Trump's penthouse value estimate boosted by millions due to his fame, execs testify in fraud trial

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Trump's corporate underlings once boosted the estimated worth of his penthouse by $20 million because of his celebrity, former executive testifies in fraud trial.

Donald Trump’ s corporate executives once boosted the estimated worth of his Trump Tower penthouse by $20 million partly because of the value of his celebrity, according to trial testimony Thursday. Another $100 million hike in the estimate was based on a single email from a real estate broker, who hadn’t commissioned an appraisal, didn't inspect the triplex and was told it was three times its actual size.

” McConney, who worked at the Trump Organization from 1987 until February, also testified at the company's criminal tax fraud trial last year. Granted immunity from prosecution, the ex-controller admitted breaking the law to help fellow executives avoid taxes on company-paid perks, including by filing false tax returns. The company was convicted. Trump himself wasn’t charged in that case.

 

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