Donald Trump could be fined $250m (£201.3m) and banned from owning real estate in New York for five years after a judge ruled that he and his associates inflated their assets by as much as $3.6bn (£2.9bn).
The former US president is expected to appear in court today after the pre-trial ruling by Judge Arthur Engoron last week, which came after a civil lawsuit was brought against him by New York’s attorney general, Letitia James.
Trump’s lawyers – who are seeking clarity over the pre-trial ruling – have said that statements about the value of his assets were never relied on by the banks, which had never complained about being misled.
Sky News has gone through the court documents to show the main assets Trump listed – and the most up-to-date claims figure he’s claimed they are worth.
Golf clubs and related real estate
Trump’s total valuation: $1.7bn
This figure relates to 12 golf and social clubs owned or leased by Trump, including his prized Mar-a-Lago estate.
The clubs, 10 of which are in the US and two in Scotland, make up by far the largest percentage of Trump’s net worth.
The district attorney said he lumps their numbers together when listing his assets in order to “conceal” any significant changes in value to individual clubs.
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He valued the clubs at their highest in 2018, claiming they were worth nearly $2.4bn.
Mar-a-Lago has been at the forefront of this case too, as the court ruled Trump had overvalued the Palm Beach club by as much as 2,300%, and that its actual worth was closer to $75m.
Trump Tower
Trump’s valuation: $806.7m
Trump owns the commercial space in the iconic 58-storey building.
It’s been the headquarters of the Trump Organization since it opened in 1983 and has been a mainstay for Trump himself and some of his family members.
Ms James said the Trump Organization used tactics such as inflating income figures and adding favourable numbers from its projections in order to reach such high valuations.
Triplex apartment in Trump Tower
Trump’s valuation: $131m
That’s his valuation of the three-storey penthouse as of 2021 – but in 2015 and 2016, he had it at $327m.
The prosecutor labelled that valuation as “absurd”, and the court ruled Trump had reached that figure by pretending the property was three times bigger than its actual size.
40 Wall Street
Trump’s valuation: $663.6m
The 72-storey building was completed in 1930 and bought by the Trump Organization 25 years later.
The company claimed the tower was around $796.4m in 2016 – a valuation Ms James said could have been inflated by up to $473.9m.
Trump Park Avenue
Trump’s valuation: $135.8m (2020)
The building near Central Park houses over 120 luxury apartments.
Trump’s valuations, which ranged from $90.9m and $350m between 2011 and 2021, only related to the commercial space and unsold residential units that he owns.
Ms James said the values of the unsold residential units were “false and misleading” because they ignored legal restrictions that would decrease property values.
Trump gave the units a $50m valuation in 2012, but, due to rent-pricing regulations that Ms James said he failed to take into account, they were actually meant to be valued collectively at just $750,000.
Seven Springs
Trump’s valuation: Between $261m and $291m (2011-2014)
He purchased this estate, which consists of two large homes, undeveloped land, and a few other buildings, in 1995 for a total of $7.5m.
The estate spans 212 acres across the towns of Bedford, North Castle and New Castle in New York.
Ms James focused on Trump’s valuations between 2011 and 2014 because from 2015 onwards, he moved the estate into the category ‘other assets’ – which we’ll get to later.
As for the 2011-2014 valuations, the attorney general said they were in “sharp contrast” to a bank’s $30m valuation in 2006.
This was put down to the Trump Organization factoring in the future sales of mansions it planned to build. “All of these values were a fiction,” she concluded.
1290 Avenue of Americas and 555 California
Trump’s valuation: $645m
Trump has a 30% stake in 1290 Avenue of Americas – a two million square foot skyscraper located in midtown Manhattan – and 555 California, a 52-storey building in San Francisco that is home to many high-profile tenants.
The remaining 70% is owned by the Vornado Realty Trust, which is not run by Trump.
The attorney general said Trump calculated the value of his shares without considering “the nature” of the agreement, causing the figures to be “false and misleading”.
The ‘other assets’
‘Other assets’ is a category Trump has used in all of his declarations, in which he sometimes includes more than a dozen different properties and assets.
Assets in this category include, depending on the year: aircraft, a management company, loans to Trump’s family members, and various homes in Palm Beach, Florida, Beverly Hills, California and the island of St Martin.
