LEGAL/TRUMP BUSINESS: “Donald Trump obtained hundreds of millions of dollars in loans using financial statements that a court has since deemed fraudulent, a retired bank official testified Wednesday [October 11, 2023] at the former president’s New York civil fraud trial…
A judge last month ruled that the former president and his company, the Trump Organization, committed years of fraud by exaggerating the value of Trump’s assets and net worth on the financial statements he gave to banks, insurers and others to make deals and secure loans.”
-Michael R. Sisak and Jennifer Peltz, “Banker says Trump’s financial statements were key to loan approvals, but there were ‘sanity checks,'” apnews.com, October 11, 2023