Emails Reveal Eric Trump's Involvement in Property Appraisals Despite Denials at Civil Fraud Trial
Testimony and Email Evidence Show Eric Trump's Active Engagement in Property Appraisals, Contradicting His Deposition Claims in Ongoing Civil Fraud Case.
- Despite previous claims of minimal involvement in property appraisals, email evidence and testimony from the civil fraud trial reveal Eric Trump's active participation in value estimations of Trump National Golf Club and Seven Springs Estate. Emails date back to 2013 and 2014.
- David McArdle, the senior managing director of Cushman & Wakefield, testified that Eric Trump demonstrated a significant interest in the property appraisals. He also noted Eric's 'lofty' financial estimations.
- Eric Trump's involvement contradicts his deposition, where he claimed such considerations were consistent with the role of the Trump Organization's tax attorney and not his. He even stated misty recollection of McArdle and any appraisal involving the Seven Springs Estate.
- The tax value of the Seven Springs Estate, appraised at $56.5 million by Cushman in August 2014, was included in Trump's financial statements at $234 million that same year. The New York Attorney General alleges the Trump Organization used this inflated appraisal for a tax break.
- Amid the ongoing trial, Eric Trump has yet to publicly respond to these findings. The New York Attorney General is seeking $250 million and a ban of further business operations in New York for Trump and the defendants.