The 222-page complaint issued Wednesday claims that Mr. Trump told two different stories about the value of Trump Tower in Chicago – using one story in which the building was highly valued when he was trying to secure loans against it, while using another story that claimed the tower was"worthless" for massive tax writeoffs.
The lawsuit claims that since 2009, Trump International Hotel & Tower Chicago, at 401 N. Wabash Ave., has been excluded from the balance sheet for the Trump Organization – on the grounds, according to sworn testimony, that Mr. Trump did not want to put information on those statements that would conflict with what he told tax authorities was the tower's value.
James said the false statements were also made involving the other Trump Organization properties – including the New York Trump Tower, 40 Wall Street in New York, Mr. Trump's palatial Mar-a-Lago home in Florida, and resort and his various golf clubs, including the Trump Aberdeen in Scotland. "Mr. Trump represented the apartment spanned more than 30,000 square feet, which was the basis for evaluating the apartment. In reality, the apartment has an area of less than 11,000 square feet," she said.
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