Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: SeekAndFind
New York Attorney General Letitia James has alleged Trump and his company defrauded Deutsche Bank by submitting his inflated net worth statements to get better rate.

David Williams: "Mr. Trump applied for the loan at a 3.5% annual percentage rate, the best rate we were offering at the time. We did our due diligence and after we adjusted his estimated net worth from $4 billion to $2.5 billion, we determined that he still qualified for the loan at a 3.5% annual percentage rate."

16 posted on 11/29/2023 9:39:56 AM PST by 17th Miss Regt ( )
[ Post Reply | Private Reply | To 1 | View Replies ]


To: 17th Miss Regt

James ran for New York AG Letitia James to get Trump.

She looked high and low eventually “found a crime”
to “get Trump”.....now it looks like she’s lost it.

She brazenly alleged Trump and his company defrauded Deutsche Bank by submitting his inflated net worth statements to get a better bank rate, and, in doing so, Trump also violated loan requirements called “covenants.”


Now Deutsche Bank wealth manager David Williams testified: “Mr. Trump applied for the loan at a 3.5% annual percentage rate, the best rate we were offering at the time. We did our due diligence and after we adjusted his estimated net worth from $4 billion to $2.5 billion, we determined that he still qualified for the loan at a 3.5% annual percentage rate.”


21 posted on 11/29/2023 11:01:28 AM PST by Liz (Women have tremendous power — their femininity, because men can't do without it. Sidney Sheldon)
[ Post Reply | Private Reply | To 16 | View Replies ]

To: 17th Miss Regt
"David Williams: "Mr. Trump applied for the loan at a 3.5% annual percentage rate, the best rate we were offering at the time. We did our due diligence and after we adjusted his estimated net worth from $4 billion to $2.5 billion, we determined that he still qualified for the loan at a 3.5% annual percentage rate."

That should settle the case right there. The bank says that any overvaluation on Trump's part did NOT change his loan rate and hence there was no fraud involved or economic benefit to Trump from the alleged overvaluation.
23 posted on 11/29/2023 11:32:28 AM PST by Steve_Seattle
[ Post Reply | Private Reply | To 16 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson