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America October 13, 2023 3 mins read

Trump’s NY Civil Trial Update: New Revelations

America ı By Rihem Akkouche

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Trumps NY Civil Trial update

In the heart of Lower Manhattan, the Trump civil fraud trial has a Friday the 13th twist that could spell bad luck for either side. A familiar aura of suspense engulfs the courtroom, reminiscent of a previous Friday the 13th when former President Donald Trump's companies were slapped with a $1.6 million fine for running a criminal fraud conspiracy.

Today, the spotlight is on Patrick Birney, the current Trump Organization vice president, whose testimony offers a glimpse into the labyrinthine world of Trump's financial maneuverings.

Questioning Trump's Real Estate Valuations

As the clock strikes 11:11 a.m., Birney takes center stage, guiding us through a maze of old news articles that were used to evaluate the value of Trump's prized Mar-a-Lago resort. Among the intriguing headlines is one that reads, "Former Broadway Producer Terry Allen Dramer's Estate Sells for Record-Breaking $105 Million In Palm Beach." A testament to Trump's affinity for the opulent and record-breaking.

The narrative then shifts to Trump's rent-stabilized apartments in New York City, sparking questions about whether Birney was aware that these units should not be valued at the market rate. Eric Haren, from the attorney general's office, inquires, "Did anyone at the Trump Org., between 2015 and 2021, ever make you aware of any appraisal that appraised rent-stabilized units at Trump Park Ave.?"

With intrigue in the air, Birney cautiously responds, "I don't think so." A similarly vague response follows concerning documents that describe Trump's property deals. But the real drama unfolds when Birney is quizzed about why he inflated the value of Trump's properties in his spreadsheets by a staggering 35% or 15% for a "presidential premium." The million-dollar question: Who directed him to do this?

Birney, with an air of perplexity, puffs his cheeks, exhales, and then shakes his head. "I don't really remember, but probably Allen Weisselberg," he confesses.

The attorney general's office skillfully weaves a narrative that suggests number manipulation aimed at boosting Trump's net worth.

Unraveling the Complex Web

As the clock strikes 10:00 a.m., the stage is set for a gripping half-day session. Patrick Birney's testimony becomes a key to understanding how Trump calculated his net worth for banks and insurers. The central question is whether the defendants, including former CFO Allen Weisselberg and ex-controller Jeffrey McConney, intended to defraud these institutions and whether their misstatements held any material significance.

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Rihem Akkouche
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Rihem Akkouche

Rihem Akkouche is a passionate journalist dedicated to shedding light on compelling stories, sparking conversations, and fostering a more informed world.

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