Trump is expected to return to court for the trial next week when fixer-turned-foe Michael Cohen is scheduled to take the witness stand
Former US President Donald Trump’s top corporate deputies considered adding a “presidential premium” to his properties during his White House years, which would have padded his net worth by nearly $145 million dollars, an executive at the former president’s company has told a court.
A “presidential summer residence” premium at the same rate would have added $18.9 million dollars to the Bedminster golf club’s price tag on Trump’s annual financial statements, Birney said, increasing its listed value to about $145 million.Birney was testifying at the end of the second week of a non-jury trial in New York Attorney General Letitia James’ fraud lawsuit and will return on Monday.
As punishment, Judge Arthur Engoron ordered that a court-appointed receiver take control of some Trump companies, putting the future of Trump Tower and other properties in doubt, but an appeals court paused that from taking effect. That fix was made in Trump’s 2017 financial statement, after Forbes magazine published an article revealing the true size of the Trump Tower apartment.
Birney, who took on a central role in preparing Trump’s financial statements beginning in 2017, previously testified that Weisselberg, referring to Trump’s net worth, told him “Donald likes to see it go up”. He testified that one of their discussions happened in a Trump Tower bathroom. Birney said the “presidential premium” prices they calculated were removed from consideration in October 2017 and were never included in any of his financial statements.
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