Elderly Woman Takes Stand In Trump Tower Trial

Woman says she never knew the profit-sharing agreement was "was subject to change."

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    NEWSLETTERS

    Investor, 87, claims Trump Tower reneged on revenue-sharing plans that were advertised as part of the original development. Charlie Wojciechowski reports. (Published Friday, May 17, 2013)

    An elderly woman who claims she was misled in a profit-sharing plan at Chicago's Trump International Hotel & Tower took the stand in court Friday.

    Jacqueline Goldberg claims Donald Trump promised her a portion of the revenue if she bought property inside but the building, but later reneged on the deal in an alleged bait-and-switch.

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    In court Friday, Goldberg said she first became interested in buying at that location because of Trump's reputation for upscale buildings.

    She met with realtors in 2006, and was shown floor plans and discussed the amenities, like the ballrooms, meeting rooms and parking garages.

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    Real estate magnate says elderly woman suing him concocted bait-and-switch story to get a non-refundable deposit back. Kim Vatis reports. (Published Wednesday, May 15, 2013)

    "The revenue stream coming in from ballroom, parking, it was like another stream of income,"Goldberg said. "It helped to make the prospect look very attractive."

    Goldberg says she bought a two room hotel unit (bedroom/living room and small kitchen) for $1.49 million because it "was appealing for a potential renter."

    She later bought a second unit on the same floor, mainly because of the profit sharing plan, Goldberg said on the stand.

    Goldberg said she read over the contracts and never saw that the agreement "was subject to change."

    Trump testified earlier this week and sharply criticized Goldberg on the stand and to reporters afterward.

    He said Goldberg is trying to "rip" him off, and that she's trying to curry sympathy by highlighting she's nearly 90. He claimed, "nobody played the age card better than her."

    Goldberg wants her $500,000 deposit back and the profit she says she would have made had Trump stuck to his offer.

    Testimony ended Friday with Goldberg still on the stand. It will continue Monday morning with the jury expected to begin deliberations Wednesday.