(PatriotNewsDaily.com) – Eric Trump slammed the New York judge that determined Mar-a-Lago’s valuation in a New York fraud case advocating that the property could be worth more than a billion dollars.
As he pointed out in his post on X, formerly known as Twitter, Mar-a-Lago had been found in the case to be worth around 18 million dollars, despite other speculations that the property could be worth more than a billion dollars. He argued that this is the “most valuable residential property” in the U.S. and that the case against Trump was just an attempt to have the Trump family kicked out of New York.
On Tuesday, Justice Arthur Engoron in a filing ruled that Trump, his adult sons, and his company had committed fraud for years and had falsely reported the value of his properties over the years in order to get more beneficial terms from banks and insurers. Two of the properties whose value came into question were Trump Park Avenue in New York and Mar-a-Lago in Florida.
Engoron determined that Mar-a-Lago’s value had been inflated in at least one financial statement by 2,300 percent. He pointed out that according to appraisals from Palm Beach County Assessor the property has been valued between $18 and $27.6 million dollars between 2011 and 2021.
In a different post, Eric Trump included a screenshot from home listings in the area, with a value estimated at more than $35 million. As he pointed out, those houses were around 1/30 the size of Mar-a-Lago did not have access to the beach, and did not extend from one side of Palm Beach island to the other.
The ruling is part of the lawsuit filed by New York Attorney General Letitia James against Trump, his adult sons, and the Trump Organization.
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