“But although the bank didn’t conduct its own full appraisals of Trump’s properties, “
They negligently did not do their own due diligence, so no one defrauded them. And they took no losses on the loans.
The suit is a case in search of a victim.
That is a crafty term thrown into the article. Banks usually don’t do full appraisals where the appraiser enters the property and essentially takes an inventory. Most appraisals are “drive by” ones- more cursory in nature. Either way, the only crimes here are being committed by the Judge and the AG.