Legal Pressure on Trump Increases With Judge’s Order in Fraud Inquiry New York Times (furzy). IMHO the valuation issue is noise. Any lender does his own due diligence and on real estate, should make his own proformas from the rent rolls. Unless Trump provided copies of tax returns for the relevant entities that weren’t the same as the ones filed, or fake rent contracts, it’s hard to see the problem. Plus as we’ve pointed out with PE, when you have more than one firm investing in the same company, it is not hard to see valuations that differ by 100% or more (as in one fund puts a value on it 2x or more higher than the other fund) and each can offer a very articulate defense of their valuation. But not treating forgiven debt as income? How could Trump’s accountants have signed his tax returns?
Ex-FBI lawyer Kevin Clinesmith avoids prison after admitting he doctored email in investigation of Trump campaign Washington Post
