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 Trump’s 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 president’s 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.
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