Trump Witness Says He Valued Mar-a-Lago at More Than $1 Billion

Contact Your Elected Officials
The Epoch Times Header

A defense witness asserted that Mar-a-Lago is worth more than $1 billion.

A Florida real estate agent this week testified in former President Donald Trump’s civil fraud trial in New York that his Mar-a-Lago property is worth at least $1 billion.

Lawrence Moens, who was called as a witness by the defense, testified that the Florida property could be sold as a home, saying he would value it at over $1 billion as of 2021.

“It’s something breathtaking. It’s something amazing to see,” he said of Mar-a-Lago, adding that he had valued it at over $1.2 billion in 2021. He also told the court that President Trump’s company had actually undervalued Mar-a-Lago by about half.

Mr. Moens’s valuation assumes that Mar-a-Lago is a personal residence, a premise that a judge already has rejected in the ongoing civil fraud trial.

“I work very hard to sell rich people property in Palm Beach,” testified Mr. Moens. “I’m on the front lines every day of selling properties, and I have a pretty good handle on what’s happening in the market.”

Spanning 17 acres with waterfront on two sides, the Trump estate and social club is his home, a place where the former president and current Republican 2024 front-runner has conducted high-profile meetings while in and out of office, and the spot where federal special counsel Jack Smith alleges he improperly stashed classified documents, which President Trump denies.

Mar-a-Lago also is a key element of the current New York civil case. State Attorney General Letitia James’ lawsuit claims that the ex-president and his company deceived lenders and others by giving them financial statements that greatly overstated the values of some of his prime assets, including Mar-a-Lago.

Testifying for Trump’s defense, a Florida real estate attorney said the property could be sold as a home, notwithstanding decades-old legal documents in which Trump said he intended to forswear its use as anything but a club. Then a Palm Beach luxury real estate broker testified that he’d value the historic estate at over $1 billion as of 2021.

Judge Arthur Engoron, in a pretrial ruling declaring that Trump and his company engaged in fraud, found that he exaggerated Mar-a-Lago’s worth by as much as 2,300 percent, compared to the Palm Beach County tax appraiser’s valuations. They ranged from $18 million to $28 million.

By Jack Phillips

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

The Real Reason Why the Left is Unhinged

Nine out of thirteen of the original states required you to be a Bible believing Christian to serve in government at the time of the founding.

The Sacrificial Lambs of the Riyadh Standup Scene

Which is the greater injustice: jailing political dissidents, or millions dead from pharma crimes with no accountability for those responsible?

No Kings Exposes Odd Things!

The “No Kings” protests held around the nation are not grassroots spontaneous people’s protests but are highly organized events by paid provocateurs.

President Trump Needs Much Better Protection

President Trump faces threats from foreign adversaries and domestic radicals prone to violence, people suffering from severe “TDS.”

Science Has Finally Come For Transgenderism

British biologist Richard Dawkins said “trans women are men,” calling transgender ideology a movement that undermines biological truth.

Texas Appoints Higher Education Ombudsman to Enforce DEI Violations

Texas is moving to enforce bans on DEI practices in universities and potentially restrict college courses focused on gender and race.

House Judiciary Chair Refers Ex-CIA Director John Brennan for Criminal Prosecution

House Republicans referred ex-CIA Director John Brennan to AG Pam Bondi for prosecution over the 2016 probe into alleged Russian–Trump collusion.

FBI Has Arrested 28,000 Violent Criminals Since Jan. 20: Trump

President Trump praised the FBI for doing an “incredible job,” citing thousands of arrests and major disruptions of criminal activity nationwide.

White House Ballroom Project Breaks Ground

Demolition began Oct. 20 on the White House East Wing to make room for Trump’s planned ballroom, with parts of the structure already removed.

Trump Calls off Meeting With Putin, White House Says

White House says Secretary Rubio and Russia’s Lavrov had a productive call; no further meetings or Trump-Putin talks are planned soon.

President Signs Rare Earth Agreement With Australia’s PM

President Trump hosted Australian PM Albanese at the White House, where both leaders signed a new agreement on rare earth mineral cooperation.

Trump Says Insurrection Act Is ‘Strongest Power a President Has’

President Trump detailed plans to invoke the Insurrection Act to address rampant crime, calling it the “strongest power a president has.”

Army Corps of Engineers to Pause $11 Billion in Projects During Shutdown: Vought

Russ Vought, director of the White House’s OMB, has added to the growing pile of federal projects paused during the government shutdown.
spot_img

Related Articles

Popular Categories

MAGA Business Central