Trump's lawyers took to court Friday to effectively kill the New York AG's case just days before it's set to begin.
“There was rampant fraud in preparation of Trump’s personal financial statements,” said Andrew Amer, a lawyer at the New York Attorney General’s Office. “The defendants used those fraudulent statements repeatedly and persistently with banks and insurance companies in transactions seeking financial benefits.”
In one example, Amer noted how Trump repeatedly valued his South Florida oceanside estate of Mar-a-Lago at 28 times more than the official Palm Beach County government property appraiser. A chart displayed in the courtroom showed how the former president’s winter home was valued by the county in 2018 at $25 million—while the real estate mogul set the value at $714 million.
The evidence on display was extensive. Investigators found that Trump duped insurance companies by lying about his stash of cash. They claimed that the Trumps inflated the value of Trump Tower in Midtown Manhattan by an estimated $178 million by incorrectly declaring funds as “stabilized income” when it wasn’t.
As of 11:25 a.m., Trump’s lawyers had not yet spoken in court. However, they have questioned the AG’s authority to pursue this lawsuit and argued that it seeks to clamp down on real estate deals that are too old to even consider in court. However, Engoron in past court hearings has repeatedly shown absolute astonishment at the extent of Trump’s lies, often noting the way Trump on paper tripled the size of his Manhattan penthouse at Trump Tower, simply making up the existence of 20,000 square feet that inflated the value of his property by more than $200 million in that instance alone.
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