Trump: The Banks Were Warned Not To Believe Me

Posted to Trump’s Truth Social account:

It turns out that my Financial Statements show a WORTH which is substantially more than I showed the very well represented (by top flight law firms!) & highly sophisticated Financial Institutions and Banks. Also shows that each statement has a Disclaimer Clause strongly telling these institutions to do their own analysis & to not rely on the Financial Statements presented. Additionally, great liquidity – Very little Debt relative to Assets! In other words, Trump Hating Letitia James has no case!

Newsweek reports:

James says that there is “undisputed evidence” showing Trump “presented grossly and materially inflated asset values” to banks and insurers each year from 2011 to 2021. The yearly discrepancies were from $812 million to $2.2 billion, according to the lawsuit.

Trump’s motion for summary judgment argues that “all this debate surrounding President Trump’s net worth is unnecessary” because the alleged inflation of assets may not have impacted the loans in question and “it is simply undisputed he was and is an extraordinarily successful multi-billionaire.”