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The Independent UK

National

Jennifer Peltz

As Trump's fraud trial eyes his sweeping financial reports, executive says they're not done anymore

Donald Trump Letitia James Arthur Engoron New York Trump Organization

ASSOCIATED PRESS

Donald Trump's company no longer prepares the sweeping financial statements that New York state contends were full of deceptive numbers for years, an executive testified Monday at the former president's civil fraud trial.

Trump's 2014 to 2021 “statements of financial condition” are at the heart of state Attorney General Letitia James' lawsuit against him, his company and some of its key figures. The defendants deny wrongdoing, but James says they misled lenders and insurers by giving them financial statements that greatly inflated Trump's asset values and overall net worth.

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