New York Times’ scathing article on appraisers wins Polk Award

BVWireIssue #197-4
February 27, 2019

valuation methods & approaches
control premium, discount for lack of marketability (DLOM), fair market value (FMV), going concern, minority discount, valuation methodology, accounting, control, valuation methods

In our coverage of the New York Times article on the “friendly” valuations used to increase the fortune President Trump received from his father, we called it “brilliantly written and fascinating.” The article has just won a prestigious Polk Award in Journalism, according to a news release. The extensive investigation by the Times revealed that manipulated appraisals of real estate and sham companies were used to transfer the elder Trump’s wealth to Donald and other heirs while slashing estate and gift taxes. Long Island University annually gives the awards in memory of George Polk, a CBS correspondent who was killed in 1948 while covering the civil war in Greece.
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