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I struggle with the New York Case by OrangeJubilee

I am not a Trump defender and think he is a terrible businessman and person in general, buuuut ...

The claim against him was for fraudulent business records, leading him to get better loans and insurance rates. But neither the lenders nor the insurers were suing him (and I think one big lender said they were doing the deal with or without his claims). Doesn't someone need to be defrauded in order for some to commit fraud? It does seem like the weird NY law they found really makes no sense.

Does NY prosecute every SEC registrant that has a restatement due to fraud?

It seems to me a case of once again hurting the overall narrative (things like the Georgia manipulation) by just throwing up marginal issues to take him to court.