Executive at Donald Trump’s company says 'presidential premium' was floated to boost bottom line

United States News News

Executive at Donald Trump’s company says 'presidential premium' was floated to boost bottom line
United States Latest News,United States Headlines
  • 📰 KIRO7Seattle
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

Donald Trump’s top corporate deputies considered adding a “presidential premium” to his Trump Tower penthouse, Mar-a-Lago resort and other assets during his White House years, a gambit that would’ve padded his net worth by nearly $145 million, an executive at the former president’s company testified...

Former President Donald Trump speaks to reporters as he leaves the courtroom during a lunch break in his civil business fraud trial, Wednesday, Oct. 4, 2023, in New York. top corporate deputies considered adding a"presidential premium" to his Trump Tower penthouse, Mar-a-Lago resort and other assets during his White House years, a gambit that would've padded his net worth by nearly $145 million, an executive at the former president's company testified Friday.

Birney was testifying at the end of the second week of a non-jury trial in New York Attorney General Letitia James'and will return on Monday. He is the third Trump Organization executive to take the witness stand, following longtime Chief Financial Officer Allen Weisselberg and Senior Vice President and Controller Jeffrey McConney. Both of them are defendants in the case and have since retired.

The trial concerns related allegations of conspiracy, insurance fraud and falsifying business records. James, a Democrat, is seeking $250 million in penalties and wants Trump and other defendants banned from doing business in New York. “Was applying a presidential premium to a series of assets something you would have done on your own?” state lawyer Eric Haren asked.He said one of the discussions he had with Weisselberg about valuing Trump’s properties happened in a Trump Tower bathroom.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

KIRO7Seattle /  🏆 271. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Donald Trump's absurd 'presidential immunity' claim could buy him timeDonald Trump's absurd 'presidential immunity' claim could buy him timeJessica Levinson, a professor at Loyola Law School, is the host of the 'Passing Judgment' podcast. She is also the director of the Public Service Institute at Loyola Law School, director of Loyola's Journalist Law School and former president of the Los Angeles Ethics Commission.
Read more »

Paper: Higher pay consistently trumps meaningful work as strongly valued job attributePaper: Higher pay consistently trumps meaningful work as strongly valued job attributeWhen choosing between meaningful work or a better salary, it's not even close—most people overwhelmingly prefer higher-paying jobs with low meaningfulness over low-salary jobs with high meaningfulness, says new research from a University of Illinois Urbana-Champaign expert who studies what factors contribute to meaning in life and in work.
Read more »

Former Barclays chief executive fined by U.K. regulator over Jeffrey Epstein disclosuresFormer Barclays chief executive fined by U.K. regulator over Jeffrey Epstein disclosuresSteven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: MKTWgoldstein.
Read more »

Former NHL executive rips league decision to ban players from using rainbow-colored stick tapeFormer NHL executive rips league decision to ban players from using rainbow-colored stick tapeHeather Hunter is a contributing writer for the Washington Examiner. She is an award-winning radio, television and film producer. She has previously written for the Daily Caller and LifeZette. You can follow her on Twitter: HeatherHunterDC.
Read more »

Exxon buying Pioneer will trigger $71 million in executive windfallsExxon buying Pioneer will trigger $71 million in executive windfallsSenior management at Pioneer Natural Resources (PXD.N) will likely be out of a job once the company's $60 billion sale to Exxon Mobil (XOM.N) is completed, but the top brass will walk away with bumper payouts which were sweetened further earlier this year.
Read more »

Exxon buying Pioneer will trigger $71 million in executive windfallsExxon buying Pioneer will trigger $71 million in executive windfallsExxon buying Pioneer will trigger $71 million in executive windfalls
Read more »



Render Time: 2025-02-19 20:01:34