on to all kinds of restrictions on what could and could not be done without property. which included a proud-ish an on turning it into residential real estate. even into those real estate, even under those restrictions, the club was worth a cool 75 million. but, when it came to assessed its values as one of his assets, trump pretended that none of those restrictions existed. and the whole place could be developed and sold for residential use. he said that mar-a-lago is worth about 75 million, but 739 million. literally ten times its value. this investigation revealed that trump engaged in years of illegal conduct to inflate his net worth. to achieve, to deceive bank of the people of the great state of new york. claiming you have money that you do not have does not amount to the art of the deal, it is the art of the steal. and there could not been any
favorable loans. here are the egregious examples. trump inflated the square footage of his apartment in trump tower claiming it spanned 30,000 square feet when it was really less than 11,000. as a result, it was valued at $320 million. the highest selling apartment in new york at that time was $100 million in a newly built tower while the highest selling apartment in 30-year-old trump tower at the time was just $16.5 million. the suit also claims the overvalued mar-a-lago by millions of dollars. based on the false premise it could be developed and sold for residential use when he agreed not to. trump claimed the florida beach club is worth $739 million. but according to the lawsuit, it should have been closer to a mere $75 million.
worth a cool 75 million. but, when it came to assessed its values as one of his assets, trump pretended that none of those restrictions existed. and the whole place could be developed and sold for residential use. he said that mar-a-lago is worth about 75 million, but 739 million. literally ten times its value. this investigation revealed that trump engaged in years of illegal conduct to inflate his net worth. to achieve, to deceive banks and the people of the great state of new york. claiming you have money that you do not have does not amount to the art of the deal, it is the art of the steal. and there could not been any different rules for different people in this country or in this state. former presidents are no different. letitia james said today that trump s conduct appeared to violate not just new york law but federal law as well. specifically laws against fake fraud. she says there may have been tax violations as well. so she has referred the evidence to the sdny, the u.s
square feet of space in it. this lawsuit says, no, it was about a third of that, 11,000 square feet up there, and trump claimed it was worth about $327 million. the ag says, no way, no apartment in the city, including newer ones, have ever sold for anything like that. so how about his mar-a-lago club in florida? the lawsuit says trump claimed it was worth as much as $739 million. when, according to the lawsuit, it was actually worth about $75 million. his golf courses, same story there. for example, the lawsuit says that trump bought one course out there for $5 million in 2012. the very next year, claimed it was worth $62 million, on and on and on a goes. the former president took the fifth hundreds of times, when
the a.g. says no way. no apartment in the city has ever sold in anything like that. how about his mar-a-lago club in florida? the lawsuit says trump claimed it was worth as much as $739 million. when, according to the lawsuit, it was actually worth about $75 million. his golf courses, same story there. for example, the lawsuit says trump bought one course out there for $5 million in 2012. and the very next year claimed it was worth $62 million. on and on and on it goes of the former president took the feift hundreds of type when he was asked about this under oath. after the lawsuit was revealed, one of his lawyers said today s filing is not focused on the facts or the law it is solely focused on advancing the attorney general s political agenda. absolutely no wrongdoing has