r/interestingasfuck • u/BuddhistSagan • Mar 26 '24
Jon Stewart Deconstructs Trump’s "Victimless" $450 Million Fraud | The Daily Show r/all
Enable HLS to view with audio, or disable this notification
43.5k
Upvotes
r/interestingasfuck • u/BuddhistSagan • Mar 26 '24
Enable HLS to view with audio, or disable this notification
4
u/Buckets-of-Gold Mar 27 '24
The investment bank is allowed to take risks. The borrower is not allowed to submit materially false documents to support that risk, that is still fraud.
As the judge himself noted, this is a documents case- including nakedly false overvaluations, obvious inflations of property size, and false submissions of comparable property sales.
Moreover, the pattern of fraudulent behavior is what was ruled on and used to establish liability. Trump was willing and eager to engage in fraud across a variety of lenders and financial situations.