Without a doubt, Donald Trump overstated the worth of a number of the properties in his portfolio, as well as his personal financial standing and availability to financing, during his real estate career.
Whether it matters is the question at hand. In September, Judge Arthur Engoron determined that the former president and his business were accountable for deception in the civil case filed by New York Attorney General Letitia James in the previous year.
In order to calculate the damages that Trump owes, the prosecution has now rested their case in a different proceeding.
In addition to a ban that stops Trump and the other defendants—including his three adult children—from conducting business in New York, James is requesting payments totaling more than $300 million.
Now that the defense has presented its evidence, the trial is expected to conclude sometime in mid-December. Appeal at that point is likely.
On multiple occasions, Trump placed property values on his yearly financial statements that were significantly higher than what government records or experienced appraisers indicated those assets were worth, according to evidence presented by the prosecution.
The most well-known instance is perhaps when Trump claimed that his personal apartment in Trump Tower in Manhattan was 30,000 square feet when, in fact, it was only 10,996. According to the most recent estimate prosecutors looked at, the property might have been worth $117 million at the correct size.
Trump stated that the inflated size led him to value it at $327 million. In testimony, former Trump Organization CFO Allen Weisselberg stated that the apartment was overpriced, "give or take," by about $200 million.