As part of his day long visit to the House Oversight Committee, Michael Cohen talked about how Donald Trump valued his assets.
Over the years, everything possible was done to maximize the value of Trump assets for reporting to Forbes…to maximize his showing on the Forbes list of rich guys. A rather pathetic display of ego.
But according to Mr. Cohen, similar tactics were used when reporting valuations to insurance companies…so in case of loss…the Trump Organization might reap amounts in excess of actual property values. That seems to edge on the criminal.
And similar valuations were reported to Deutsche Bank when applying for loans. That seems absolutely criminal to me.
I hope regulators and Deutsche Bank in particular is paying attention.
Recent Comments