By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: Donald Trump Inflated Net Worth by $3bn – Court
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | Donald Trump Inflated Net Worth by $3bn – Court

Business

Donald Trump Inflated Net Worth by $3bn – Court

Tapre Timine
Tapre Timine
Published: June 3, 2025
Last updated: June 3, 2025
3 Min Read
Share
Donald Trump Inflated Net Worth by $3bn - Court | Daily Report Nigeria
SHARE

Former US President Donald Trump and his family business have been found guilty of fraud by a New York judge.

The ruling, issued by Justice Arthur Engoron of the New York state court in Manhattan, came as a result of a civil lawsuit filed by New York Attorney General Letitia James.

The lawsuit accused Trump and the Trump Organization of inflating their assets and net worth by billions of dollars for more than a decade.

In his ruling, Engoron stated that James had successfully proven that Trump and his business had falsely valued several properties, including his Mar-a-Lago estate in Florida, his penthouse apartment in Manhattan’s Trump Tower, and various office buildings and golf courses.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

Engoron also criticized Trump for providing baseless defenses during a deposition, where he claimed that the values of his properties had increased since submitting financial statements and that he could easily find a buyer willing to pay any price he suggested, even from Saudi Arabia.

The lawsuit was filed in September 2022 and sought to recover millions of dollars in damages and fines from Trump and his companies for bank and insurance fraud.

James said Trump’s net worth increased by as much as $2.23 billion and by as much as $3.6 billion, based on financial statements from banks and insurance companies.

James claimed the price increase allowed Trump to secure loans, insurance policies, tax breaks, and other business benefits he wouldn’t have had otherwise.

He said the fraud also harmed the public interest by undermining the integrity of financial markets and regulators.

The trial was scheduled for October 2 and could last until December 2023.

The trial will determine the amount of damages and penalties that President Trump and his company must pay.

MORE NIGERIA NEWS

Police Give Update On Mohbad’s Autopsy

Demand Receipt if Police Ask For Bail – FPRO Olumuyiwa Adejobi

Fire Razes Supreme Court Building (PHOTOS)

Why US Court is Delaying To Release of Tinubu’s Academic Record

Mohbad, Dagrin, MC Loph, Sound Sultan and 8 Musicians Whose Deaths Shook Nigeria

34 Die as Illegal Fuel Depot Explodes in Benin

Nollywood Actor Charles Granville is Dead

Ghana To Export Electricity to Nigeria

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:Donald Trump
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

Iyanya Reflects on Losing Three Family Members in Two Years, Says “It Was the Darkest Period of My Life” | Daily Report Nigeria
Iyanya Reflects on Losing Three Family Members in Two Years, Says “It Was the Darkest Period of My Life”
Entertainment
Queues Return as Fuel Price Hits N1000 in Abuja
Fuel Price Set To Drop Monday As Marketers Respond To Dangote Refinery Slash
Business
“Fielding Peter Obi in 2023 Was a Costly Mistake” – Labour Party | Daily Report Nigeria
“Fielding Peter Obi in 2023 Was a Costly Mistake” – Labour Party
Politics
Trump Slams 30% Tariffs on EU, Mexico, Sparks Fears of Trade War | Daily Report Nigeria
Trump Slams 30% Tariffs on EU, Mexico, Sparks Fears of Trade War
News
PSG vs Chelsea: Club World Cup Final Prize, Earnings Breakdown | Daily Report Nigeria
PSG vs Chelsea: Club World Cup Final Prize, Earnings Breakdown
Sports

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

BREAKING: Binance Leaves Nigeria, Ends Naira Exchange
Business

Naira Fall: Nigeria Asks Binance to Disclose Top 100 Users

June 12, 2025
Naira Gains Despite 32% Drop in FX Market Turnover | Daily Report Nigeria
Business

Naira Gains Despite 32% Drop in FX Market Turnover

June 11, 2025
Nigeria Records N5.81 Trillion Trade Surplus in Q3 2024  | Daily Report Nigeria
Business

Nigeria Records N5.81 Trillion Trade Surplus in Q3 2024 

June 11, 2025
Church holds prayer walk for Donald Trump (photos) | Daily Report Nigeria
News

Church holds prayer walk for Donald Trump (photos)

June 14, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?