Former U.S. President Donald Trump is facing new allegations. Photo: AFP/File

Former U.S. President Donald Trump and his family business were found liable for fraud Tuesday in the civil lawsuit by state Attorney General Letitia James, who accused him of illegally inflating his assets and net worth. The decision was issued by Judge Arthur Engoron of the New York State Court in Manhattan.

James sued Trump in September 2022, accusing him and the Trump Organization of lying for a decade about the value of his assets and net worth to get better terms on bank loans and insurance.

She has said Trump inflated his net worth by as much as $2.230 billion, and to a extent as much as $3.600 billion, in annual financial statements provided to banks and insurers.

The attorney general has said that assets whose value was inflated include Trump's estate in Mar-a-Lago, Florida, his penthouse in Manhattan's Trump Tower and several office complexes and golf courses.

(With information from La Jornada)

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