Date: October 3rd, 2023 6:17 PM Author: orange lodge
He submitted financial statements that inflated the value of his assets when he made personal guarantees on loans. To be clear, nobody says the collateral itself was overstated, but rather that lenders could not accurately assess the strength of his guarantee and were therefore "defrauded." No loans were defaulted on, no lenders are complaining, and somehow all of this went over a decade without being raised until it looked like Trump would get nominated again.