Posted 10/19/2023, 7:48:00 PM
Eric Trump Testifies at Father's Fraud Trial, Documents Suggest 'Lofty' Golf Course Valuations
- NEW YORK (AP) — The spotlight at Donald Trump’s civil fraud trial turned Thursday to the former president’s son Eric.
- Documents and testimony suggested Eric Trump envisioned a “lofty” value on a suburban New York golf course where the family business proposed building luxury townhouses.
- Trump denies the allegations and says the documents actually underestimated the value of his prime properties.
- An appraiser said Eric Trump may have had a “more lofty value” in mind, but a higher number wouldn’t have been credible for the property.
- A lending executive said Donald Trump’s claimed net worth played a role — but not a key one — in securing a $160 million refinancing loan on a Wall Street office building in 2015.