‘You Got To Be Kidding Me!’ MSNBC Analyst Shocked By Just How Much Trump Inflated Specific Assets
MSNBC legal commentator Tristan Snell marveled at the immense disparities in property evaluations in Donald Trump’s civil fraud trial, in which the GOP frontrunner was ordered to pay some $350 million in damages on Friday. Trump had been found liable back in September of 2023 for defrauding banks and insurance companies in order to receive more favorable terms on loans.
“Couple things,” began Snell, adding:
One is there was a great graphic that was up just a second ago and it showed especially Seven Springs. I think it was one of them were it. Let’s just talk about the numbers here. The sheer quantity of the the disparity between what he claimed the property was and what it was appraised for.
We’re not talking about something where he rounded up a little bit or added a little 10%, 20%, 30%, that one right there. That’s the one. Take a look at that. Look at Seven Springs, $30 million appraised value. And he tried to value it at. My eyesight is terrible.
“$261 to $291 million. You got to be kidding me!” added Snell, a former prosecutor.
“Just that is it right there. Screenshot that. That’s your exhibit A right there for if you want to know why is he in this much trouble. That’s why,” he added.
“Ten x premium over reality,” Snell continued.
Anchor Katy Tur then jumped in and read from some of Friday’s ruling. “Let me go ahead and read from the specifically the piece in this ruling on Seven Springs. I happened to have it in front of me. ‘From 2011 to 2014, when valuing a plot of land upon which seven mansions could be built in Bedford, Mcconney relied on valuations provided by Eric Trump, who advised Mcconney to value the Seven Mansions development at 161 million on the 2012 SFC,’ which is a financial statement,” she noted, referring to former Trump Org. controller Jeff McConney.
After reading through ruling more she said, ”In August 2013, Eric Trump advised Mcconney to continue to use the undisclosed value, undiscounted value of 161 million for the seven mansion development, despite having received an initial estimate of approximately 5.5 million from Cushman and Wakefield, and goes on just one little portion further.”
“On September 8th, 2014, David McCardle of Cushman Wakefield advised Eric Trump verbally that he had appraised the seven mansion development at 14 million. Notwithstanding, a mere four days later, Eric Trump advised Mcconney to continue using the $161 million value. So on September 8th, he was told that’s 14 million. Four days later, September 12th, he advised Mcconney to continue using the $161 million value so from 14 million to 161. Underscoring your point,” she concluded.
Watch the clip above via MSNBC.
