Donald Trump routinely overvalued his net worth by billions of USD each year between 2011 and 2021, New York’s attorney general alleged on Wednesday.

In documents filed in support of an ongoing USD 250 million civil suit against the former president, state Attorney General Letitia James claimed that Trump and some of his associates submitted “grossly inflated” numbers to banks and insurers “to secure and maintain loans and insurance on more favorable terms”.

The scheme resulted in “hundreds of millions of dollars in ill-gotten savings and profits”, the documents alleged.

James’ lawsuit against the current Republican frontrunner in the 2024 presidential race dates back to last year, when she accused Trump, some of his children and the Trump Organization business of tax and financial fraud.

The trial is due to start 2 October, with a preliminary hearing 22 September.