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Story · October 11, 2023

Bank witness says Trump loan papers mattered in fraud trial testimony

By The Daily Fuckup Newsroom · From the October 11, 2023 edition

Bank testimony on Trump loan paperwork Confidence 5/5
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★★★★☆Fuckup rating 4/5
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Correction: A Deutsche Bank risk management executive testified that Trump’s financial statements were important to lending decisions and loan terms, not necessarily the sole basis for the loans.

A former Deutsche Bank risk management executive told the New York civil fraud trial on October 11, 2023, that Donald Trump’s statements of financial condition were important to lending decisions tied to major loans for his Doral golf resort in Florida and his Chicago hotel and condo project. The testimony came in a bench trial that had already been underway since October 2, and it built on a September 2023 ruling in which the judge found Trump and other defendants had committed fraud by inflating asset values. ([apnews.com](https://apnews.com/article/364d1052f98816121000c26dc66f3878?utm_source=openai))

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