Ms James said Trump used ‘other assets’ in a similar way to his ‘golf clubs and related real estate’ category – grouping many items together and presenting a total figure so that he didn’t need to disclose the value of each asset individually.
She said the Triplex and Seven Springs were added to this category intermittently in attempts to “cover-up” when they dropped in value.
Between Trump’s 2014 and 2015 statements, for example, the ‘other assets’ category was reported to have increased in value by $219.6m after the Seven Springs property was grouped into it.
The court document did not share the overall value given for ‘other assets’ on any year.
US president-elect Donald Trump has had his victory certified by his defeated rival, Kamala Harris.
Under the tightest national security level, Ms Harris, who lost to Mr Trump following November’s election, presided over the certification of the 78-year-old Republican’s victory in Congress.
After Congress went through all the certificates for the 50 US states and Washington DC, it certified the election of Mr Trump and his running mate JD Vance.
Cheers broke out in the chamber as Ms Harris announced the tally of the electoral votes, with Mr Trump receiving 312, while her candidacy, launched following outgoing President Joe Biden’s decision in July to withdraw from the race, got 226.
It stood in stark contrast to the shocking scenes from the certification of Mr Trump’s defeat against Mr Biden four years ago, when the Republican’s supporters tried to block the democratic process by violently storming Capitol Hill.
Ms Harris smiled tightly as she announced her rival’s victory – and as Republicans gave a standing ovation.
She ended the process, which lasted less than 30 minutes, saying: “The chair declares this joint session dissolved.”
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Ahead of senators and representatives gathering for the event, the outgoing vice president described her role in the certification as a “sacred obligation” to ensure the peaceful transfer of power.
Five people died in the hours and days following the riots on 6 January 2021, including a Trump supporter who was shot by Capitol police and one officer, Brian Sicknick, who was attacked as he responded.
His death was later attributed to the natural causes.
A further four police officers who responded to the riots took their own lives in the following months.
Ms Harris joined a short list of other vice presidents to oversee the ceremonial confirmation of their election loss as part of their role of presiding over the Senate.
In a video message earlier today, Ms Harris said: “As we have seen, our democracy can be fragile.
“And it is up to each of us to stand up for our most cherished principles.”
The president-elect, who will be sworn in for his second term in the Oval Office on 20 January, posted on his social media platform Truth Social earlier in the day: “Congress certifies our great election victory today – a big moment in history. MAGA!”
Mr Trump has said he plans to pardon some of the more than 1,500 people charged with taking part in the 6 January 2021 assault on the Capitol.
New Orleans attacker Shamsud-Din Jabbar wore smart glasses to film the city’s French Quarter while cycling, in the weeks before his deadly atrocity, the FBI has said.
Jabbar made two trips to the southern city in October and November last year, according to the bureau.
The US citizen, from Houston, Texas, killed 14 people, including Briton Edward Pettifer, when he rammed his rental white pick-up truck into a crowd celebrating New Year in Bourbon Street in the historic French Quarter early on 1 January.
The 42-year-old former US army soldier was then killed in a shootout with police at the scene of the deadly crash.
In a news conference on Sunday, the fourteenth victim was confirmed by Louisiana governor Jeff Landry as LaTasha Polk. He said she worked as a nursing assistant and was the mother of a 14-year-old.
The FBI said Jabbar’s first trip, when he stayed at a rental home, started on 30 October, and lasted at least two days, and he was also in New Orleans on 10 November.
It said he made the cycling video on his first visit using the hands-free glasses, which were developed by US tech giant Meta and are capable of recording or livestreaming. They are designed to look like normal glasses and come in a range of styles.
Jabbar was wearing a pair of Meta smart glasses while he carried out the 1 January attack, but he did not activate them to livestream his actions that day.
Around 30 other people were injured in the incident. Thirteen remain in hospital, with eight people in intensive care.
What happened in the hours before the attack?
The FBI said Jabbar was seen on 31 December at one of several gun shops he visited in Texas leading up to the ramming attack. He then stopped at a business in Texas where he bought one of the ice boxes he used to hide an improvised explosive device (IED).
He entered Louisiana around 2.30pm local time (8.30pm UK time) on 31 December – hours before the attack – and his rented vehicle was later seen in the city of Gonzales, Louisiana, about 9pm that evening.
