In 2020, the same year Donald Trump valued his Mar-a-Lago social club at $517 million in his statement of financial condition, the former president's tax representative signed a waiver agreeing with a much lower market value of $27 million, according to documents entered into evidence at trial.

Judge Engoron already determined in a summary judgment that Trump overvalued Mar-a-Lago by "at least 2,300%" by valuing the club between $426 and $612 million in his financial statements, despite the Palm Beach county assessor appraising the value between $18 and $27.6 million between 2011 and 2021. The documents entered into evidence today, as well as testimony from former Trump Organization VP Raymond Flores, adds context regarding who at the Trump Organization could have been aware of the discrepancy.

Trump's tax representative tried to appeal the assessment in 2020 before eventually withdrawing the appeal. In that withdrawal, Trump's representative conceded that "the petitioner agrees with the determination of the property appraiser or tax collector."

"Was it your understanding that the appeal was withdrawn because the Trump Organization agreed with the value of the property assessor?" state attorney Andrew Amer asked Flores about the $27 million valuation.

"Yes," Flores answered.

Trump Organization controller Jeffrey McConney previously testified that Trump valued Mar-a-Lago as a private residence from 2011 through 2021, despite Trump signing a deed that restricted Mar-a-Lago's usage to a social club, thereby limiting its resale value.

During a 2021 email exchange, Flores forwarded an email to former Trump Organization CFO Allen Weisselberg and Eric Trump in which Trump's tax broker, Michael Corbiciero, explained the tax implications of classifying Mar-a-Lago as Trump's residence, rather than a social club.

"Currently this property is assessed as a private club with the current assessed value at $359/sqft'' compared to nearby properties valued at nearly ten times the rate, the email stated. Corbisiero ultimately recommended against classifying Mar-a-Lago as a residence rather than a social club due to the tax implications, according to the email forwarded to Eric Trump and Weisselberg.

The New York attorney general plans to call David Cerron, an assistant commissioner at the New York City Parks Department, to the witness stand later today.

Cerron is expected to testify about Donald Trump's arrangement to operate a golf course at Ferry Point Park in the Bronx, New York.

The attorney general claims that Trump's 2010 bid to operate the course relied on fraudulent financial statements.

"The award granting the Trump Organization the concession cites Mr. Trump's wealth as one basis for award, and the contract documents include a personal guaranty by Mr. Trump," according to the attorney general's complaint.

Former Trump Organization Vice President Raymond Flores is scheduled to return to the witness stand this morning.

Flores’ testimony, which began on Oct. 20, was postponed after a COVID-19 exposure delayed proceedings last week.

Flores was asked during his testimony earlier this month about his role in reviewing Trump’s financial statements and overseeing his golf courses, but said he could recall few details about his work in those areas.

Former President Donald Trump's lawyers have paid $15,000 to the New York Lawyers' Fund for Client Protection on behalf of the former president for his two gag order violations.

Judge Arthur Engoron fined Trump twice for violating his limited gag order prohibiting public statements about members of his staff.

Trump was fined $10,000 this week for a statement he made to reporters in court, which Engoron determined was in reference to his clerk. He was fined $5,000 last Friday for inadvertently keeping a Truth Social post -- which prompted the initial gag order -- on his campaign website after deleting it from his Truth Social account.

"Without waiving any rights or remedies, including, without limitation, any rights to appeal said orders, on behalf of our client, we enclose herewith a check from our attorney trust account in the amount of $15,000 in accordance with the court's orders," defense lawyer Alina Hanna wrote in a filing posted today.

Trump's lawyer Chris Kise signaled in court Thursday that Trump will likely appeal the most recent $10,000 violation.