Did Donald Trump inflate his net worth? Newly released deposition transcript sheds light on fraud allegations

Former President Donald Trump's deposition transcript, released by the New York Attorney General's office, reveals a lengthy and combative exchange between Trump and the AG's lawyers. The deposition is part of a civil fraud trial set to begin on October 2, in which Trump is accused of routinely inflating his net worth to secure lower-cost loans and deceive banks. The lawsuit alleges that Trump, his two eldest sons, and two former top executives of the Trump Organization inflated his net worth in financial filings made on behalf of the company.

During the deposition, Trump's answers were so long-winded that one of the AG's lawyers expressed concern about the length of the proceedings. Trump's lawyer also complained about the breadth of the questions asked by the AG's lawyers. The transcript offers insight into Trump's statements about his "brand" and the value of his assets.

In response to the allegations, Trump took to social media to deny the claims, calling himself a "multi-billionaire." He criticized the New York Attorney General and accused her of defamation.

The civil fraud trial is scheduled to begin on October 2, where Trump and his two adult sons may face a significant financial penalty if found guilty. The New York Attorney General is also seeking to bar the Trumps from engaging in commercial real estate contracts or applying for loans for the next five years.

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