skyscrapers to golf resorts, Donald Trump allegedly manipulated the value of a range of assets that inflated his net worth for years and defrauded banks, insurance companies and the Internal Revenue Service, according to New York Attorney General Letitia James.
Her lawsuit filed Wednesday against Trump, three of his adult children and others provides more than 200 pages of details of what James described as a scheme that reaped about $250 million in benefits from lower interest rates on bank loans, favorable insurance rates and artificially low tax rates.