Close Menu
  • Entertainment
  • Lifestyle
  • Relationships
  • Tips & Tricks
  • Celebrity Kids
Facebook X (Twitter) Instagram
  • Disclaimer
  • About us
  • Privacy Policy
  • Contribute & Advertise with Us
Facebook X (Twitter) Instagram Pinterest Vimeo
GistFestGistFest
  • Entertainment

    Brody Jenner Ties the Knot With Tia Blanco in Dreamy Malibu Ceremony — See the Intimate Moments

    July 17, 2025

    Scheana Shay Drops Bombshell: Brock Davies Cheated While She Was Pregnant

    July 16, 2025

    New Details Emerge in Sophia Hutchins’ Fatal Crash, Say Police

    July 15, 2025

    Anna Kendrick’s New Romance: Meet Comedian Alex Edelman

    July 14, 2025

    Eva Marcille Reconciles With Ex Michael Sterling Two Years Post-Divorce 

    July 11, 2025
  • Lifestyle

    Brody Jenner Ties the Knot With Tia Blanco in Dreamy Malibu Ceremony — See the Intimate Moments

    July 17, 2025

    Scheana Shay Drops Bombshell: Brock Davies Cheated While She Was Pregnant

    July 16, 2025

    New Details Emerge in Sophia Hutchins’ Fatal Crash, Say Police

    July 15, 2025

    Anna Kendrick’s New Romance: Meet Comedian Alex Edelman

    July 14, 2025

    Eva Marcille Reconciles With Ex Michael Sterling Two Years Post-Divorce 

    July 11, 2025
  • Relationships

    Brody Jenner Ties the Knot With Tia Blanco in Dreamy Malibu Ceremony — See the Intimate Moments

    July 17, 2025

    Scheana Shay Drops Bombshell: Brock Davies Cheated While She Was Pregnant

    July 16, 2025

    New Details Emerge in Sophia Hutchins’ Fatal Crash, Say Police

    July 15, 2025

    Anna Kendrick’s New Romance: Meet Comedian Alex Edelman

    July 14, 2025

    Eva Marcille Reconciles With Ex Michael Sterling Two Years Post-Divorce 

    July 11, 2025
  • Tips & Tricks

    Brody Jenner Ties the Knot With Tia Blanco in Dreamy Malibu Ceremony — See the Intimate Moments

    July 17, 2025

    Scheana Shay Drops Bombshell: Brock Davies Cheated While She Was Pregnant

    July 16, 2025

    New Details Emerge in Sophia Hutchins’ Fatal Crash, Say Police

    July 15, 2025

    Anna Kendrick’s New Romance: Meet Comedian Alex Edelman

    July 14, 2025

    Eva Marcille Reconciles With Ex Michael Sterling Two Years Post-Divorce 

    July 11, 2025
  • Celebrity Kids

    Brody Jenner Ties the Knot With Tia Blanco in Dreamy Malibu Ceremony — See the Intimate Moments

    July 17, 2025

    Madison LeCroy Welcomes Baby No. 2 — the Heartwarming Story Behind the Name

    July 9, 2025

    Ariana Zolciak Supports Kim Zolciak and Siblings Amid Ongoing Money Issues

    July 7, 2025

    Sofia Richie and Elliot Grainge Revisit Lavish Wedding Venue Amid Backlash Over Cheating Rumors

    June 24, 2025

    Exes Megan Fox and MGK Unveil Their Baby Girl’s Name Following ‘Celestial Seed’ Mix-Up

    June 20, 2025
Subscribe
GistFestGistFest
Home » Trump’s Expert Witness Says Real Estate Values Not “Reasonable”
General

Trump’s Expert Witness Says Real Estate Values Not “Reasonable”

OlamideBy OlamideDecember 10, 20233 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
A picture of former President Donald Trump during a hearing
Source: Pinterest
Share
Facebook Twitter LinkedIn Pinterest Email
A picture of former President Donald Trump during a hearing
Source: Pinterest

Former President Donald Trump’s trial for a $250 million civil lawsuit in New York has taken a new turn. The New York Attorney General Letitia James accused Trump and others of engaging in a decade-long scheme. James said they engaged in “numerous acts of fraud and misrepresentation” to inflate Trump’s net worth.

Consequently, Trump and his associates are on trial in New York for exaggerating the value of their real estate to secure loans and insurance. Judge Arthur Engoron has already found them liable for fraud, meaning the trial is primarily to determine damages. The trial comes after the judge ruled that Trump submitted “fraudulent valuations” for his assets. 

However, the former president has denied all wrongdoing. Also, his attorneys have argued that Trump’s alleged inflated valuations were a product of his business skills. According to reports, Trump also names several other unusual assets.

