The Trump Organization executive who burst into tears in the witness box testified Tuesday that an inaccurate email was to blame for overvaluing Donald Trump’s penthouse by more than $100 million, according to a new report.
Former controller Jeffrey McConney told the court his valuation relied on a Trump Organization broker who misrepresented the size of the Trump Tower home, ABC News reports.
"I figured he knew the property a lot better than I did," McConney reportedly testified. “I would rely on him.”
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The Trump Tower penthouse is at the heart of New York Attorney General Letitia James’ $250 million lawsuit, which contends the Trumps defrauded lenders by inflating the value of their holdings.
The Trumps deny wrongdoing.
But Trump and his associates were found liable in Judge Arthur Engoron’s summary judgment, which said the penthouse — incorrectly listed at 30,000 square feet — had been overvalued.
McConney reportedly said he spent little time in Trump’s apartment.
