אינטרעסאנט, די עיקר בענעפיטס וואס מען קלאגט איז אז דויטשע באנק האט געגעבן א בעסערע רעיט ווייל ער האט געגעבן פערסאנאל געראנטי מיט בעסערע פיינענשעלס? איך ליין גוט?סא אפילו נישט קיין טעקס פראוד?
II. Financial Benefits Gained
The false and misleading Statements of Financial Condition were used to obtain and
maintain favorable loans over at least an 11-year period. All told, the financial benefit
realized from this scheme was approximately $250 million, including interest savings
and transaction profits. Examples include:
Trump International Hotel & Tower, Chicago, Illinois
Since 2009, this property’s value has been excluded from the statements because,
according to sworn testimony, Mr. Trump did not want to take a position that would
conflict with his contention to tax authorities that the property had become worthless,
and thus formed the basis of a substantial loss under the federal tax code. However, in
2012, using the building or its components as collateral, Mr. Trump and the Trump
Organization obtained a $107 million loan on the building from Deutsche Bank. The loan
received a $45 million expansion in 2014. Mr. Trump’s supposed net worth of $4 billion
reflected in his statement was used to personally guarantee the initial loan at an interest
rate approximately four percentage points lower than it would have been without his
guaranty.
Trump National Doral, Miami, Florida
The Trump Organization executed a $150 million purchase and sale agreement for this
property in 2011. Mr. Trump’s statements were used to secure a $125 million loan from
Deutsche Bank and were regularly submitted to the bank to fulfill Mr. Trump’s financial
reporting requirements as guarantor on the loan. In multiple instances, the loan
agreement required that Mr. Trump certify the truth and accuracy of his statements as a
condition of the guaranty and the continuing loan covenants.
Trump Old Post Office, Washington, D.C.
In 2013, the Trump Organization obtained a ground lease from the federal General
Services Administration to redevelop this property into a luxury hotel. This project was
captained by Ivanka Trump, and Mr. Trump’s statements were central to their effort to
win the bid to redevelop this site. They were able to obtain a $170 million loan for
construction from Deutsche Bank on much more favorable terms by personally
guaranteeing the loans using Mr. Trump’s statements. The loan agreement required
that Mr. Trump certify the accuracy of his statements annually and included a provision
that made him guarantee that the materials provided to the bank to obtain the loan did
not include any misleading information. Any misrepresentation on those statements
would constitute a default under the terms of the loan. In May 2022, the Trump
Organization sold the Old Post Office property for $375 million. As a result, Mr. Trump
obtained more than $100 million in net profit, which was the result of a loan he was able
to obtain by using his false and misleading statements.
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אגב זייער אינטעסאנטע קלאגעס... איך מעג נישט אפערן פאר מיין קינד א דירה ביליגער ווי די וועליא??
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אויך ביי מיין קאלקולעיטער א פראפערטי וואס ברענגט 25 רעדלעך ביי א 4 קעפ (וואס אייקאניק פראפערטיעס ווערן פארקויפט) איז ווערד 625 מיליאן, ווי זי קומט אן צו 75 מיליאן ווערד האב איך נישט קיין אהנונג, האו עבאוט זי פארקויפט מיר אירע פראפערטיעס פאר די חשבון? איך קלויז קעש סעים דעי!
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