![]() Trump also faces a slew of other litigation. ![]() The appeals court dismissed one defendant, Trump's daughter Ivanka, from the case. SLEW OF LITIGATIONĮngoron's ruling comes three months after a state appeals court said that some of James' claims were too old because statutes of limitations had expired in either July 2014 or February 2016.Įngoron rejected Trump's argument that the decision essentially gutted James' lawsuit, which James has said reflected a series of "continuing wrongs" that she could prove at trial. "He also seems to imply that the numbers cannot be inflated because he could find a 'buyer from Saudi Arabia' to pay any price he suggests," the judge wrote. The judge said Trump also grossly overvalued Mar-a-Lago, estimating it was worth as much as $612.1 million, though an assessor said its market value was no more than $27.6 million.Įngoron also chided Trump for offering defenses in a deposition that were "wholly without basis," including that there was nothing wrong with how he valued properties in a given year if their values subsequently went up. "A discrepancy of this order of magnitude, by a real estate developer sizing up his own living space of decades, can only be considered fraud," Engoron wrote. ![]() He took particular issue with Trump's claim that the penthouse was 30,000 square feet (2,787 square meters), nearly three times its actual size, resulting in an overvaluation of as much as $207 million. The judge said Trump's overvaluations included his Mar-a-Lago estate in Florida, his penthouse apartment in Manhattan's Trump Tower, and various office buildings and golf courses. "Even in the world of high finance, this court cannot endorse a proposition that finds a misstatement of at least $812 million dollars to be 'immaterial,'" he wrote. ![]()
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