Trump Has Been Lying About Trump Tower For Decades
his 11,000-square-foot penthouse was about 30,000 square feet, changing his financial statements to reflect the true size only aftercalled him out on it. That lie became a key piece of evidence in both the attorney general’s case and the district attorney’s investigation. Strangely, no one seems to have drilled down on the fact that Trump also was throwing out inconsistent numbers for the square footage of the building’s commercial space, which is far more valuable than the penthouse.
When appealing its property taxes, the Trump Organization listed a similar overall square footage figure—234,000. Although the filings made it clear that a small portion of that space could not be rented, the former president’s firm also seems to have used the common space to suggest huge vacancies in the building, which could theoretically decrease the property’s value.
The manipulation of numbers carried over to Trump’s personal financial statements, which authorities say he passed along to lenders. In those documents, the real estate mogul marked Trump Tower at absurd values, part of his wider effort to make the Trump empire seem like it was worth more than it really was.
“That sold for $1.8 billion, and it’s smaller,” Trump said, referring to the neighboring Crown Building, which was in fact nearly 150,000 square feet larger than his space in Trump Tower, according to the Trump Organization’s own documents.Donald Trump took a break from running for president in September 2015 to speak to Forbes about his assets, including Trump Tower, which he falsely claimed was worth billions.
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