Former Trump Finance Chief in Testimony Says Penthouse, Assets Were Overvalued

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Former president Donald Trump is facing four separate indictments at both state and federal levels. WSJ breaks down each of the indictments and what they mean for his 2024 presidential campaign. Photo Illustration: Annie Zhao

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https://www.wsj.com/us-news/former-trump-finance-chief-in-testimony-says-penthouse-assets-were-overvalued-7cedc1a0Allen Weisselberg, appearing in civil-fraud trial, said he didn’t review line-item values and relied on valuations provided by othersFormer President Donald Trump is facing four separate indictments at both state and federal levels. WSJ breaks down each of the indictments and what they mean for his 2024 presidential campaign.

The Trump Organization’s longtime finance chief Allen Weisselberg took the witness stand Tuesday and said under questioning that the real-estate empire’s financial statements inflated the value and size of some assets, includingThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.

 

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Trump's Fmr Finance Chief to Testify in Fraud TrialAs Donald Trump's longtime finance chief, Allen Weisselberg helped spare the former president's real estate empire from its last existential threat, staving off insolvency after casino bankruptcies and an airline failure in the 1990s. Now, after a recent jail stint for tax...
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