How Donald Trump used unusual financial documents to exaggerate his wealth and hide some of his debts - News Summed Up

How Donald Trump used unusual financial documents to exaggerate his wealth and hide some of his debts


For instance, Trump’s financial statement for 2011 said he had 55 home lots to sell at his golf course in Southern California. Adds 10 stories to Trump Tower Trump Tower only has 58 stories, but Trump re-numbered the floors to make it seem taller. Michael Cohen, former personal attorney to President Trump, testified before the House Oversight Committee on Feb. 27 and submitted some of Trump’s financial statements as exhibits. Trump International Hotel & Tower in Chicago was one of the two properties that were not included in some Trump financial statements. Exaggerates value of Westchester County estate At the time, local officials assessed the land’s value at about $20 million, a fraction of the value Trump assessed.


Source: Washington Post March 28, 2019 16:47 UTC



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