Wrong. You can claim whatever you want, legally.
Common Tricks in Committing Fraud
It doesn't take a genius to cook the books. The tools are often simple:- Ship items to nonexistent customers, and then credit the accounts for a sale.
- Report nonexistent revenue from a sale, for example by prebilling a regular customer for his next purchase.
- Postpone reporting expenditures to a later billing period so current earnings look healthier.
- Falsify the value of an asset. If, say, a stock investment loses value, the company is supposed to reflect that on the balance sheet. Not doing that makes the company's assets look more valuable than they are.
Latisha James wouldn't be pursuing this, if what Trump did was legal.