politics @lemmy.world · 1 year ago

Trump deceived Deutsche Bank, former exec testifies

www.motherjones.com

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Trump deceived Deutsche Bank, former exec testifies

www.motherjones.com

jeffw@lemmy.world to

politics @lemmy.world · 1 year ago

He vastly overstated his wealth to obtain favorable loan deals, prosecutors allege.

A former Deutsche Bank executive testified this week that the German financial behemoth only agreed to make massive loans to Donald Trump because of Trump’s vast personal fortune. The problem? The bank apparently thought, based at least partly on financial statements provided by Trump, that he was far wealthier than he really was.

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TropicalDingdong@lemmy.world
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1 year ago
Yeah, but Deutsche Bank also built a business specifically around allowing themselves to be deceived in these ways…

So theres that…

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