
Former President Donald Trump routinely overstated his net worth, according to court documents filed Wednesday.
New York Attorney General Letitia James' office included the numbers in a motion that asks the court to resolve a civil fraud claim before the AG's $250 million civil suit against Trump goes to trial.
James last year brought the lawsuit against Trump, his children, and his company, accusing them of "grossly" inflating the former president's net worth by billions of dollars and cheating lenders and others with false and misleading financial statements.
Wednesday's motion points out that in 2014, Trump claimed to be holding $6.7 billion in assets, but that figure overstated Trump's actual net worth by more than $2.2 billion.
"Based on the undisputed evidence, no trial is required for the Court to determine that Defendants presented grossly and materially inflated asset values and then used [them] repeatedly in business transactions to defraud banks and insurers," the filing says.
The motion goes on to say that the $2.2 billion figure is "just the tip of a much larger iceberg of deception" that the AG's office would expose if the case goes to trial.
Trump has insisted he has done nothing wrong.
The trial is scheduled to begin in October.
The 214-page complaint alleges that Trump, with the help of his children and senior executives, falsely inflated his net worth by billions of dollars to induce banks to lend money to the Trump Organization on more favorable terms than would otherwise have been available to the company, to satisfy continuing loan covenants, to induce insurers to provide insurance coverage for higher limits and at lower premiums, and to gain tax benefits, among other things, according to the AG's office.
The complaint includes examples of alleged fraudulent conduct across more than 23 different properties and other assets owned by the former president and the Trump Organization.
For instance, the suit says Trump valued his Mar-a-Lago club property in Palm Beach, Florida as high as $739 million based on the false premise that it was unrestricted property and could be developed and sold for residential use. In reality, the club generated annual revenues of less than $25 million and should have been valued at closer to $75 million, according to the lawsuit.
Three of Trump's children, Donald Jr., Ivanka and Eric, are named as defendants, along with two longtime company executives, Allen Weisselberg and Jeffrey McConney.
James is seeking to permanently bar the Trump family from being in the office of any New York-based company, and from entering into any New York real estate acquisitions for five years. She's also seeking a total of $250 million in penalties.