Testimony from a real estate executive in the fraud trial brought by the New York State Attorney General Letitia James against the Malignant Loser indicates appraisals were never conducted by him, contrary to the Malignant Loser's filings. Doug Larson testified that phone calls to him that were referenced in the Malignant Loser's financial documents never occurred, and an appraisal by him never conducted. From AP's report:
"Larson, a real estate brokerage executive and certified appraiser, assessed Trump properties for lenders. He was taken aback when told on the stand that he was repeatedly cited as an outside expert in former Trump Organization controller Jeffrey McConney’s valuation spreadsheets.
'It’s inappropriate and inaccurate,' Larson testified. 'I should have been told, and an appraisal should have been ordered.'
When it came to valuing a storefront formerly known as Niketown, McConney relied on rates of return for a different type of property, rather than for comparable retail space, Larson testified. He also said he appraised a Trump-owned Wall Street building at $540 million in 2015, while McConney valued it at $735.4 million on Trump’s financial statement." (our emphasis)
Another witness, Trump Organization accountant Donna Kidder, testified that the Malignant Loser's corrupt chief financial officer Allen Weisselberg had her inflate values of properties to improve the Malignant Loser's bottom line:
"Kidder, the Trump company accountant, testified that as she filled out spreadsheets documenting the value of a Trump-owned Wall Street office building, then-finance chief Allen Weisselberg told her to act as if the skyscraper would be fully leased by a certain date, even if some space was currently vacant. For a Park Avenue residential tower, she was told to project that unsold units “would all sell out' in a certain timeframe." (our emphasis)
The accumulation of testimony and evidence in this case that deliberate fraud was committed should convict the Malignant Loser. He'll delay and appeal, of course, but the evidence that Attorney General James has assembled in extensive and unassailable.
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