Former President Donald Trump responded Friday after New York District Attorney Letitia James claimed that he inflated his net worth by up to $2.2 billion.
Trump reacted in an all-caps Truth Social post, arguing that he was defamed by the district attorney.
Former President Donald Trump overstated his net worth by between $812 million and $2.2 billion each year between 2011 and 2021, the office of New York Attorney General Letitia James claims in a filing made public Wednesday.
— CBS News (@CBSNews) August 31, 2023
"IN THE NYS A.G. LETITIA JAMES CASE, I WAS TARGETED, GIVEN NO JURY, NO EXTENSIONS, NO COMMERCIAL DIVISION, NO CONSTITUTIONAL RIGHTS, NO ANYTHING!" he claimed.
"THE DEMOCRAT JUDGE HATES TRUMP WITH A PASSION. THE THING I HAVE IS A GREAT CASE BASED ON PHENOMENAL NUMBERS THAT SHOW A NET WORTH BILLIONS OF DOLLARS MORE THAN SHE VICIOUSLY & FALSELY CLAIMED, VERY LITTLE DEBT, BIG CASH, A POWERFUL DISCLAIMER CLAUSE, PAID OFF LOANS, NO DEFAULTS, 'HAPPY' BANKS, GREAT ASSETS. I WAS DEFAMED BY NYS - ELECTION INTERFERENCE!" he added.
"I was defamed": Trump melts down on Truth Social after NY AG accuses him of inflating net worth https://t.co/AJzZtDp4mw via @Yahoo
— CC (concerned citizen). 💙 (@Wille2k) September 3, 2023
The strong words came after James released her filing on Wednesday concerning Trump's case.
"Based on the undisputed evidence, no trial is required for the court to determine that defendants presented grossly and materially inflated asset values" in their statements of financial condition "and then used those SFCs repeatedly in business transactions to defraud banks and insurers," James said, according to Salon.
"James' whopping $250 million lawsuit accuses the Trump family and their real estate company of 'grossly' inflating the values of more than a dozen assets between 2011 and 2021, and then subsequently using those funds to defraud banks and insurers on that basis of securing more advantageous loan or insurance terms," it added.
Trump has long argued that James has targeted him for political reasons as part of a number of legal cases against the former president since the announcement of his 2024 presidential run.
The challenges have not stopped his momentum so far, with Trump leading national polls by a wide margin.
Trump's biggest challenge may be during the general election as he may face a rematch with President Joe Biden in an attempt to win back his spot in the White House.
