Expert Says Mar-a-Lago MASSIVELY UNDERVALUED (but Engoron Doesn’t Care)

Trump’s defense presents evidence in New York that Trump significantly UNDERVALUED the Mar-a-Lago property by millions of dollars when negotiating terms of the loan. Defense Expert Witness, Lawrence Moens, a major Florida real estate broker, took the stand in Leticia’s prosecution to explain the valuation numbers.


 

In this report:

The legal saga involving Donald Trump and the valuation of his Mar-a-Lago estate continues to unfold with new developments. A recent shift in the narrative has emerged, challenging the New York prosecution’s stance in Judge Engoron’s courtroom. An expert now claims that Trump actually undervalued Mar-a-Lago, contrary to allegations of overvaluation and fraudulent dealings with banks.

A Shift in Valuation Perspective

Amidst the backdrop of a gag order from Judge Engoron’s court, a new voice has entered the scene, contesting the previous assertions about Mar-a-Lago’s worth. This Florida real estate professional, Lawrence Moens, has presented a different take on the property’s value, suggesting that Trump might have underestimated its worth significantly.

Moens’s Bold Claims

Moens, before the trial, claimed that the valuation of Mar-a-Lago, known as the Winter White House, ranged between $426 million and $612 million from 2011 to 2021. However, he asserts these figures are too conservative and argues that the property could attract a clientele ranging from billionaires like Elon Musk and Bill Gates to kings and heads of state.

Courtroom Dynamics

Initially, Judge Engoron dismissed Moens’s reasoning as speculative, rejecting the affidavit based on gut feelings. However, Christopher Ke, Trump’s lawyer, defended Moens’s credibility, leading to the judge allowing Moens another chance to testify.

The Legal Theories and Documents

John K. Shubin, a legal expert, took the stand to discuss land use theories related to Mar-a-Lago. Shubin highlighted the property’s deed, mentioning a 2002 deed of development rights and a 1993 special exception use. He pointed out that these documents allow for a range of uses for Mar-a-Lago, including as a private residence, a government retreat, a museum, and a private social club.

The 2002 Document

A critical piece of evidence was a 2002 document, signed by Trump, limiting the property’s use to a club. Despite this, the court allowed discussion on the property’s valuation as a personal residence, adding another layer of complexity to the case.

Moens’s Testimony

Moens’s testimony was a dramatic affair, with him showcasing a video of Mar-a-Lago, complete with sweeping panoramas and a triumphant soundtrack. This presentation seemed to momentarily sway even the skeptical Judge Engoron.

Valuation Details

Moens suggested that Mar-a-Lago was worth far more than Trump’s stated valuations in his financial statements. For instance, in 2011, Trump listed it at $426 million, while Moens estimated it at $655 million. Fast forward to 2021, and while Trump’s valuation was $612 million, Moens believed it was worth over a billion dollars.

The Gag Order and Trump’s Testimony

Amidst these valuation debates, there was also a significant discussion about Trump’s testimony. Trump’s team requested a postponement until a court of appeals could rule on the gag order. However, this request was firmly denied by Judge Engoron, maintaining the scheduled course of the trial.

Conclusion: A Case of Undervaluation?

The latest testimonies and legal discussions have painted a contrasting picture of Mar-a-Lago’s valuation, leaning towards an undervaluation rather than the alleged overvaluation. This development could potentially be a turning point in Trump’s favor, raising questions about the prosecution’s original claims. As the case proceeds, more light will be shed on the true value of Mar-a-Lago and the legal implications for Trump. Stay tuned for further updates as we continue to dissect the intricacies of this high-profile case.

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