Tag

Valuation Inflation

All articles tagged with #valuation inflation

"NY AG reveals how Trump's expert witnesses backfire in fraud trial"
legalcriminal-justice2 years ago

"NY AG reveals how Trump's expert witnesses backfire in fraud trial"

New York Attorney General Letitia James stated that the expert witnesses presented by Donald Trump in her civil fraud case against him and his real estate empire are actually helping her case. One expert admitted that the valuations of some properties on Trump's financial statements were improper, while another testified that Trump personally asked for his help in the trial. James also claimed that Trump's political action committee paid an accounting professor to testify that the value of Trump's triplex was inflated. Of the 11 experts called by the defense, two testified for free, and the rest cost Trump's legal team over $2 million. The trial seeks $250 million in penalties and a ban on Trump and his associates from doing business in New York.

Donald Trump Jr. defends father's brilliance in New York fraud trial
legalcriminal-justice2 years ago

Donald Trump Jr. defends father's brilliance in New York fraud trial

Donald Trump Jr testified in his family's civil fraud trial in New York, praising his father as a "genius" in real estate who could create luxury from nothing. The trial revolves around allegations that the Trump Organization inflated valuations to secure favorable loans. A loss in court could have significant consequences for the Trump real estate empire, potentially leading to a ban on doing business in New York. Despite Trump Jr's charm offensive, the judge has already ruled that his father significantly inflated property values, casting doubt on the effectiveness of his testimony.