"It's inappropriate & inaccurate," said the #appraiser, #DougLarson.

#Trump heard testimony on how a weekly internal #cash report was made. Then, an #accountant currently working at #TrumpOrganization said she was instructed by an exec to value a bldg as if all of its units were rented, bc at some point maybe they would be.

Later, the accountant was shown a series of emails related to lease agreements allowing #IvankaTrump the right to purchase 2 apts — one for $8.5M, & the other for $14.2M.

#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

In a letter provided to NBC News, Rep Jared Moskowitz, D- FL., issued the request to Dorothy Jacks, Palm Beach County's #property #appraiser.

Moskowitz noted #NY Judge Arthur #Engoron’s ruling last wk saying that #Trump repeatedly committed acts of #fraud for yrs. Engoron ruled that Trump #lied to #banks & #insurers by #overvaluing & #undervaluing his #assets while exaggerating his #NetWorth to billions of dollars.

https://www.documentcloud.org/documents/24014051-231005-mar-a-lago-tax-letter