A Trump company accountant testified Ivanka Trump was given an option to buy the unit for $8.5 million, far less than it was valued in financial statements.
Ivanka Trump’s penthouse came up again Tuesday when her father, former president Donald Trump, was back in court for his civil fraud trial.
The $250 million trial stems from New York Attorney General Letitia James alleging Trump and top executives at his company, the Trump Organization, conspired to inflate his net worth on financial statements provided to banks, insurers and others to make deals and secure loans.
Judge Arthur Enhoron has already resolved the lawsuit’s top claim, ruling that Trump committed years of fraud by inflating the value of assets in his financial statements. The trial concerns the lawsuit’s remaining claims of conspiracy, insurance fraud and falsifying business records. Trump, who is leading the race in the polls for the 2024 Republican presidential nomination, has denied wrongdoing.
Trump was in court on Tuesday as Trump company accountant Donna Kidder testified that she was told to make some assumptions favorable to the company on internal financial spreadsheets, the Associated Press reported.
