The spotlight at Donald Trump’s civil fraud trial turned Thursday to the former president’s son Eric, with documents and testimony suggesting the scion envisioned a “lofty” value on a suburban New York golf course where the family business proposed building luxury townhouses.
Eric Trump arrives at New York Supreme Court, Monday, Oct. 2, 2023, in New York. Former President Donald Trump is making a rare, voluntary trip to court in New York for the start of a civil trial in a lawsuit that already has resulted in a judge ruling that he committed fraud in his business dealings. Former President Donald Trump comments to the media during a break of his civil business fraud trial at New York Supreme Court, Wednesday, Oct. 18, 2023, in New York.
McArdle’s appraisal ultimately came in at $43.3 million. In an email exchange as a ballpark figure was becoming clear, he and some lawyers for the Trump company strategized about how to present it to their client. Lawyers for the Trumps haven’t yet had their turn to question McArdle. In pretrial testimony, Eric Trump said he didn’t recall much about engaging with McArdle and the other appraisers about the golf course, and that the easement was something the company briefly explored but didn’t pursue.
“The net worth statement is one of many thing that we look at in the underwriting process. I wouldn’t say it was a key factor … it was a factor,” Weisselberg testified, explaining that “liquidity was what we were really paying attention to.”
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