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Published 3 months ago

Deutsche Bank was keen to land a ‘whale’ of a client in Trump, documents at his fraud trial show

  • Deutsche Bank aggressively pursued Donald Trump as a lucrative client, increasing their relationship from $13,000 in revenue to $6 million in two years.
  • New York Attorney General Letitia James alleges that Trump and his company deceived lenders and insurers with inflated asset values, while the defendants deny any wrongdoing and claim the bank courted Trump's business.
  • Trump personally guaranteed the loans, and the bank initially valued his net worth at $2.4 billion instead of his claimed $4.2 billion when considering a loan for the Doral property.
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