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Salon
Salon
Politics
Tatyana Tandanpolie

NY AG got Trump to admit "damning" fact

Donald Trump Letitia James Lisa Rubin Arthur Engoron Katie Phang Inner City Press MSNBC

Former President Donald Trump appeared to confirm that the property valuations that his company submitted to banks and insurers were meant to "induce" loans from lenders while being questioned by prosecutors from the New York attorney general's office, legal experts say.

Counsel for the New York attorney general's office on Monday showed Trump a Deutsche Bank term loan agreement from the early 2010s that Trump had verified and signed. The prosecutor then asked Trump if the intentions to submit values of businesses and the properties of the Trump Organization were "in order to induce lending," Inner City Press' Matt Russell reported.

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