The Trump Organization's assistant controller, Donna Kidder, testified that around 2012, the company's then-chief financial officer, Allen Weisselberg, instructed her to omit from a financial ledger some of the fees the company charged to manage the building.
[...]
Lowering expenses would make the building's net operating income higher and, thereby, make the building more valuable, state attorneys said. The move helped the Trump Organization claim 40 Wall Street was worth $540 million when its true appraised value was $260 million, said the state.
ABC
Is that bad? That sounds bad.
Yeah, that's bad.A professional appraiser with the real estate company Newmark, Larson was cited in Trump Organization documents as an expert at valuing properties like 40 Wall Street, Trump Tower, and an adjoining retail space called "Niketown." Spreadsheets entered as evidence explicitly reference multiple phone calls with Larson between 2013 and 2017.
When asked about these phone calls in court, Larson testified that no such conversations occurred.
[...]
"Were you aware that Mr. McConney was citing you as a valuation source in his work papers?" Ladov asked.
"No, I was not," replied Larson, who said he did not assist Trump Organization executives in valuing Trump Tower, Niketown, or 40 Wall Street, despite Trump's paperwork referencing him as a source.
Evidence presented by the state instead suggested that the valuations were determined using cherry-picked metrics from a generic email Larson sent clients.
ABC
...but hey, do what you want...you will anyway.
UPDATE 10/18/2023: A slight glitch in Larson's testimony.
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