Ivanka Trump’s Penthouse Price Comes Under Scrutiny in Fraud Trial Of Trump Inc.

  • During the first day of a fraud trial against Donald Trump, his business enterprise and some of his associates in New York, the court heard testimony about alleged discrepancies in the value of his eldest daughter’s penthouse apartment.
  • Donald Bender, a former accountant for Donald Trump, said he had “from time to time” noted discrepancies in his finances, recalling on one occasion that the valuation given for the Trump Park Avenue flat in Manhattan was different to the price offered to Ivanka Trump to buy it outright, according to CNN.
  • The lawsuit brought by the New York Attorney General alleges that the Trump Organization had given a valuation of the apartment in 2011 and 2012 that was “approximately two and a half times as much as the option price” offered to his daughter—$20.8 million compared to $8.5 million.
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