Toro
Diamond Member
Providing false information is fraud.Shw me the document where he did that.
Read any article about Trump. You can't be this fucking stupid.
In articles about his relationship with the German bank, he told them his net worth was over 8 billion. Fraud.
The bank does due diligence then decides if they want to lend. If the bank takes him at his word without verifying his net worth, that’s on the bank.
Claiming that you’re worth $8 billion is not fraud. Providing fraudulent documentation is fraud.
Trump values his brand at whatever is over a billion dollars. It’s up to the bank to determine if his brand value is worth that much.
So, it is perfectly legal to verbally misrepresent ones financial strength when applying for a loan.
Yes.
If you go to the bank to get a loan on your home and claim it’s worth $2 million when it’s really worth $200,000, and the bank gives you a million dollar loan, that’s on the bank.
Of course, that won’t happen because the bank will do its due diligence on you, your home, your neighborhood, etc. They’ll look at you as nuts but they won’t have you arrested for fraud.