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And in breaking news ...

Trump defrauded banks, insurers as he built real estate empire, judge rules

Judge Arthur Engoron, ruling on Tuesday in a civil lawsuit brought by New York’s attorney-general, found that the former president and his company deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing financing

... Imagine that, who would have thought?🤔
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JSul3 · 70-79
Trump goes into a bank seeking a loan. He shows his portfolio to the bankers, stating inflated worth of his properties.

Come tax time, Trump places undervalued worth of these same properties in order to avoid paying taxes.

That is fraud.