During the civil fraud case against former President Trump, it was revealed that he allegedly boasted of having a net worth of up to $5 billion to secure a lease for a New York City golf course. Trump's children are set to testify in the case.
Trump , 77, also allegedly boasted of having a net worth of up to $5 billion — likely more than double what he really had — to land the coveted lease to a New York City golf course in 2010, according to documents.
“Was it your understanding that the appeal was withdrawn because the Trump Organization agreed with the value of the property assessor?” Andrew Amer — a lawyer with New York Attorney General Letitia James’ office — asked former Trump Organization Vice President Raymond Flores about the $27 million valuation.
Corbiciero explained in the email — which Flores forwarded to to ex-Trump Organization CFO Allen Weisselberg and Executive Vice President Eric Trump — that Mar-a-Lago could be valued at close to 10 times its assessed value if it was classified as a residence. The email went on to explain that the property would have to “meet certain requirements” for the exemption, including that Trump Org. would need to transfer ownership of the Florida estate to Trump personally.
Trump Net Worth Lease Golf Course Civil Fraud Case Testimony
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