Trial document: Trump acknowledged penthouse size at 11,000 square feet, not 30,000 he later claimed
Donald Trump signed a document 30 years ago that gave the true size of his New York penthouse that was later listed as far larger on his financial statements, according to evidence shown Tuesday at the former president's civil business fraud trial.
The evidence appeared in an email attachment shown as Allen Weisselberg, the former finance chief of Trump's company, testified in New York Attorney General Letitia James바카라 게임 웹사이트 fraud lawsuit against Trump and his Trump Organization. Trump denies any wrongdoing.
The attachment was a 1994 document, signed by Trump, that pegged his Trump Tower triplex at 10,996 square feet 바카라 게임 웹사이트 not the 30,000 square feet later claimed for years on financial statements that were given to banks, insurers and others to make deals and secure loans.
Weisselberg said he recalled seeing the email but not the attachment, explaining that the attachments were documents he already had on file in the company바카라 게임 웹사이트s offices. But in any event, he said, he didn바카라 게임 웹사이트t pay much mind to the apartment's size because its value amounted to a fraction of Trump's wealth.
바카라 게임 웹사이트I never even thought about the apartment. It was de minimis, in my mind,바카라 게임 웹사이트 Weisselberg said, using a Latin term that means, essentially, too small to care about. He insisted that even if he had known about the size discrepancy, he wouldn't necessarily have thought it worth mentioning to the outside accountants who prepared Trump바카라 게임 웹사이트s financial statements.
바카라 게임 웹사이트It was not something that was that important to me when looking at a $6 billion, $5 billion net worth," Weisselberg said.
Weisselberg repeatedly said he couldn바카라 게임 웹사이트t remember whether he discussed the financial statements with Trump while they were being finalized. The former chief financial officer said he reviewed drafts 바카라 게임 웹사이트from a 30,000-foot level바카라 게임 웹사이트 (9,100-meter level) but paid special attention to something 바카라 게임 웹사이트very important바카라 게임 웹사이트 to Trump: the descriptions of his properties.
바카라 게임 웹사이트It was a little bit of a marketing piece for banks to read about our properties, how well they바카라 게임 웹사이트re taken care of, that they바카라 게임 웹사이트re first-class properties,바카라 게임 웹사이트 said Weisselberg, who recalled during a deposition in May that Trump sometimes quibbled about the language used in such descriptions.
바카라 게임 웹사이트I might say beautiful. He might say magnificent,바카라 게임 웹사이트 Weisselberg said then. 바카라 게임 웹사이트I might say it was cute. He would say it바카라 게임 웹사이트s incredible.바카라 게임 웹사이트
Weisselberg said Tuesday he learned of the Trump Tower penthouse size discrepancy only when a Forbes magazine reporter pointed it out to him in 2016. He testified that he initially disputed the magazine바카라 게임 웹사이트s findings but said he couldn바카라 게임 웹사이트t recall whether he directed anyone to look into the matter.
바카라 게임 웹사이트You don바카라 게임 웹사이트t recall if you did anything to confirm who was right?바카라 게임 웹사이트 state lawyer Louis Solomon asked?
Weisselberg said he did not.
As Forbes zeroed in on the apartment size question in 2017, emails show, a company spokesperson told another Trump executive that, per Weisselberg, they weren바카라 게임 웹사이트t to engage on the size issue. A week later, Trump바카라 게임 웹사이트s 2016 financial statement was released, using the incorrect square footage.
Weisselberg, testifying as a prosecution witness, is also a defendant in the lawsuit. He took the stand after a recent jail stint for evading taxes on perks he got while working for Trump.
James' lawsuit alleges that Weisselberg engineered Trump바카라 게임 웹사이트s financial statements to meet his demands that they show increases in his net worth and signed off on lofty valuations for assets despite appraisals to the contrary.
Trump, who attended the first three days of the non-jury trial last week in Manhattan, didn't return to court to see his former chief financial officer testify.
Weisselberg left a New York City jail six months ago after serving 100 days for dodging taxes on $1.7 million in extras that came with his Trump Organization job, including a Manhattan apartment, school tuition for his grandchildren and luxury cars for him and his wife.
Weisselberg testified Tuesday that what he바카라 게임 웹사이트s been through in the last few years has 바카라 게임 웹사이트taken its toll바카라 게임 웹사이트 on him and his family.
During sworn pretrial questioning in May, Weisselberg, 76, testified that he was having trouble sleeping, started seeing a therapist and was taking a generic form of Valium as he tried to 바카라 게임 웹사이트reacclimate myself back to society."
Trump, in his deposition in April, said his former longtime lieutenant was liked and respected, and 바카라 게임 웹사이트now, he바카라 게임 웹사이트s gone through hell and back.바카라 게임 웹사이트
바카라 게임 웹사이트What바카라 게임 웹사이트s happened to him is very sad,바카라 게임 웹사이트 Trump said.
In a pretrial ruling last month, Judge Arthur Engoron found that Trump, Weisselberg and other defendants committed years of fraud by exaggerating the value of Trump바카라 게임 웹사이트s assets and net worth on his financial statements.
As punishment, Engoron ordered that a court-appointed receiver take control of some Trump companies, putting the future oversight of Trump Tower and other marquee properties in doubt. An appeals court on Friday blocked enforcement of that aspect of Engoron바카라 게임 웹사이트s ruling, at least for now.
The civil trial concerns allegations of conspiracy, insurance fraud and falsifying business records. James is seeking $250 million in penalties and a ban on Trump doing business in New York.
Weisselberg바카라 게임 웹사이트s association with Trump바카라 게임 웹사이트s family dated to 1973, when he answered a newspaper ad for a staff accountant for Trump바카라 게임 웹사이트s real estate-developer father, Fred. Weisselberg started working for Donald Trump in 1986 and eventually made $1.14 million a year in salary and bonuses.
According to a severance agreement he signed the day before going to jail, Weisselberg is due to be paid $2 million over two years. That sum is close to the amount of back taxes, penalties and interest he was required to pay as part of his plea agreement.