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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

Donald Trump (right) at Turnberry golf course
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Donald Trump at his Turnberry golf course in Scotland

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.

He valued the clubs at their highest in 2018, claiming they were worth nearly $2.4bn.

Mar-a-Lago estate

Trump’s valuation: $739m (no specific date)

The former president uses this huge Florida estate as his personal residence.

An aerial view of former President Donald Trump's Mar-a-Lago estate is seen Aug. 10, 2022, in Palm Beach, Fla. New York Judge Arthur Engoron, ruling in a civil lawsuit brought by New York Attorney General Letitia James, found that Trump and his company deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing loans. (AP Photo/Steve Helber, File)
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Mar-a-Lago

It’s also where the Department of Justice said it found boxes of documents containing classified information, which will culminate in a trial next year.

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 Tower is shown in this photo, in New York, March 21, 2023. New York Judge Arthur Engoron, ruling in a civil lawsuit brought by New York Attorney General Letitia James, found that Trump and his company deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing loans. (AP Photo/Seth Wenig, File)
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Trump Tower in New York

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 front of the building where President Donald Trump's personal attorney Michael Cohen lives in New York on Monday, April 9, 2018. Federal agents raided the office of Cohen, seizing records on topics including a $130,000 payment made to porn actress Stormy Daniels. Besides Cohen's office, agents also searched a hotel room where he's been staying while his home is under renovation. (AP Photo/Seth Wenig)
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Trump Park Avenue

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.

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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.

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His only ‘crime’ is being Venezuelan and having tattoos, says brother of man ‘thrown to the lions’ in El Salvador jail

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His only 'crime' is being Venezuelan and having tattoos, says brother of man 'thrown to the lions' in El Salvador jail

Until five weeks ago, Arturo Suarez was a professional singer, performing in the United States as he waited for his asylum claim to be processed.

Originally from Venezuela, he had entered the US through proper, legal channels.

But he is now imprisoned in a notorious jail in El Salvador, sent there by the Trump administration, despite seemingly never having faced trial or committed any crime. The White House claims he is a gang member but has not provided evidence to support this allegation.

His brother, Nelson Suarez, told Sky News he believes his brother’s only “crime” is being Venezuelan and having tattoos.

Arturo Suarez
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Arturo Suarez, in a music video, is now in a notorious prison in El Salvador

“He is not a gang member,” Nelson says, adamantly, “I’ve come to the conclusion that it has to be because of the tattoos. If you don’t have a criminal record, you haven’t committed any crime in the United States, what other reason could there be? Because you’re Venezuelan?”

Arturo, 34, was recording a music video inside a house in March when he was arrested by immigration agents.

He was first taken to a deportation centre in El Paso, Texas, and then, it appears, put on to a military flight to El Salvador.

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Nelson Suarez
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Nelson Suarez insists his brother Arturo is not a gang member

His family have not heard from him since. Lawyers and immigrant rights groups have been unable to make contact with any of the more than 200 Venezuelan men sent to the CECOT prison, which holds members of the MS-13 and Tren de Aragua gangs.

Tattoo clue to Arturo Suarez’s whereabouts

Nelson learned his brother is – most likely – in CECOT only because of a photograph he spotted on a news website of a group of inmates, with their hands and feet cuffed, heads shaved and bodies shackled together.

Alleged members of the Venezuelan gang Tren de Aragua deported by US are processed to be imprisoned in the CECOT prison in EL Salvador. Pic: Reuters
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A group of inmates are processed to be imprisoned in the CECOT jail in EL Salvador. Pic: Reuters

Nelson Suarez believes this is his brother Arturo Suarez due to the hummingbird tattoo on the man's neck. Pic: Reuters
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Nelson Suarez believes this is his brother Arturo Suarez due to his distinctive hummingbird tattoo. Pic: Reuters

“You can see the hummingbird tattoo on his neck,” Nelson says, pointing to the picture. He says Arturo wanted a hummingbird in memory of their late mother. Arturo has 33 tattoos in total, including a piano, poems and verses from the Bible.

It could be that one, or more, of those tattoos landed him at the centre of President Trump’s anti-immigration showpiece. Nelson shows me documents which indicate that Arturo did not have a criminal record in Venezuela, Chile, Colombia or the United States, the four countries he has lived in.

Sky News contacted the White House, the Department of Homeland Security (DHS), and Immigration and Customs Enforcement (ICE) for a response to Arturo’s case but have not heard back.

In March, Donald Trump signed the Alien Enemies Act, a law from 1798 which has been invoked just three times before, in wartime.

