A Trump company accountant testified Ivanka Trump was given an option to buy the unit for $8.5 million, far less than it was valued in financial statements.
Ivanka Trump's penthouse came up again Tuesday when her father, former president Donald Trump, was back in court for his civil fraud trial.The $250 million trial stems from New York Attorney General Letitia James alleging Trump and top executives at his company, the Trump Organization, conspired to inflate his net worth on financial statements provided to banks, insurers and others to make deals and secure loans.
The Trump Organization valued both penthouses much higher than the price offered to Ivanka Trump on statements of financial condition, James alleged in the lawsuit. The unit she rented was valued at $20.8 million in 2011 and 2012 statements of financial condition, and $25 million in 2013.James' lawsuit also alleged that in June 2014, Ivanka Trump was given an option to purchase a bigger penthouse in the same building for $14.
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