Former President Trump allegedly fraudulently inflated his net worth by as much as $2.2 billion each year since 2011, according to unsealed court filings released on Wednesday.
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00:00 Former President Trump allegedly fraudulently inflated his net worth by as much as $2.2
00:05 billion each year since 2011, according to unsealed court filings released on Wednesday.
00:11 The Hill reports that the allegation comes as part of New York Attorney General Letitia
00:15 James' lawsuit against Trump, the Trump Organization and two of the former president's children,
00:21 alleging more than a decade of fraud.
00:23 The attorney general's office also said Trump tacked on an extra 15 to 30 percent "brand
00:29 premium" to the value of many of his golf clubs and inflated the value of unsold condominium
00:34 units he owned in New York City.
00:37 The trial is set to begin in October.
00:39 ABC News notes that the former president denies any wrongdoing and even described his real
00:44 estate portfolio as "the Mona Lisa of properties" during an April deposition in the suit, according
00:50 to a transcript of the deposition.
00:52 (upbeat music)