Forbes editor reveals he testified before a grand jury investigating Trump’s affairs and was asked if the ex-president ‘inflated his wealth’
- Forbes editor Randall Lane says he spoke to a grand jury for 20 minutes
- He says he sought to avoid testifying by fighting a subpoena
- Prosecutors probe Trump’s finances and valuations
- There are allegations that he inflated values when seeking funding
- He told a grand jury that Trump was ‘obsessed’ with his place on the Forbes list
The editor of Forbes magazine, a publication known for its list of the richest people in the country, said he testified before a grand jury in the investigation into Donald Trump and his company – another indication that prosecutors are probing how Trump described the total value of his business. .
Forbes editor Randall Lane, who had sought to avoid testifying by contesting a subpoena, described his experience in a article on the site.
“I was asked to testify about the 2015 cover story I wrote chronicling his decades-long fixation on our net worth estimate,” Lane wrote, ultimately appearing under court order.
He said his own testimony, given to former mob prosecutor Mark Pomerantz in Manhattan District Attorney Cy Vance’s office, lasted about 20 minutes and consisted mostly of simple answers confirming the information from the 2015 magazine cover story about Trump.
The editor of Forbes magazine testified before a grand jury investigating Donald Trump that the former president told him that having a ‘higher net worth number’ was good for funding ”
“If we were sitting on something interesting, we would have already shared it with our readers,” he wrote.
The questions appear to align with earlier reports that prosecutors are focusing on allegations that Trump inflated property valuations when seeking financing, while downplaying them in communications with tax authorities.
Longtime Trump fixer Michael Cohen raised the allegation in congressional testimony.
The magazine ran a 2015 cover story titled “Doubting the Donald”, which quoted the future president saying “I look better if I’m worth $10 billion than $4 billion.”
Manhattan District Attorney Cy Vance is investigating the finances of Trump and the Trump Organization
According to the magazine, Trump exaggerated the size of his Manhattan penthouse, saying it was 33,000 square feet
Randall Lane, editor of Forbes magazine, says he resisted the subpoena for fear it would have a chilling effect on sources
He said he confirmed “That of the approximately 1,600 people who have been on The Forbes 400 since 1982, none of them, as we report in the article, have been more obsessed with their net worth than Donald Trump.”
A cover story was titled “Doubting the Donald”
He also confirmed that Trump told him he was worth “much more than $4.5 billion” and that he was “much more than $10 billion.”
Trump also told her “I look better if I’m worth $10 billion than if I’m worth $4 billion,” as the article reports. Specifically, Trump told me that a higher net worth number “is good for funding.”
Chase Peterson-Withorn also testified, who spoke for about 5 minutes according to Land and said Trump showed him his Trump Tower apartment and said it was 33,000 square feet and claimed it was worth at least twice as much as the $100 million that we pegged at.’
They asked the writer about a 2017 article, “Donald Trump lied about the size of his penthouse.” The publication researched his residence and discovered that it was at 10,996 feet.