Politics

Trump’s CFO Faces Judge’s Wrath Over Alleged Apartment Size Deception

The $250 million civil trial against former President Donald Trump has resumed, and the spotlight recently turned to Allen Weisselberg, the former Chief Financial Officer of the Trump Organization.

New York Attorney General Letitia James has accused Trump of inflating his net worth to secure financial benefits.

Judge Arthur Engoron, overseeing the trial, recently scolded Weisselberg during his testimony, as reported by Newsweek on Tuesday, October 10.

The civil trial against Donald Trump revolves around allegations of inflating his net worth between 2011 and 2021 to gain advantages such as better bank loans and reduced tax bills.

It’s important to note that this is a civil case, meaning that Trump won’t face imprisonment if found guilty.

Engoron had previously ruled that Trump, his adult sons, their businesses, and executives committed fraud.

Now, he must deliberate on six additional accusations, including falsifying business records, insurance fraud, and conspiracy claims.

Donald Trump, currently a frontrunner in the Republican presidential primary, vehemently maintains his innocence.

He argues that he is a target of political prosecution and has repeatedly called for the case’s dismissal, citing alleged bias on the part of Judge Engoron.

During his testimony, Allen Weisselberg faced rigorous questioning regarding Trump’s New York apartment’s square footage.

He was probed about 2017 inquiries from a Forbes reporter, which are central to the case.

Letitia James claims that Trump misrepresented his apartment as 30,000 square feet, while evidence suggests it is closer to 11,000 square feet.

The claim that Trump’s residence was significantly smaller than previously stated was first reported by Forbes in a 2017 exposé titled “Donald Trump Has Been Lying About The Size Of His Penthouse.”

Weisselberg’s responses to questions about the apartment’s actual size during his testimony drew Judge Engoron’s disapproval.

Weisselberg echoed Trump’s defense during his testimony, emphasizing that there are various methods of valuing assets.

This raises questions about how the Trump Organization evaluated its assets in 2011, a critical period under scrutiny in the trial.

While Trump won’t face criminal charges in this case, the outcome could profoundly affect his business operations in New York.

Legal experts have likened the ruling to a “corporate death penalty,” and former Trump attorney Michael Cohen has warned of potential financial catastrophe.

Judge Engoron’s orders included rescinding some of Trump’s business licenses and transferring ownership of certain properties to independent receivers.

However, a recent New York appeals court decision temporarily halted the cancellation of Trump’s business certificates, allowing him to continue operating in the state.

The trial against Donald Trump, marked by scathing exchanges between Judge Arthur Engoron and Allen Weisselberg, is a significant legal battle with far-reaching implications for Trump’s future business ventures.

While it is a civil case, the verdict’s consequences could be profound, potentially reshaping Trump’s presence in the state of New York and beyond.

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