{"id":2113807,"date":"2023-12-01T19:19:02","date_gmt":"2023-12-02T00:19:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-civil-fraud-trial-allows-testimony-from-expert-who-valued-mar-a-lago-at-750-million\/"},"modified":"2023-12-01T19:35:26","modified_gmt":"2023-12-02T00:35:26","slug":"trump-civil-fraud-trial-allows-testimony-from-expert-who-valued-mar-a-lago-at-750-million","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-civil-fraud-trial-allows-testimony-from-expert-who-valued-mar-a-lago-at-750-million\/","title":{"rendered":"Expert testimony valuing Mar-a-Lago at $750 million allowed in Trump civil fraud trial"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-civil-fraud-trial-allows-testimony-from-expert-who-valued-mar-a-lago-at-750-million%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2113807&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Judge Denies Motions to Block Expert Testimony in Trump Fraud Trial<\/h2>\n<h3>New York Judge Arthur Engoron has denied \u200ctwo \u2062motions by the Democratic New York attorney general to block testimony from an expert who valued Donald Trump&#8217;s Mar-a-Lago property \u200bat a minimum of $750 million.<\/h3>\n<p>Engoron ruled before the trial began that Trump had inflated the value of his \u200cproperties, including his Palm Beach County estate,\u2064 by over 2,300%. In contrast, a local tax appraiser estimated its value at $27.6 million.<\/p>\n<p>On Friday,\u200b Engoron \u2062rejected the argument that\u200c two experts Trump sought to bring forth\u200b would offer impermissible legal opinions. One of these experts is Lawrence Moens, a top real estate broker\u2062 in Palm Beach.<\/p>\n<p>&#8220;He is\u2064 extremely different than a doctor [explaining] how he might conduct a surgery. \u2062He \u2064is providing evaluation advice,&#8221; argued state attorney \u2063Kevin Wallace.<\/p>\n<p>Moens, in a \u2062pretrial deposition, stated that famous billionaires like Elon Musk and\u2064 Bill Gates could potentially be willing to pay between $750 million and $1 billion for \u200dTrump&#8217;s property.<\/p>\n<p>New\u200b York Attorney\u2062 General Letitia James alleges that Trump engaged in efforts to deceive banks\u200b into giving him \u2063better\u200c interest rates by inflating property values.<\/p>\n<p>The trial, which may last into early January, aims to\u200b determine whether the valuations of Mar-a-Lago and other Trump properties constitute fraud under New York criminal law. James is seeking $250 million in civil damages.<\/p>\n<p>Moens is expected to testify on Tuesday and will likely be questioned on his impartiality. \u200bAnother witness, John Shubin, will\u2062 testify about the deed of Mar-a-Lago and its impact on the property&#8217;s value.<\/p>\n<p> <\/p>\n<h2> How might the outcome\u2062 of this \u200ctrial affect Trump&#8217;s credibility and \u200breputation, in addition \u2063to potential legal \u2062ramifications<\/h2>\n<p><span>  Judge Denies Motions to\u200d Block\u2064 Expert \u2062Testimony in Trump Fraud Trial<\/p>\n<p>On Friday, New York Judge Arthur \u200cEngoron made a pivotal \u200cdecision\u2063 in the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/court-employee-arrested-during-trump-fraud-civil-trial-screamed-help-me\/\" title=\"Court employee arrested during Trump fraud civil trial, pleaded for assistance.\">ongoing fraud trial involving<\/a> former President Donald Trump. The \u2064judge\u200b denied two motions put forth by the Democratic\u200d New York \u200battorney general, Letitia James, \u2063which\u200b sought to block\u200b the testimony of an expert valuing \u2063Trump&#8217;s \u2063Mar-a-Lago property. This development sets the stage for a potentially groundbreaking \u200dlegal battle surrounding the inflated valuations of \u200cTrump&#8217;s properties.<\/p>\n<p>Judge Engoron had previously ruled that Trump had significantly exaggerated the worth of his <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/vatican-indicts-10-people-on-multiple-charges\/\" title=\"Vatican indicts 10 people on multiple charges\">real estate assets<\/a>, including his Palm Beach \u200cCounty estate, at an \u200dastounding 2,300% above their actual \u200cvalue. In stark contrast, a local tax \u2063appraiser determined the value of\u200c Mar-a-Lago\u200c to \u200bbe a mere $27.6 million. These substantial discrepancies form the foundation of the case against Trump, as\u200d it alleges he deliberately manipulated property\u200c values to \u200csecure more favorable interest rates from banks.