Trump’s Mar-a-Lago Worth at Heart of Fraud Trial
The value of Donald Trump’s Mar-a-Lago is causing a stir in a civil fraud trial. The trial alleges that Trump and his family business inflated property values to get better loan deals, saving over $150 million.
The focus is on Mar-a-Lago, with estimates ranging from $18 million to over $1 billion.
The property has deed restrictions affecting its value, and the trial involves claims of fraudulent valuations.
Trump denies wrongdoing, but the judge has ruled certain documents as fraudulent. If found guilty, Trump’s businesses may face penalties, including fines and being barred from New York.
The trial’s outcome could impact Trump’s iconic properties, including Mar-a-Lago. Source: BBC News
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https://www.bbc.com/news/world-us-canada-67644052