The New York Attorney General, Letitia James, has raised the required payment for Donald Trump and his company in the civil case to $370 million, a significant increase from the previous amount of $250 million. The rise was included in a document submitted on Friday in Manhattan during the ongoing trial, with closing arguments set for January 11.
During the release of the lawsuit, it was claimed that Trump had exaggerated his net worth through various methods, including inflating the value of his real estate. Furthermore, the statement mentioned that he would be liable for monetary damages amounting to a minimum of two hundred and fifty million dollars, which would be determined during the trial.
In the latest filing, James claimed that Trump employed numerous deceptive tactics to artificially boost asset values and hide information, which were so extreme that they cannot be explained innocently.
Trump attorney's responded by stating that there is no evidence in the record to suggest that the terms or pricing of the subject loans would have been affected by the alleged misstatements made by the Plaintiff. "No witness from any bank or elsewhere testified to this during the trial," Trump's team reiterated.
Judge Arthur Engoron, who previously issued a gag order to Trump's attorneys in November, has made several rulings in favor of New York on various aspects of the case. The final decision will be announced at a later time
In October, Trump made a statement about the trial, expressing his opinion on the matter. He criticized the attorney general, describing them as racist and a horror show. Trump also claimed that the attorney general had campaigned on the promise of going after him, even though she had no prior knowledge about him. She utilized this as a means to campaign for the position of governor.
During the release of the lawsuit, it was claimed that Trump had exaggerated his net worth through various methods, including inflating the value of his real estate. Furthermore, the statement mentioned that he would be liable for monetary damages amounting to a minimum of two hundred and fifty million dollars, which would be determined during the trial.
In the latest filing, James claimed that Trump employed numerous deceptive tactics to artificially boost asset values and hide information, which were so extreme that they cannot be explained innocently.
Trump attorney's responded by stating that there is no evidence in the record to suggest that the terms or pricing of the subject loans would have been affected by the alleged misstatements made by the Plaintiff. "No witness from any bank or elsewhere testified to this during the trial," Trump's team reiterated.
Judge Arthur Engoron, who previously issued a gag order to Trump's attorneys in November, has made several rulings in favor of New York on various aspects of the case. The final decision will be announced at a later time
In October, Trump made a statement about the trial, expressing his opinion on the matter. He criticized the attorney general, describing them as racist and a horror show. Trump also claimed that the attorney general had campaigned on the promise of going after him, even though she had no prior knowledge about him. She utilized this as a means to campaign for the position of governor.
