The ongoing fraud trial against Donald Trump, real estate expert Frederick Chin has unveiled the former president’s unconventional genius factor, alleging that it artificially inflated his property values by billions.
As reported by Raw Story on December 4, 2023, Chin, a defense witness, asserted that Trump’s unique valuation practices, focusing on as if investment value rather than conventional as is market value, played a role in exaggerating property values for loans and insurance.
Judge Arthur Engoron, overseeing the trial, previously found Trump liable for fraud and is now exploring the extent of damages. Chin’s testimony added complexity by suggesting that the as if approach allowed for future property development considerations, impacting perceived asset values.
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Engoron acknowledged this concept as a developer’s genius factor, recognizing the distinct perspective it brings to property valuation. The trial, unveiling Trump’s business practices, prompts questions about the ethical and legal implications of such unconventional strategies in financial dealings.
The focus now turns to understanding the consequences of Trump’s genius factor on property values, further emphasizing the trial’s significance in scrutinizing the former president’s business practices. While Trump’s legal team argues for the legitimacy of this approach as savvy business strategy, prosecutors maintain it breached ethical boundaries, aiming to secure more favorable loan terms and insurance coverage.
