Donald Trump is expected to return Wednesday to the civil fraud trial that imperils his real estate empire.
On Tuesday, he watched and deplored the case as an employee and an outside appraiser testified that his company essentially put a thumb on the scale when sizing up his properties' value.
"It doesn't make sense," Larson said of the way the ex-controller reached a $287.6 million value for a prominent Trump-owned retail space in 2013. Trump says his assets were actually undervalued and maintains that disclaimers on his financial statements amounted to telling banks and other recipients to check out his numbers themselves.
In cross-examining Larson, Trump lawyer Lazaro Fields asked whether anything "prevents President Trump, as a real estate developer, from valuing his own properties."Kidder, the Trump company accountant, provided a window into Trump Organization accounting practices. In explaining a spreadsheet, she noted an entry about a $12 million loan to pay a $25 million settlement of lawsuits from former state Attorney General Eric Schneiderman and others over the now-defunct Trump University real estate seminar program.
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