<\/p>\n<p>The judge&#8217;s recent ruling centered on the admissibility of expert testimony from professionals involved \u200bin the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-beatdown-of-american-dream-homes-unaffordable-in-99-of-nation-for-average-american-study-shows\/\" title=\"Biden's Blow to American Dream: Homes Unaffordable for Most Americans, Study Finds\">real \u2064estate industry<\/a>. Despite the arguments put forth by \u200bAttorney Kevin \u2064Wallace on behalf \u200dof the state, Judge Engoron decided that the testimony of the two experts Trump intended \u200cto\u200b present was permissible. One of\u200b these experts is Lawrence \u200dMoens, a highly regarded real estate broker based \u200din Palm Beach.<\/p>\n<p>Wallace argued that Moens&#8217; \u200ctestimony should be\u2064 considered \u200dan impermissible legal opinion, akin \u200dto a doctor\u2062 discussing surgical procedures.\u2063 However, the judge disagreed, recognizing that Moens&#8217; role is to provide expert evaluation advice and not to\u2062 offer legal \u2063opinions. In a pretrial deposition, Moens stated that renowned billionaires such as Elon \u2062Musk\u200d and Bill Gates could\u200c potentially be willing to pay anywhere \u200cbetween $750 million and $1 billion for Trump&#8217;s property.<\/p>\n<p>The ongoing trial aims \u2063to establish whether the inflated valuations of Mar-a-Lago and other Trump properties\u200b constitute fraud\u2064 under New York criminal law. Attorney General Letitia James is seeking $250 million \u2063in civil damages as part of the case. With \u2064the trial expected to continue well into January, the testimonies of experts like\u2064 Moens and other \u2062witnesses, including John Shubin, who will discuss the impact of the property&#8217;s\u2064 deed on its value, will be critical in determining the \u200boutcome of the case.<\/p>\n<p>Of particular interest will be Moens&#8217; \u2062testimony, scheduled for Tuesday, where he will\u200b likely face scrutiny regarding\u2063 his\u2063 impartiality\u200b in valuing Trump&#8217;s property. The\u200d verdict in this trial could \u200bhave far-reaching implications for \u200dTrump and his \u200cbusiness \u200bdealings, not only \u2062in\u200c terms of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/israel-urges-35-states-to-punish-ben-jerrys-its-antisemitic-decision-will-have-consequences\/\" title=\"Israel Urges 35 States To Punish Ben &#038; Jerry\u2019s: \u2018Its Antisemitic Decision Will Have Consequences\u2019\">potential legal ramifications<\/a> but also in terms of his overall credibility and reputation.<\/p>\n<p>As\u200b the trial \u2064progresses, the \u200cworld will be \u2063watching closely to see how this landmark case against \u2063Trump unfolds. The decision by Judge Engoron to allow \u2064the expert testimony adds an intriguing dimension to the proceedings and raises questions about\u2063 the extent of Trump&#8217;s involvement in the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ivanka-trump-fights-attempt-to-compel-her-to-testify-against-father\/\" title=\"Ivanka Trump resists testifying against her father.\">alleged fraudulent\u200d activities<\/a>. Only \u200dtime\u2062 will tell how\u2063 this \u200chigh-stakes \u200dlegal battle will conclude and what consequences it may have\u200b for the former\u2062 President.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The judge overseeing ex-President Donald Trump&#8217;s civil fraud trial rejected two motions by the NY attorney general to exclude expert testimony on the value of Trump&#8217;s Mar-a-Lago property, estimated at a minimum of $750 million. Judge Arthur Engoron had previously ruled that Trump had exaggerated the property&#8217;s worth prior to the trial<\/p>\n","protected":false},"author":1,"featured_media":2113808,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2113807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2113807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2113807"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2113807\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2113808"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2113807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2113807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2113807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}