Donald Trump has a penchant for big talk.
Whether it’s the extent of his wealth, the perfection of his phone calls or the square footage of his apartment, the former president never fails to express himself in superlatives. Anyone paying attention knows this.
The former president isn’t the only one who engages in hyperbole. The “Justice” in Mr. Engoron’s title doesn’t mean he serves on the state’s highest court. Rather, New York applies the elevated term to the lowest district court judges. One form of embellishment is customary; the other is a felony. In securing financing, Trump Organization accountants handed lenders their estimates of the value of various properties. Naturally, assessments of this sort are biased, and lenders take this into account before extending credit.
The biggest whopper of all is Justice Engoron’s assertion that Mr. Trump’s 17-acre beachfront resort in Palm Beach is worth $18 million to $28 million when, just up the road, a house one-eighth the square footage of Mar-a-Lago is listed for sale at just under $60 million. If one scales that listing price to match the size of the former president’s mansion, the Trump Organization’s valuation is spot-on.
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