Trump Org Weighed Adding 'Presidential Premium' to Property Values While in Office to Offset Drop in Net Worth: AG
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Trump Organization executives considered adding a "presidential premium" of 15-35% to Trump property valuations while he was in office.
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This was to make up for a $200M drop in Trump's net worth from 2016-2017 revealed by Forbes.
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The premium was not included in the final 2017 Statement of Financial Condition.
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AG Letitia James alleges Trump lied about his net worth from 2011-2021 to get better loan/insurance terms and climb the Forbes billionaires list.
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Trump's former lawyer Michael Cohen, a convicted felon, is expected to testify next week.