verb (used with object), overstated, overstating.
to state too strongly; exaggerate: to overstate one's position in a controversy.

1630–40; over- + state

overstatement, noun

overstress, embroider, magnify.
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World English Dictionary
overstate (ˌəʊvəˈsteɪt)
(tr) to state too strongly; exaggerate or overemphasize

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Word Origin & History

1630s, "assume too much grandeur," from over + state (n.1). Meaning "state too strongly" attested 1803, over + state (v.). Related: Overstated, overstatement.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
It would be impossible to overstate what he has done.
If the samples are dried prior to testing, it will vastly overstate the
  available energy.
However, it is not helpful to overstate the vulnerability or understate the
  reliability of our present electric power system.
And, quite frankly, much of the problem is that they tend to use it in a way
  that they either overstate it or understate it.
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