Trump’s two sets of books?
The one in which Trump Tower looks like a dilapidated shack on tax returns but looks like the Taj Mahal on bank loans and insurance valuations?
They are BOTH fiction. They are BOTH exaggerations, lowballing when low values are to the liar’s advantage and highballing when high values are what he wants.
And no, it is not a matter of “subjective valuations.” When Trump estimates his own apartment in his own building at ONE THIRD the actual square footage (an objective number in reality) and even lies about the number of bedrooms, it is not a difference of opinion in “subjective valuations.” It is a matter of criminal intent to defraud.
The fact that there are two different and conflicting valuations further demonstrates that it is not a matter of different opinions on “subjective valuations” but rather outright intent to defraud.
The outcome is that we will likely see some new and much improved signage popping up around New York very soon: “Letitia James Tower” on fifth avenue and, a few blocks away, “E Jean Carroll Tower.”
Oh well, it is New York, New York. He did it his way (apologies to Frank Sinatra). All the way to prison.
August 01, 2017