![]() Trump stated to him ‘that he did not want things put in writing in communications between us.’” One witness, described in the filing as representing Trump in the lower Hudson Valley where his Seven Springs estate and numerous golf courses are located, testified that he spoke directly with Trump “about once a week.” And, according to the filing, “he ‘seldom’ communicated in writing with Trump because Mr. James’ office alleges that the Trump Organization had a pattern of not putting things in writing. The values differed from the Trump Organization’s own contemporaneous budgets, according to the filing. ![]() Trump presented a value for 40 Wall Street on his Statements of Financial Condition of $601.8 million in 2010, $524.7 million in 2011, $527.2 million in 2012, and $530.7 million in 2013,” the New York attorney general alleged. That appraisal, based on the terms of the ground lease, was revised to $260 million in 2012.īut it’s alleged Trump valued the building much higher on his financial statements. In 2010, as part of a loan modification, appraisers valued Trump’s stake in this commercial building at $200 million. (Separately, Weisselberg has been charged with 15 counts of fraud. Weisselberg admitted that this amounted to an overstatement of “give or take” $200 million,” according to the filing. Trump’s triplex in the 20 were overstated almost by a factor of three, as Mr. CFO Allen Weisselberg admitted the value had been overstated in earlier years. But in 2017, the value of the penthouse was changed to $116.8 million, reflecting its accurate square footage of 10,996.39 square feet. In 2015, Trump reported the value of his Trump Tower penthouse at $327 million, derived from an assessment that the apartment was 30,000 square feet. Trump’s penthouse value may have been inflated Here are some key insights from the attorney general’s filing: Trump has denied wrongdoing, and a spokesperson for the Trump Organization said in a statement that the “allegations are baseless and will be vigorously defended.” James alleged since initiating the investigation in 2019 that her office has uncovered “significant” evidence “indicating that the Trump Organization used fraudulent or misleading asset valuations to obtain a host of economic benefits, including loans, insurance coverage, and tax deductions.” New York attorney general's office says it has identified numerous 'misleading statements and omissions' in Trump Org. People walk by Trump Tower on Septemin New York City.
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