Today's Video Headlines: 10/13/23
The Trump Organization’s top brass weighed padding Donald Trump’s net worth with a “presidential premium” while he was in office, according to testimony that closed out the second week of a fraud trial.
Trump Org Assistant Vice President Patrick Birney took the witness stand in Manhattan Supreme Court Friday morning in New York Attorney General Letitia James’ Birney — who began his testimony Thursday afternoon — said that company executives contemplated adding between 15% and 35% to the worth of Trump properties on the premise people would value them higher when Trump was the sitting president,
This was reflected on draft versions of a 2017 annual Statement of Financial Condition in which leadership wanted to add as much as $144 million to Trump’s assets for a “premium for presidential property,” Birney said. This included boosting the valuation of Mar-a-Lago which was described in the form as the “presidential winter residence,” according to records shown in court.Top brass at Trump Org weighed padding Donald Trump’s net worth with a presidential premium, a company executive testified Friday.
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