Trump applied similar fuzzy math to his Mar-a-Lago estate in Palm Beach, Florida, the lawsuit alleged, by valuing the private club and residence as high as $739-million – more than 10 times a more reasonable estimate of its worth. No apartment in New York City has ever sold for close to that amount, James said. Yakabuski: Would prosecuting Trump be worth the toll it would take on a fractured nation?įor example, according to the lawsuit, Trump claimed his Trump Tower apartment – a three-story penthouse replete with gold-plated fixtures – was nearly three times its actual size and valued the property at $327-million. ![]() It details dozens of instances of alleged fraud, many involving claims made on annual financial statements that Trump would give to banks, business associates and financial magazines as proof of his riches as he sought loans and deals.Ĭoyne: Donald Trump’s rendezvous with reality may be fast approaching In its 222 pages, the suit struck at the core of what made Trump famous, taking a blacklight to the image of wealth and opulence he’s embraced throughout his career – first as a real estate developer, then as a reality TV host on The Apprentice and later as president.
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