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Trump testifies at NY fraud trial that property estimates were inaccurate

Former U.S President Donald Trump attends the Trump Organization civil fraud trial in New York, Nov 6, 2023. [Reuters]

Donald Trump on Monday testified that his company did not provide accurate estimates of many of his properties in a rambling and defiant performance on the witness stand in a civil fraud trial in New York.

The former U.S. president said his company undervalued his Mar-a-Lago estate and Doral golf course in Florida and overvalued his Trump Tower apartment, among other assets, but sought to minimize the importance of the estimates, which state lawyers said were inflated to win better financing terms.

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