Posted on 10/03/2023 10:43:33 AM PDT by ChicagoConservative27
The purported value of Ivanka Trump’s Park Avenue penthouse came under scrutiny this week during testimony at trial in the New York attorney general’s $250 million civil fraud case against the former president.
Donald Bender, a former accountant for Donald Trump at the accounting firm Mazars USA, testified in Manhattan Supreme Court on Monday that he saw errors between the value listed for the posh pad on financial documents and its potential sale price.
Bender explained from the witness stand that, while he wasn’t in charge of auditing the company financials, he “from time to time” would tell Trump Organization officials that there were discrepancies on company financial documents, according to a CNN report.
(Excerpt) Read more at nypost.com ...
lol no doubt!
The democrat base doesn’t understand how finance works so white liberal ‘elites’ can lie to them with ease and they’ll carry the ‘message’. Not only are prices in flux and often wrong but both parties in a contract have an obligation to ‘check the numbers’ before signing on the dotted line.
Trump’s Mar a Largo Estate was ‘valued’ by corrupt New York court idiots at 18 million. NO ONE outside of democrat idiots and their butt boys in the press would believe that for a second...
Then explain what you mean
So what? This is totally ridiculous.
Did the two parties to the loan do their due diligence?
Was the valuation acceptable to both parties?
Was the loan paid in full with interest?
Then WTF is the problem?
Who was defrauded?
Ridiculous. I’m more than willing to give a break to a relative. In fact, I had an offer on a place in the mountains at less than half what it’s listed for. Why? I’m family and to keep it in the family. I didn’t buy because of other concerns, but family and friends often get cut rate deals.
A property can actually have 3 values on 3 different documents. First it can have an assessed value on my tax bill. It can have a market value or” “appraised value” on a loan document if i use it as collateral on a loan. It can have a book value on my tax returns which is the purchase price minus the yearly depreciation I took on it for the years I owned it.
A luxury residential building in NYC may be worth $400 million. Call it Trump Tower or Trump Park or Trump Plaza, and it might be worth $600 million because people will pay a premium to live there.
The insurance policy will be based on the value of repairing or replacing a $400 million building, not a $400 million building plus the $200 million “brand” value.
Horry County, SC did something like that to me one year. The tax savings more than paid for the guy who I paid to file and follow up with the assessment protest.
Assets on financial statements are usually listed at cost. On other statements they may be listed at estimated market value. Market value is in the eye of the beholder.
It’s illegal to falsify financial statements.
Claiming different values on these statements is fraud. Some of his companies have already been found guilty of doing this.
And illegal.
The only way to fight this....fight fire with fire. We need Republican AG’s to start filing similar charges against ranking Democrats.
So this turd was not in charge of auditing but stuck his nose in anyway
Lol.
Yawn
Depends on feast the documents was for. Lots of different kinds of documents
On a tax form one who list the purchase price. On a loan document one would guesstimate a sales price
You are e so foolish
Wow I live in New York - unfortunately- and I was thinking of selling my car. I better get the exact value down to the penny and have a professional assessor sign a form, stamped, notarized by several witnesses, and get several professional mechanics to assess the value before I even think of selling otherwise professional Clinton crime ignorer Letitia James will come after me.
Then explain
Isn’t that rather subjective?
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