Under oath in NY fraud deposition, calls brand 'hottest in the world,' worth $10 billion

In a seven-hour deposition in New York Attorney General Letitia James' civil fraud lawsuit, Trump testified under oath that his personal brand alone was worth "maybe $10 billion," calling it "the most valuable asset I have" and "the hottest brand in the world." The lawsuit accuses Trump and his company of inflating asset values on financial statements given to banks and insurers to obtain favorable loan and tax terms. In the same deposition, Trump pointed to a disclaimer clause on those statements, testifying, "I have a clause in there that says, 'Don't believe the statement. Go out and do your own work,'" and said recipients were "supposed to pay no credence to what we say whatsoever." The gap between his public brand valuation and his sworn distancing from his own financial statements' reliability bore directly on the state's fraud claims.

“I have a clause in there that says, 'Don't believe the statement. Go out and do your own work.'” Quote verified against source