Trump's Legal Troubles: From Bank Fraud Defense to Potential Property Loss

1 min read
Source: The Daily Beast
Trump's Legal Troubles: From Bank Fraud Defense to Potential Property Loss
Photo: The Daily Beast
TL;DR Summary

Donald Trump's defense in his bank fraud trial, claiming that his past lies on financial statements were justified because property values eventually increased, has been dismissed by the judge as "wholly without basis in law or fact." The judge has already determined that Trump committed bank fraud and will decide the outcome of the trial, which is a three-month bench trial without a jury. Trump's argument that the future value of his properties validates his inflated past assessments is inconsistent with how real estate professionals assess value and defies the laws of physics, according to experts. The defense's reasoning has been described as detached from reality and reveals Trump's willingness to justify his lies.

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