Trump legal news brief: Letitia James accuses Trump of inflating net worth by billions as former president pleads not guilty in Georgia

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New York state prosecutors asked a judge Wednesday to rule that former President Donald Trump, his adult sons and their family business had inflated Trump's net worth by billions in order to obtain favorable loan terms. Trump, meanwhile, used a waiver to plead not guilty to election interference charges in Georgia and that state's governor criticized Republicans seeking to strip the district attorney of her power.

In a legal filing Wednesday, New York prosecutors asked Judge Engoron, who is presiding over Trump's financial fraud civil trial, to rule that Trump, his adult sons and family business inflated his net worth by billions in financial statements over a decade,“Based on the undisputed evidence, no trial is required for the court to determine that defendants presented grossly and materially inflated asset values in the and then used those SFCs repeatedly in business transactions to defraud...

Engoron is not expected to issue a ruling on the filing until shortly before trial begins in October. James is suing Trump for $250 million. A guilty verdict would also result in sanctions that would effectively halt the Trump Organization’s operations in the state.: If Engoron agrees with prosecutors that a"mountain of evidence" shows Trump inflated his net worth, it would not end the case but make it easier for James and her team to prove the remainder of her allegations.

 

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