"Mar-a-Lago Takes Center Stage in Trump's Civil Fraud Trial"

1 min read
Source: Yahoo News
"Mar-a-Lago Takes Center Stage in Trump's Civil Fraud Trial"
Photo: Yahoo News
TL;DR Summary

In Donald Trump's civil fraud trial, his defense focused on the value of his Mar-a-Lago club in Palm Beach, Florida. Testifying for the defense, a real estate attorney claimed that the club could be sold as a home, contradicting legal documents stating otherwise. A luxury real estate broker valued the property at over $1 billion and described it as "breathtaking." The value of Mar-a-Lago is a key element in the New York civil case, where the state attorney general alleges that Trump fraudulently inflated the property's worth. Trump denies any wrongdoing and argues that his financial statements undervalued his assets. The judge ruled that Trump exaggerated Mar-a-Lago's value by up to 2,300%.

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