Former United States President Donald Trump overstated his net worth by between $1.9 billion and $3.6 billion per year, according to a filing made by New York state's attorney's office on Friday. Attorney General Letitia James previously claimed Trump and other defendants, including three of his children, inflated his worth by between $812 million to $2.2 billion.
The AG's office said the extent of Trump's "deception is far greater" than what the prosecutors filed in the previous motion, which was based "just on the undisputed evidence." The new figures were calculated based on the prosecutors' valuation and "accounting experts, which factor into defendants’ methodologies what market participants would consider when determining estimated current value." The prosecutors said the latest estimate is still "conservative" as their valuation experts accepted "inputs and assumptions" by the defendants "that would otherwise be rejected in a full-blown appraisal review."
