Executive at Donald Trump’s company says 'presidential premium' was floated to boost bottom line

  • 📰 ksatnews
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Donald Trump’s top corporate deputies considered adding a “presidential premium” to his Trump Tower penthouse, Mar-a-Lago resort and other assets during his White House years, a gambit that would’ve padded his net worth by nearly $145 million, an executive at the former president’s company testified Friday.

FILE - Former President Donald Trump speaks to reporters as he leaves the courtroom during a lunch break in his civil business fraud trial, Oct. 4, 2023, in New York. Donald Trumps lawyers asked a New York appeals court Friday to halt his Manhattan civil fraud trial while they fight a court ruling that calls for dissolving companies that control some of the former presidents most prized assets, including Trump Tower.

In a pretrial decision last month, a judge ruled that Trump and his company committed years of fraud by exaggerating the value of Trump’s assets and net worth on his financial statements. Those documents were given to banks, insurers and others to make deals and secure financing. Birney, the only witness to testify Friday, indicated Trump executives started pondering a potential “presidential premium” as they sought ways to recoup a loss in value incurred from correcting the size of Trump’s 10,996 square foot Manhattan penthouse, which had been wrongly valued for years at nearly three times that square footage.

He said one of the discussions he had with Weisselberg about valuing Trump’s properties happened in a Trump Tower bathroom.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 442. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Executive at Donald Trump’s company says 'presidential premium' was floated to boost bottom lineDonald Trump’s top corporate deputies considered adding a “presidential premium” to his Trump Tower penthouse, Mar-a-Lago resort and other assets during his White House years, a gambit that would’ve padded his net worth by nearly $145 million, an executive at the former president’s company testified...
Source: KIRO7Seattle - 🏆 271. / 63 Read more »

Executive at Donald Trump’s company says 'presidential premium' was floated to boost bottom lineDonald Trump’s top corporate deputies considered adding a “presidential premium” to his Trump Tower penthouse, Mar-a-Lago resort and other assets during his White House years, a gambit that would’ve padded his net worth by nearly $145 million, an executive at the former president’s company testified Friday.
Source: AP - 🏆 728. / 51 Read more »

Executive at Donald Trump’s company says 'presidential premium' was floated to boost bottom lineDonald Trump’s top corporate deputies considered adding a “presidential premium” to his Trump Tower penthouse, Mar-a-Lago resort and other assets during his White House years, a gambit that would’ve padded his net worth by nearly $145 million, an executive at the former president’s company testified...
Source: sdut - 🏆 5. / 95 Read more »

Executive at Donald Trump’s company says 'presidential premium' was floated to boost bottom lineDonald Trump’s top corporate deputies considered adding a “presidential premium” to his Trump Tower penthouse, Mar-a-Lago resort and other assets during his White House years, a gambit that would’ve padded his net worth by nearly $145 million, an executive at the former president’s company testified...
Source: WOKVNews - 🏆 247. / 63 Read more »

Executive at Donald Trump’s company says 'presidential premium' was floated to boost bottom lineDonald Trump’s top corporate deputies considered adding a “presidential premium” to his Trump Tower penthouse, Mar-a-Lago resort and other assets during his White House years, a gambit that would’ve padded his net worth by nearly $145 million, an executive at the former president’s company testified Friday.
Source: KPRC2 - 🏆 80. / 68 Read more »