#McConney said he never used Cushman & Wakefield’s #appraisal of 40 Wall St but also never asked #DougLarsen if the cap rates he (McConney) was using for valuation were appropriate or what cap rates Larsen used.

But in his worksheets, he wrote the cap rate he used was “per a telephone conversation w/ Doug Larsen.”

#NewYorkvTrump ended for the day.

McConney's testimony resumes Fri (likely to go thru all day)

#AllenWeisselberg will be the next witness on Tues.

#law #legal #fraud #TrumpTrial

#NYAG #Amer asked #McConney about his use of capitalization or #CapRates, which he used to #value #Trump #commercial assets. (The lower the cap rate, the higher the property value.)

Amer grilled McConney about his communications w/ #DougLarsen, an #appraiser retained by #CapitolOneBank & #LadderCapital, in their capacity as #lenders concerning 40 Wall Street.

#law #legal #fraud #conspiracy #TrumpTrial