The Soapbox

TomGlansAski

Joined: 12/05/2017 Posts: 30898
Likes: 56991


Trump Criminal Enterprises controller testifies about inflating property


values at the direction of Eric (the dumber one). Buh, totally normal, amirite?


Excerpts:

A former Trump Organization controller testified that Eric Trump asked him to take into account homes not yet built by the company in order to inflate Trump's property values.

"You have treated, for the purposes of this valuation, a profit of $23 million per home as if it were realized immediately?" Amer asked, per ABC News.

"Correct," McConney said on the stand.

McConney, questioned by the NY Attorney General's special counsel Andrew Amer, testified that when valuing Trump's Seven Springs development in Westchester County, New York, in 2011, seven mansions not yet built at the property were added to the calculations. McConney said he did this after a phone conversation with Eric Trump, who now serves as Executive Vice President for the Trump Organization.

McConney also told the courtroom he used other methods to increase the value of Trump properties, according to CNN, indicating 71 unbuilt units as realized profits when valuing Trump's Briarcliff golf course, failing to factor rent-stabilized apartments when valuing Trump's Park Avenue property, and adding the value of the Trump brand in their calculations of some of Trump's golfing properties — contradicting financial statements explicitly stating the opposite.

Link: Click


Posted: 10/08/2023 at 10:32AM



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