The lawsuit takes issue with valuations on a number of Trump’s properties, including that the former president exaggerated the size of his penthouse in Trump Tower and overvalued his Mar-A-Lago estate in Florida. ![]() James sued Trump, his company and business associates-including his children-in November 2022, arguing the ex-president and his company had made more than 200 false statements that misstated the value of his assets to get more favorable business deals and inflate his own net worth. The former president ranked 1,217th on Forbes’ 2023 billionaires list. The AG’s office alleged in its opening statement Monday that Trump and his business associates fraudulently inflated numbers in part to boost Trump’s net worth to improve his ranking on Forbes’ billionaires list, as well as obtain more favorable interest rates. That’s Trump’s estimated net worth as of October, which was not high enough for him to make The Forbes 400 list this year. The judge has already ordered the cancellation of Trump’s business certificates based on finding him and his company liable for fraud, but James is asking him to impose a range of other penalties as well, including a $250 million fine and barring Trump from any commercial real estate acquisitions, or blocking him and his children leading any New York companies for the next five years. Engoron has already ruled in favor of James on one of her claims in the case, which found Trump and his company liable for fraud by misstating the value of their assets, but the trial is still moving forward on other claims-such as insurance fraud and falsification of business records-as well as proving intent to commit fraud and figuring out any damages in the case. The trial is a bench trial, meaning the judge will decide the case rather than a jury. Trump’s trial is expected to last until December, and the former president confirmed Tuesday he plans to testify in the case. “I want to emphasize: This trial is not an opportunity to relitigate what I have already decided,” he added, referring to his earlier order that allowed pre-2014 evidence. “Statutes of limitations bar claims, not evidence,” Engoron said Tuesday when debunking Trump’s claim, as quoted by the AP. Sometimes there may be multiple compounds with that element on one side, so you'll need to use your best judgement and be prepared to go back and try the other options.Trump’s attorneys have disagreed with that approach, arguing the statute of limitations should apply to the closing date of loans rather than the financial statements listing them, which would be earlier than 2014 and result in a lot of claims getting thrown out. Step 2: Multiply coefficients for compounds to balance out each elementįor each element that is not equal, try to balance it by adding more of it to the side with less. ![]() Step 1: Count the number of each element on the left and right hand sides When using the inspection method (also known as the trial-and-error method), this principle is used to balance one element at a time until both sides are equal and the chemical equation is balanced. To be balanced, every element in Ag = Ag2CO3 must have the same number of atoms on each side of the equation. The law of conservation of mass states that matter cannot be created or destroyed, which means there must be the same number atoms at the end of a chemical reaction as at the beginning.
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