Ivanka Trump’s NYC Apartment Was Overvalued By $12 Million, Accountant Testifies At Fraud Trial

The value of Ivanka Trump’s Park Avenue penthouse was questioned during trial in the New York attorney general’s civil fraud case against former President Donald Trump.

Donald Bender, former Trump accountant at Mazars USA, testified in Manhattan Supreme Court that he saw errors between the value listed for the penthouse on documents and its potential sale price.

Though he did not audit the company, he testified that he told Trump Organization officials “from time to time” that there were inconsistencies in financial documents.

He said he once pointed out a difference in how Ivanka’s home was valued compared to what it was listed as a buying option for her.

The suit was brought by New York Attorney General Letitia James (D) over claims that the Trump family has been inflating the former president’s net worth by misrepresenting the values of his properties.

Court filings state that Ivanka’s apartment was valued at $20.8 million on financial statements in 2011 and 2012, despite a purchase option of $8.5 million in the lease.

Though a June appeals court dismissed the charges against Ivanka in the lawsuit, she and three other family members are still listed as witnesses.

They could be called to testify at the trial, which is expected to last until late December.