It allows the president to detain and deport immigrants living legally in the US if they are from countries deemed “enemies” of the government. In this instance, Mr Trump claimed the Venezuelan gang Tren de Aragua had “infiltrated the United States” and was “conducting irregular warfare”.

Alleged gang members imprisoned in the CECOT jail in EL Salvador. Pic: Reuters
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Alleged gang members imprisoned in the CECOT jail in El Salvador. Pic: Reuters

Gang symbol tattoos

Immigration officials have centred on certain tattoos being gang symbols. Immigration officers were provided with a document called the “Alien Enemy Validation Guide”, according to a court filing from the American Civil Liberties Union. The document provides a point-based system to determine if an immigrant in custody “may be validated” as a gang member.

Migrants who score six points and higher may be designated as members of the Tren de Aragua gang, according to the document. Tattoos which fall under a “symbolism” category score four points and social media posts “displaying” gang symbols are two points. Tattoos considered suspicious, according to the document, include crowns, stars and the Michael Jordan Jumpman logo.

Jerce Reyes Barrios’s story

Another of the men sent to CECOT prison is 36-year-old Jerce Reyes Barrios, who fled Venezuela last year after marching in anti-government protests. He is a former footballer and football coach.

His lawyer, Linette Tobin, told Sky News that Reyes Barrios entered the US legally after waiting in Mexico for four months for an immigration appointment and then presenting himself at the border.

Jerce Reyes Barrios
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Jerce Reyes Barrios

She says he was detained in a maximum security prison in the US while awaiting his asylum appointment. But before that appointment happened, he was flown to the El Salvador prison.

Ms Tobin says the DHS deported Reyes Barrios because they designated him a Tren De Aragua gang member based on two pieces of evidence.

The first, she says, is a tattoo of the Real Madrid football team logo surrounded by rosary beads. She has since obtained a declaration from the tattoo artist stating that Reyes Barrios just wanted an image which depicted his favourite team.

Jerce Reyes Barrios
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Jerce Reyes Barrios’s lawyer says he has a tattoo of the Real Madrid logo surrounded by rosary beads

The second piece of evidence, she says, is a photograph, which she shows me, of Reyes Barrios in a hot tub with friends when he was a college student 13 years ago.

He is making a gesture which could be interpreted as “rock and roll”, but which she says has been interpreted as a gang symbol.

Jerce Reyes Barrios
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Lawyer Linette Tobin says this gesture has been interpreted as a gang symbol

Distraught family in despair

Reyes Barrios has no criminal record in his home country. “I’ve never known anything like this,” Ms Tobin says.

“My client was deported to a third country and we have no way of getting in touch with him. His family are distraught and in despair, they cry a lot, not knowing what is going on with him. We want him returned to the United States to have a hearing and due process.”

Ms Tobin says she and other lawyers representing men sent to the El Salvador prison are trying to establish a UN working group on enforced disappearances to do a wellness check on them because the prison is completely “incommunicado”.

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17 March: US migrants deported to El Salvador

Sky News contacted the DHS for comment about Reyes Barrios’s case but did not receive a response. The DHS previously issued a statement declaring that “DHS intelligence assessments go well beyond just gang-affiliated tattoos. This man’s own social media indicates he is a member of Tren de Aragua”.

Reyes Barrios has an immigration hearing scheduled for 17 April, Ms Tobin says, which the Trump administration is trying to dismiss on the grounds that he is not in the US anymore.

In the meantime, children he used to coach football for in his hometown of Machiques in Venezuela have been holding a prayer vigil for him and calling for his release.

The secretary of the DHS, Kristi Noem, visited CECOT last month and posed for photos standing in front of inmates behind bars.

US Homeland Security secretary Kristi Noem visited CECOT in March. Pic: Reuters
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Department of Homeland Security secretary Kristi Noem visited CECOT in March. Pic: Reuters

“Do not come to our country illegally,” she said, “you will be removed, and you will be prosecuted.” Donald Trump had promised during his election campaign to clamp down on immigration, railing against undocumented immigrants and claiming immigrants are “poisoning the blood of our country”.

I ask Arturo Suarez’s brother, Nelson, how he felt watching Ms Noem posing in the prison, knowing that his brother might be close by.

“I feel bad,” he says, “I feel horrible, because in those images we only see criminals. With my brother, I feel it is more a political issue. They needed numbers, they said, these are the numbers, and now, let’s throw them to the lions.”

