Trump Family Outraged Over Ridiculous Mar-A-Lago Valuation

President Trump has been battling a fraud lawsuit that threatens to strip him of some of his properties.

The judge claimed the Mar-A-Lago property was overvalued by over $400 million.

Following the court ruling, Eric Trump has taken to Twitter over a court ruling that deemed President Trump overvalued his Mar-A-Lago property.

Check out the Tweet here:

In an attempt to destroy my father and kick him out of New York, a Judge just ruled that Mar-a-Lago, in Palm Beach Florida, is only worth approximate “$18 Million dollars”… Mar-a-Lago is speculated to be worth we’ll over a billion dollars making it arguably the most valuable… pic.twitter.com/b0U6J5ykWJ

— Eric Trump (@EricTrump) September 26, 2023

I have to side with Eric Trump here.

It seems ridiculous to value Mar-A-Lago at only $18 million.

Let me show you this Tweet that highlights how absurd it is:

JUST IN – A New York judge ruled that Trump inflated his property values, including Mar-a-Lago, which the judge determined was worth $18-$27 million from 2011 to 2021.

To put this into perspective, neighboring homes on 0.28-0.89 acres are listed for $18-40 million.

Mar-a-Lago,… pic.twitter.com/cpqICdAynf

— KanekoaTheGreat (@KanekoaTheGreat) September 27, 2023

You can see in the picture that a property with only .49 acres is somehow double the worth of Mar-A-Lago, roughly 20 acres.

The Hill has more on the story:

In a court filing Tuesday, Justice Arthur Engoron ruled Trump committed fraud in building his real estate empire through falsely valuing multiple of his properties, including the Mar-a-Lago resort and Trump Par Avenue in New York.

Engoron found Trump consistently overvalued Mar-a-Lago, inflating its value on one financial statement by at least 2,300 percent. The ruling pointed to a Palm Beach County Assessor’s appraisal from 2011-2021, which estimated Mar-a-Lago’s value between $18 million and $27.6 million.

In another post on X, Eric Trump posted an unverified screenshot of home listings in Palm Beach, Fla. which appear to have market values of over $35 million.

“These homes are about 1/30 the size of Mar-a-Lago, not on the beach (let alone the beach and intercostal), don’t span from once side of the Palm Beach Island to the other…it is a travesty of justice and embarrassment to the court,” the younger Trump wrote.

The ruling comes as part of New York Attorney General Letitia James’s lawsuit against Trump, the Trump organization, Eric Trump and Trump’s other son, Donald Trump Jr., over more than a decade of alleged fraud.

The $250 million lawsuit alleges Trump’s company sought lower taxes and better insurance coverage by falsely inflating and deflating the value of its assets.

I can’t lie to you guys.

I’m not entirely informed on the other properties.

But the ruling on Mar-A-Lago doesn’t look right.

President Trump himself has taken to Truth Social on the matter.

Here is a Tweet of his post:

WE NEED JUSTICE IN OUR COUNTRY! This political hack judge, who values, Mar-a-Lago, the most spectacular parcel of real estate in Palm Beach, and perhaps all of Florida, at $18 million in order to reduce valuations on my financial statements, which are, in fact, lower than my…

— Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) September 27, 2023

Newsweek has more on President Trump’s statement during his testimony:

Trump himself also fought back on the valuations during his testimony.

Speaking of his financial statements, the former president said, “When you open it up, the first thing you see and the first thing you read is this clause that goes on to tell you that—that you shouldn’t rely on the statement.”

“Remember you have a disclaimer clause that everything we’re saying is supposed to go out and get your own appraisal,” he added. “You’re supposed to do—you’re supposed to pay no credence to what we say whatsoever. So [that’s] why it’s very unfair.”

It would not be surprising if the judge is biased in this case.

The American judicial system is up in flames at the moment.

An impartial judge seems impossible to come by.

We will keep you all updated on how this story develops.