ALSO READ: Trump’s Lawyer Claims That Special Counsel Refused to Find Evidence That Could Exonerate Him

These include $100,000 in physical gold bars and $2.8 million in Ethereum cryptocurrency. In addition, he has trademarks in Iran, Ukraine, Turkey, Qatar, the United Arab Emirates, Saudi Arabia, Taiwan, and South Korea.

Consequently, James’ lawsuit seeks to bar Trump from doing business in New York because he has fraudulently misstated his assets. According to reports, two sets of Trump’s 2023 financial disclosures show vastly different valuations for many entities. The first disclosure, filed in April, was Trump’s required filing as a presidential candidate.

The second one, in July, revised the statements made by the first, said Mattathias Schwartz. In a filing with the Office of Government Ethics, Trump claimed that the TAG Air is worth $1,001 or less. However, in a revised July filing, Trump valued TAG Air at between $5 million and $25 million.

POLL — Should Donald J. Trump Be Allowed to Run for Office?

An expert witness called by Donald Trump’s defense lawyers made a shocking claim. He testified that real estate valuations presented by the Trump Organization were not “proper” or “reasonable.” Under cross-examination, the prosecutor asked real estate expert Frederick Chin about property values claimed by the Trump Organization.

“Was the Seven Springs valuation proper?” a New York District Attorney’s Office prosecutor asked. “No, “Chin admitted. “I would use potentially different methods,” he said, according to Courthouse News correspondent Erik Uebelacker.

ALSO READ: Donald Trump Can Be Sued for January 6th Riot, Says an Appeal Court Ruling

Donald Trump’s “genius factor” could have added billions of dollars to the actual value of his property portfolio, Chin said. In addition, he said Trump was using the “as if” investment value to put a price on his holdings. He added that the former president is not using the “as is” market value.

According to Chin, the “as if” value allows developers to consider plans for the property when setting its value. In addition, he gave an example of a vacant lot in New York with a market value of $500 million. He said the property could cost $2 billion to a developer who wants to build a hotel there.

You Might Also Like:

  • There Will No Longer Be Self Checkouts at Walmart, Costco, and Wegmans Soon!
  • Fauci Must Now Face the Music: He Has Agreed to Testify
  • POLL—Should Public Schools Include Critical Race Theory and Sex Education in Their Curriculum?
  • Arizona Border Overwhelmed by Migrant Crossings Shuts Down
  • No More Religious Activities Over the PA System in This Oklahoma School as Parents Push Back

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleHundreds of Ford Dealerships Hit the Brakes on Stocking EVs
Next Article Florida Professors Say DeSantis’ Administration Is Why They’re Leaving

Related Posts

General

Rihanna’s Pregnancy Update: A$AP Rocky Hints at Baby’s Sex

July 4, 2025
General

Jeff Bezos Wedding Surprise: The One-of-a-Kind Gift for Every Guest

July 1, 2025
General

Jessica Alba Paid Tribute to Estranged Husband Cash Warren on First Father’s Day After Their Split

June 19, 2025
Latest Posts

Brody Jenner Ties the Knot With Tia Blanco in Dreamy Malibu Ceremony — See the Intimate Moments

July 17, 2025

Scheana Shay Drops Bombshell: Brock Davies Cheated While She Was Pregnant

July 16, 2025

New Details Emerge in Sophia Hutchins’ Fatal Crash, Say Police

July 15, 2025

Anna Kendrick’s New Romance: Meet Comedian Alex Edelman

July 14, 2025

Eva Marcille Reconciles With Ex Michael Sterling Two Years Post-Divorce 

July 11, 2025

Kelly Osbourne Engaged to Sid Wilson During Ozzy’s Black Sabbath Farewell

July 10, 2025

Madison LeCroy Welcomes Baby No. 2 — the Heartwarming Story Behind the Name

July 9, 2025

Diddy Found Guilty of Prostitution Charges, Cleared of Sex Trafficking

July 8, 2025
About
About

We’re a news, entertainment and lifestyle hub that is dedicated to giving you quality insight on the latest lifestyle news, movie and TV news, celebrity news and lots more.

Contact us: info@gistfest.com

MOST POPULAR

Alina Nikitina: Everything We Know About the Russian Model

October 4, 2023

Jacob’s Ladder Piercing: All You Need To Know

July 21, 2023

Jennifer Rauchet: Inside the Life of Pete Hegseth’s Wife

August 30, 2023

Subscribe to Updates

Get the latest news delivered straight to your inbox!

Facebook X (Twitter) Instagram
  • Disclaimer
  • About us
  • Privacy Policy
  • Contribute & Advertise with Us
© 2025 GistFest. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.