The Lies Trump Allegedly Told About His Properties are Almost Impossible to Believe — They’re THAT BAD
Look, Donald Trump lies, A LOT.
So it shouldn’t come as any surprise that Trump lied about the sizes and values of his many properties, including his former home base, his Trump Tower penthouse in New York City.
New York Attorney General Letitia James has alleged that Trump submitted inflated valuations of his Trump Tower apartment based on the false premise that it was three times its actual size. THREE TIMES.
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This interesting little tidbit was revealed in a supplementary document submitted on Tuesday to the Supreme Court of New York. The document was part of James’ legal move on Tuesday to enforce subpoenas issued to Donald Trump and his eldest children, Donald Trump Jr., and Ivanka Trump.
“Thus far in our investigation, we have uncovered significant evidence that suggests Donald J. Trump and the Trump Organization falsely and fraudulently valued multiple assets and misrepresented those values to financial institutions for economic benefit,” James said in a statement. “The Trumps must comply with our lawful subpoenas for documents and testimony because no one in this country can pick and choose if and how the law applies to them.”
James continued, “The supporting data for Mr. Trump’s 2015 financial statement reported the value of Mr. Trump’s triplex apartment as $327 million, based on the apartment having 30,000 square feet of space multiplied by a certain price per square foot.”
But in Trump’s 2017 filing, the apartment was listed at 10,996.39 square feet and valued at only $116.8 million, based on a size of 10,996.39 square feet.
Trump literally TRIPLED the size and value of his apartment. And let’s be real, an 11,000 sq ft apartment is freaking huge. That’s nothing to be ashamed of. But you. know Trump, bigger is better so he had to lie.
And it wasn’t just Trump’s apartment he lied about. From Rolling Stone:
The motion filed by James’ office on Tuesday identified several other assets that may have been involved in alleged financial improprieties, including Trump’s triplex in Trump Tower, his golf course in Scotland, and the value of his personal brand.
The former president also involved his most favorite child in his lies as well.
The AG’s new filings include several news fraud allegations, including that Ivanka Trump held an option to purchase an apartment in the wildly overvalued Trump Park Avenue building for $8.5 million, though Trump’s financial statements valued it as high as $25 million. Must be nice.
AG James is currently investigating the Trump real estate company for fraud, specifically on the issue of whether the Trump organization artificially inflated or deflated the value of their properties for loan and tax purposes.
You can read more at the Associated Press.
And if you happen to be one of those people who enjoy reading legal documents, here’s James’ filing and it’s a doozy.
New York state’s Attorney General Letitia James has filed court documents requesting former Pres. Trump and two of his children be questioned under oath.
James said her investigators found the Trump Organization repeatedly engaged in “fraudulent or misleading” practices. pic.twitter.com/b5ftBpVijX
— CBS Mornings (@CBSMornings) January 19, 2022