AG James: Trump Organization allegedly inflated value of 2 Westchester properties
State Attorney General Letitia James is now outlining how the Trump Organization allegedly inflated the value of two properties in Westchester.
James says Seven Springs, a 212-acre property in Bedford, jumped from being valued at $80 million to $291 million.
The explanation for the last valuation was that luxurious townhomes would be built, but she says that never happened.
At the Trump National Golf Club in Briarcliff Manor, the attorney general says the valuation went from $8.5 million to nearly $70 million.
A portion of that valuation was based on an initiation fee of $150,000 for 67 unsold memberships.
James says an investigation found many new members paid no deposit at all in 2011 or an initiation fee in 2012.
A Trump Organization spokesperson says it's James who is misleading the public, and that her allegations are baseless and will be vigorously defended.