According to Engoron's ruling, Trump and his company overstated the valuations of many properties by hundreds of millions of dollars. For instance, the Palm Beach Assessor valued Trump's Mar-a-Lago club as little as $18 million between 2011 and 2021 — a valuation that his local property taxes were based on. During those years, however, Trump valued the same property as high as $714 million on his annual statements of financial conditions.
Engoron huddled with his law clerk Allison Greenfield, whispering for several minutes, before replying that he doesn't yet have an answer."But we will take that up in various contexts, I'm sure," Engoron said. "Which of the entities are actually covered here? You have New York entities that own just a house, like a townhouse or something, like Eric's or Don Jr.'s residence," Kise said, referring to Trump's sons, Donald Trump, Jr. and Eric Trump.
Business certificates, once approved by a state, legally authorize an entity to do business within that state, Cintron noted.
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