I am a New York-based senior reporter covering breaking news at Forbes. I previously covered politics and news for Vanity Fair and Mic, and as a theater critic I serve as a member of the New York Outer Critics Circle. Follow me on Twitter @alisond64 or get in touch at [email protected].
Trump Organization executives considered using Donald Trump’s presidential status to inflate the value of his properties, according to documents shown in court Friday, as New York Attorney General Letitia James’ office argues Trump and his company fraudulently misstated the value of his assets as a way to obtain more favorable business deals and boost Trump’s net worth.
The premiums were focused on Trump’s personal homes, including his Trump Tower penthouse, Mar-A-Lago estate and Trump National Golf Club in Bedminster, New Jersey. Trump Organization executives ultimately didn’t include the premium in the final financial statement the company prepared for financial institutions.during Trump’s presidency that his status in the White House could have added value to some of his assets, including an estimated potential $10 million boost to the value of his Trump Tower penthouse and $6 million to the value of his Boeing 757 aircraft., which was an estimated $3.1 billion from 2017 to 2019 and $2.5 billion in 2020.
Trump Fraud Trial: AG Argues Ex-President Changed Numbers To Boost Net Worth As His Attorney Claims Trump Is ‘Right About Real Estate’
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