By 10pm, home camera footage showed Jabbar unloading the white pick-up truck in New Orleans outside his rental home in Mandeville Street.
The FBI said that just under three hours later, at 12.41am on 1 January, Jabbar parked the truck and walked to the junction of Royal and Governor Nichols Street.
It said Jabbar placed one IED in a cooler box at the junction of Bourbon Street and St Peter Street at 1.53am on New Year’s Day.
A person on Bourbon Street, not believed to be involved in the attack, dragged the cooler about a block where authorities found it after the attack.
A second IED was placed by Jabbar in a “bucket-type cooler” at 2.20am at the junction of Bourbon Street and Toulouse Street.
At 3.15am, Jabbar carried out his deadly attack, where he “used the truck as a lethal weapon”, said the FBI.
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Vigil for New Orleans attack victims
Two IEDs left in coolers several blocks apart were made safe.
Shortly after 5am, a fire was reported at the Mandeville Street rental home in New Orleans, where emergency services found explosive devices.
The FBI believes Jabbar acted alone.
“We have not seen any indications of an accomplice in the United States, but we are still looking into potential associates in the US and outside of our borders,” Deputy Assistant Director Christopher Raia said at the news conference.
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Jabbar also travelled to Cairo, Egypt, between 22 June and 3 July 2023, and a few days later on 10 July he flew to Ontario, Canada, before returning to the US on 13 July.
But it was not yet clear whether those trips were connected to the truck attack.
“Our agents are getting answers to where he went, who he went with and how those trips may or may not tie into his actions here,” said Lyonel Myrthil, FBI special agent in charge of the New Orleans Field Office.
Jabbar proclaimed his support for the Islamic State militant group in online videos posted hours before he struck.
‘Very rare explosive compound’
He used a very rare explosive compound which was found in the two functional IEDs he placed in New Orleans and authorities are investigating how he knew how to make this homemade explosive, two officials close to the investigation told Sky’s partner network NBC News.
The explosive has never been used in a US terror attack or incident nor has it been used in any European terror attack, said the officials.
A major winter storm has hit America, producing heavy snow and significant ice which is expected to last days.
Road conditions have become increasingly dangerous in the central US since Saturday, with snow in the most heavily affected regions – Kansas and northern Missouri – predicted to reach as high as 35.6cm.
Some 60 million people are under weather alerts across 30 states, with the National Weather Service warning that severe thunderstorms, with the possibility of tornadoes and hail, are also a possibility in some regions over the next few days.
Kansas, Arkansas, Kentucky and Virginia have declared states of emergency as the storm, driven by a polar vortex, moves east.
A polar vortex is an area of low pressure and cold air that swirls like a wheel around each of Earth’s two polar regions. Sometimes the Arctic polar vortex wobbles and a lobe surges south, blanketing parts of North America with bitter temperatures.
It has already led to accidents across the nation, with a fire truck, several tractor-trailers and passenger vehicles overturned west of Salina, Kansas, on Saturday, and some trucks spiralled into ditches, state highway patrol trooper Ben Gardner said.
“We are in it now,” he said in a video on social media which showed him at the scene of an accident.
To demonstrate the danger on the roads, the trooper filmed himself running onto the seemingly clear road and sliding across it for several seconds due to what appeared to be black ice.
“That’s what we’re dealing with out here, and it’s not getting better, it’s getting worse, so get off the roads,” he warned.
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Freezing rain in Wichita, Kansas, led to multiple crashes on Saturday morning, authorities said, as they urged drivers to stay home if possible and watch out for emergency vehicles.
Governors in neighbouring Missouri and nearby Arkansas declared states of emergency, while snowy conditions threatened to make driving dangerous to impossible, forecasters warned.
“Please stay off the roads. Crews are seeing too many vehicles out and sliding off,” Missouri’s transportation department said on the social platform X.
Major airlines, including American, Delta, Southwest, and United, are waiving change fees ahead of likely flight disruptions in heavily affected regions.
Temperatures were well below zero in many areas on Saturday, such as -7C to -10C in Chicago, -18C in Minneapolis, and -25C in International Falls, Minnesota, on the Canadian border.