Trump’s penthouse value estimate boosted by millions due to his fame, execs testify in fraud trial
NEW YORK (AP) — Donald Trump’ s corporate executives once boosted the estimated worth of his Trump Tower penthouse by $20 million partly because of the value of his celebrity, according to trial testimony Thursday.
Another $100 million hike in the estimate was based on a single email from a real estate broker, who hadn’t commissioned an appraisal, didn’t inspect the triplex and was told it was three times its actual size.
From a witness stand, former Trump Organization controller Jeffrey McConney shed light Thursday on calculations central to Trump’s New York civil business fraud trial.
New York Attorney General Letitia James’ lawsuit alleges the former president conspired with top executives to exaggerate his wealth and deceived lenders and others. Trump denies any wrongdoing.
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