LogFAQs > #978954248

hungrymike posted...

Its worth what someone is willing to pay for it. If the banks evaluators accepted it as collateral than that's what it worth, for a loan...that got laid back.

so fraud is okay because they got paid back

lmao ok

except them getting paid back isn't what constitutes the fraud. (did they even get paid back lmao)

Trump and others at his company had inflated valuations of his properties by hundreds of millions of dollars over a the course of a decade and misrepresented his wealth by billions in a scheme, the state said, intended to trick banks and insurers into offering more favorable deal terms.

yeah, that's cut and dry fraud