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Trump told CFO he wanted net worth to ‘go up’ on financial statements, exec testifies at trial

  • Former President Donald Trump allegedly instructed his ex-CFO, Allen Weisselberg, to increase his net worth on financial statements, as part of a larger scheme to inflate his net worth and gain favorable business deals.
  • Trump Organization executive, Patrick Birney, testified that Weisselberg informed him of Trump's desire to boost his net worth on financial statements. This supports the prosecutors' argument that Trump and his associates intentionally inflated valuations for personal gain.
  • The ongoing fraud trial alleges that Trump and his associates fraudulently misstated valuations on financial statements, with multiple witnesses providing evidence of how documents were prepared, approved, and valuations were calculated.
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Forbes broke the news in United States on Monday, October 16, 2023.
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