"Trump Organization's Controversial 'Presidential Premium' Scheme Exposed in Trial"

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Source: Forbes
"Trump Organization's Controversial 'Presidential Premium' Scheme Exposed in Trial"
Photo: Forbes
TL;DR Summary

Documents presented in court reveal that executives at the Trump Organization considered adding a "presidential premium" to inflate the value of Donald Trump's properties during his presidency. The premium, which was not included in the final financial statements, could have added at least $140 million to Trump's net worth. The ongoing fraud trial, led by the New York Attorney General's office, alleges that Trump and his company fraudulently misrepresented asset values to obtain favorable business deals and boost Trump's net worth. Trump and his sons are expected to testify in the trial, which will determine if fraud was committed intentionally and may result in penalties such as fines and business restrictions.

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