Allegations of Asset Understatement and Fraudulent Valuation in Financial Statements: Trump’s Social Media Rant

In a recent social media post, former President Donald Trump made several false claims regarding his financial statements and assets. Trump’s statement comes in response to investigations into his financial dealings, including allegations of fraud and tax evasion. Here are some of the key lies highlighted in his post:

– Trump claimed that he has “substantially UNDERSTATED” his assets in his financial statements, not overstated them as alleged by the Attorney General and a judge. This is a blatant lie, as multiple investigations have uncovered instances where Trump inflated his assets to secure loans or reduce his tax liability.
– Trump also falsely stated that there have been “No Default, No Victims, No Complaints, No ‘Nothing'” related to his financial dealings. In reality, there have been numerous lawsuits and complaints filed against Trump and his businesses for fraud, breach of contract, and other financial crimes.
– Trump accused the judge of fraudulently undervaluing his property, Mar-a-Lago, at $18,000,000 in order to make a “Fake Case” against him. This claim is baseless, as the valuation of properties is based on market value and appraisal methods, not the whims of a judge.
– Trump went on to suggest that the Attorney General and President Joe Biden should be under investigation, not him. This diversion tactic is a common strategy used by Trump to deflect attention from his own wrongdoing.

It is important to note that these claims made by Trump are not only false but also dangerous. His repeated lies and attempts to discredit the legal system undermine the rule of law and erode public trust in institutions. By spreading misinformation and attacking those who hold him accountable, Trump poses a significant threat to democracy and the integrity of the justice system.

Source: [Ok Magazine](https://okmagazine.com/p/donald-trump-shouldnt-defend-myself-bogus-indictments/)