Posted on 10/03/2023 10:43:33 AM PDT by ChicagoConservative27
The purported value of Ivanka Trump’s Park Avenue penthouse came under scrutiny this week during testimony at trial in the New York attorney general’s $250 million civil fraud case against the former president.
Donald Bender, a former accountant for Donald Trump at the accounting firm Mazars USA, testified in Manhattan Supreme Court on Monday that he saw errors between the value listed for the posh pad on financial documents and its potential sale price.
Bender explained from the witness stand that, while he wasn’t in charge of auditing the company financials, he “from time to time” would tell Trump Organization officials that there were discrepancies on company financial documents, according to a CNN report.
(Excerpt) Read more at nypost.com ...
People disagreeing about the value of some real estate?
It’s never happened before in the history of mankind!
an accountant is a real estate valuation guru?
Doesn't everybody know that?
OMG!!!
throw Trump under the jail!
He agreed to sell his own daughter something for less than he would a stranger!!!!
Look at all those above asking price sales, and why homes are on the market for months. It is not an exact science. Bottom line is nobody lost money. There was no crime.
It’s not a disagreement about the value, it’s the fact that it was valued at different amounts on different documents.
Ivanka Trump’s penthouse is worth whatever she says it’s worth … as long as she comes with it when it’s sold. :-P
The value of a property is what the highest bidder is willing to pay for it.
Just asking because if you claim :A", then you have to claim "B" ad well.
Every single house in the US has one value on the tax rolls and a completely different value when being appraised and a completely different value when put on the market and another completely different value when eventually sold.
Bank auditors come to your home and assess how much the property is worth..its NOT the homeowner who makes that decision. I can say my house is worth 5 million and put it on the market, doesn’t mean thats what its worth thats how much I think its worth, my opinion. On my previous tax returns our tax guy at the time was a total moron and screwed up my taxes, automatically the IRS corrected it on their end and I had to end up paying instead of receiving..believe me if there is ANY issue they automatically red flag it and correct it
The value depends on if Ivakna is home or not.
I still remember a comedy from India where the parents mistake IRS agent for prospective groom’s dad and inflate values of their real estate holdings. And when the father of prospective groom shows up, they deflate the values. Yes, marriages were arranged by parents in bygone days and may be why the marriages worked.
You mean like the difference between listed on financials and insurance? Insurance would include furnishings and fixtures so it would be higher for insurance.
Various real-estate valuation websites (zillow, etc) disagree regarding the value of my house by more than 15%.
The county valuation of my property doubled in a year. It is valued for taxes at a higher price than I can sell it for.
No. Not what I mean.
This entire trial is sheer lunacy. First, there are no injured parties; no banks or insurance companies. Second, the government can argue over the price of assets until the cows come home, but there will never be an accurate valuation until assets are sold. Then, only for the briefest moment in time it is known.
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