Page 356 - Evaluation News Today

>> sean: no harm? >> president trump: i paid it back because we have a lot of cash. i paid many of them off. i have very little debt. unbelievable little debt. >> sean: so there was no harm, no foul? so you told every institution what you believe the evaluation is? they have a fiduciary responsibility before they give you a hundred or 200 or $300 million to buy a property they have that responsibility to come up with their own evaluation because they have their own bosses and shareholders that t...

Was worth 327 million dollars. trumps own chief financial office admitted in testimony that that evaluation of trumps apartment amounted to an overstatement of, quote give or take 200 million. just for context here, the most expensive apartment on the market in new york city last year was listed 169 million. trump said his apartment was worth almost double that, seven years ago. nice try, donald trump. then, there is trumps florida beach club, mar-a-lago. to get tax breaks, trump signed on to al...

Trumps financial filings value the property at nearly $740 million yet its real worth, she said, was just 75 million. most bizarre was the exaggerated value of his penthouse apartment at trump tower, based on an assessment which tripled the square footage. trumps $327 million valuation, said the attorney general, would have made it the most the expensive property of its kind in the history of new york real estate. the attorney general is seeking to recover $250 million in allegedly unlawful prof...

About is differences of opinion about valuation of asset s that were heavily negotiated with banks. and so, letitia, james , this complaint, two hundred and twenty pages worth beliesesg about the realit a shocking naivete about the realities of business, about the realities of how properties areess. financed about how businesses operate. fa and its really, like you said, very small potatoes stuff. and if it were done by anybodyec else, it wouldnt be thee subject of a complaint like this. and so ...

That she is saying a wrong. she is saying that there are specific facts about the condition of these properties, how many lots can easel? does he have permission to sell lots at all? and hes lying about those facts, which then undercut the valuation in dollars. all those things make it harder to say, well i told people, buyer beware. >> kyle, trumps adult children, who either currently or formerly ran his business, theyre in a whole lot of trouble here as well. is this a situation where they cou...

His apartment spanned more than 30,000 square feet, which was the basis for evaluating the apartment. in reality, the apartment had an area of less than 11,000 square feet, something mr. trump was well aware of. and based on that inflated square footage, the value of the apartment in 2015 and 2016 was 300 and $27 million. to this date, no apartment to new york city has ever sold for close to that amount. tripling the size of the apartment for purposes of the valuation was intentional and deliber...

Here are just a couple of the big ones. here is trumps favorites trump tower penthouse, nice place if you are into gilding. and at 10,000 square feet, by new york city standards, it is certainly a big apartment. but for the purposes of valuing his assets, donald trump claimed the apartment was three times bigger, over 30,000 square feet. because it was so huge, a few years ago, trump said it was worth 300 and $27 million. trumps own chief financial office admitted in testimony that that evaluati...

Lose an awful lot of money. hes had to constantly infusion money he made as a celebrity, money inherited from his father, i represented some of these businesses to keep them afloat. you see how the mechanisms he used from that starting point to inflate the value of these things to make them look like they were worth something, all that adding up to presenting a $2.5 billion valuation to his largest lender, deutsche bank, and to get loans at the lowest possible interest rate. as to the defense, t...

There are cases where she takes things -- you know, we were looking at the actual financial records as it was filed on tax documents. she doesnt say that those numbers were incorrect. its just how he transitions businesses that are losing an incredible amount of money that hes pumping money into from his inherited fortune, from his entertainment fortune to make them look like theyre successful. and then he alters the bottom line. he alters the equation by which you compute valuation to make them...

Prolific SPAC investor Chamath Palihapitiya is winding down two of his blank-check firms after failing to find suitable ...