My concern is more related to the fraud of appraisers
by gregmorrissey (2024-03-26 21:33:41)
Edited on 2024-03-26 21:37:06

In reply to: I don't disagree, and never said he didn't inflate his  posted by krudler


I agree with you that the banks make adjustments based on a skeptical review of the buyer’s provided financials. But the Trump Organization apparently, per KByrnes’ post, put in valuations that they said were provided by a third party when they weren’t. That’s an indefensible fraud that the banks may have relied upon.

I don’t care one way or the other about the case. I don’t think it will have any consequences on doing business in New York, and I do think it was a politically motivated witch hunt. I don’t like him, and I think he’s guilty so I don’t mind seeing his feet put to the fire. Like most things, it will turn into a careful what you wish for item down the road.