Kilmar Abrego Garcia. Pic: AP
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Kilmar Abrego Garcia. Pic: AP

Kilmar Abrego Garcia’s story

The Trump administration has admitted that at least one man sent to the El Salvador jail was sent by “administrative error”. Kilmar Abrego Garcia, who was living in Maryland, was sent to CECOT despite a judge’s earlier ruling in 2019 that granted him legal protection to stay in the US.

The White House has alleged Garcia is an MS-13 gang member, but his lawyers argued there is no evidence to prove this.

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A federal judge has ordered Garcia must be returned to the US by Monday 7 April. In a post on X, White House deputy chief of staff Stephen Miller referred to the judge as a “Marxist”, who “now thinks she’s president of El Salvador”.

White House press secretary Karoline Leavitt said: “We suggest the judge contact President Bukele because we are unaware of the judge having jurisdiction or authority over the country of El Salvador.”

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International stock markets tumble as Trump calls tariffs ‘medicine’

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International stock markets tumble as Trump calls tariffs 'medicine'

International stock markets have fallen dramatically overnight amid fears of a global trade war following Donald Trump’s sweeping tariffs, which he called “medicine”.

Japan’s Nikkei 225 stock index dived nearly 8%, Australia’s S&P/ASX 200 fell more than 6%, and South Korea’s Kospi lost 4.4%.

Meanwhile US stock market futures signalled further weaknesses, with the future for the S&P 500 losing 4.2% and the Dow Jones Industrial Average falling 3.5%, while the future for the Nasdaq lost 5.3%.

Mr Trump warned foreign governments would have to pay “a lot of money” to lift his tariffs, which he described as “medicine”.

“I don’t want anything to go down. But sometimes you have to take medicine to fix something,” he said on Air Force One.

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The US president said he had spoken to leaders from Europe and Asia over the weekend who had hoped to convince him to lower the tariffs, which are due to come into effect this week.

“I spoke to a lot of leaders, European, Asian, from all over the world,” Mr Trump said. “They’re dying to make a deal. And I said, we’re not going to have deficits with your country. We’re not going to do that because to me, a deficit is a loss. We’re going to have surpluses or, at worst, going to be breaking even.”

Mr Trump, who spent much of the weekend playing golf in Florida, posted on his Truth Social platform: “WE WILL WIN. HANG TOUGH, it won’t be easy.”

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Trump’s tariffs: What you need to know

On Saturday, US customs agents began collecting Mr Trump’s unilateral 10% tariffs on all imports from many countries.

Higher “reciprocal” tariffs of between 11% and 50% on individual countries are due to come into effect on Wednesday.

Mr Trump’s tariff announcements have jolted economies around the world, triggering retaliatory levies from China and
sparking fears of a global trade war and recession.

Investors and political leaders have struggled to determine whether the tariffs are here to stay, or are part of a permanent new regime or a negotiating tactic to win concessions from other countries.

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Is it time to change tactics with Trump?

It comes after Sir Keir Starmer promised “bold changes” as he announced he will relax rules around electric vehicles after carmakers were hit by Mr Trump’s tariffs.

The prime minister said “global trade is being transformed” after the US president‘s 25% levy on imported cars, and 10% tariff on other products, came into force.

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Global markets have given Trump a clear no-confidence vote

Jaguar Land Rover decision sparks anxiety in car-making hub

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‘Nothing off the table’ over tariffs

Meanwhile, KPMG warned US tariffs on UK exports could see GDP growth fall to 0.8% in 2025 and 2026.

The accountancy firm said higher tariffs on specific categories, such as cars, aluminium and steel, would more than offset the exemption on pharmaceutical exports, leaving the effective tariffs imposed on UK exports at around 12%.

Yael Selfin, chief economist at KPMG UK, said: “Given the economic impact that tariffs would cause, there is a strong incentive to seek a negotiated settlement that diminishes the need for tariffs. The UK automotive manufacturing sector is particularly exposed given the complex supply chains of some producers.”

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Day 77: Q&A – Trump’s tariffs, Putin’s Arctic, and penguins

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Day 77: Q&A - Trump's tariffs, Putin's Arctic, and penguins

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On Day 77, US correspondents Mark Stone and David Blevins answer your questions on everything from Trump’s “Liberation Day” tariffs and their impact on American consumers, to Trump’s relationship with Putin and if they have plans for the Arctic, and penguins.

If you’ve got a question you’d like Mark, Martha, and James to answer, you can email it to trump100@sky.uk.

Don’t forget, you can also watch all episodes on our YouTube channel.

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