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even after that, the trump organization insisted in its official financial statements that the property was worth $291 million. how did they come to that language? the basis of that valuation per the records was, quote, a telephone conversation with eric trump. that was the basis for the trump organization s assertion that it was worth $291 million despite an appraisal that said it was worth 50 max. how did they get to 291? they asked eric and eric said it was definitely worth $291 million and how can you argue with that? seems legit. the new york attorney general s office writes, quote, asked to explain, eric trump immediately invoked his fifth amend privilege. he pled fifth more than 500
that was the basis for the trump organization s assertion that it was worth $291 million, despite an appraisal that said it was worth 50 max. they asked eric and eric said it was definitely worth $291 million. the attorney general s office writes ask to explain and he repeatedly voked his fifth amendment privilege. in fact, he led the fifth more than 500 times during the testimony to the attorney general s office. and crucially, the attorney general alleges all of the asset inflation was not just bragging rights and puffery and hand size stuff. she says the trump organization, in some cases, was using this information to actively lie to banks or insurance companies about where the valuations were