No fraud is possible because of how Trump valued his own properties, above or below market.
Banks don't accept the value opinions of property owners or buyers when making loan decisions. Banks determine property value for commercial loans by getting appraisals from certified, professional, independent commercial property appraisers.
“Banks determine property value for commercial loans by getting appraisals from certified, professional, independent commercial property appraisers.”
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Yep, the same as a residential mortgage.
In this case we have a ‘crime’ with no victim. The banks made the loans. Trump paid the loans back, plus interest.
“Crime” of the century with no victim.