It’s up to the people receiving the Good Spongebob Patrick Shirt to determine what his valuation methods are and whether or not they agree with them. I mean we were generally not a party to these transactions so I don’t think our opinions really matter, other than as supporting evidence for his fitness for office. But anyone who understands what he’s doing with manipulating the numbers and why he does it already knows he’s a crooked conman anyway. He’s guilty of fraud alright. If you file for a bank loan and if the tax form you submit to the bank is dramatically different then. The tax form you submit to the IRS, that’s committing bank fraud.
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Cohen confirmed Trump does this Good Spongebob Patrick Shirts. Deutsche Bank internal memos show they knew for a fact that Trump was inflating valuation on his loan documents – aka fraud – and gave him loans anyway. The whole point here is that inflating valuation is not necessarily fraud. We agree that it’s done in the spirit of fraud but legally it was probably not a fraud. I get that it boils down to what is provable, but if Trump is telling the has 1 billion in assets and for the same time frame telling a bank he has 6 billion in assets, one or both of those is a lie. Obtaining a bank loan under a false pretense is the definition of criminal bank fraud.
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