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The Independent UK
The Independent UK
National
Michael R. Sisak and Jennifer Peltz

Donald Trump’s financial statements were key to getting loans, ex-bank official tells fraud trial

Donald Trump Arthur Engoron Deutsche Bank Allen Weisselberg Letitia James New York
Copyright 2023 The Associated Press. All rights reserved

Donald Trump obtained hundreds of millions of dollars in loans using financial statements that a court has since deemed fraudulent, a retired bank official testified Wednesday at the former president’s New York civil fraud trial.

Trump’s statements of financial condition were key to his approval for a $125 million loan in 2011 for his Doral, Florida, golf resort and a $107 million loan in 2012 for his Chicago hotel and condo skyscraper, former Deutsche Bank risk management officer Nicholas Haigh testified.

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