Quote:
Originally Posted by Poindexter
Now I am using the assumption that the loan was paid in full as was supposedly claimed by Donald Trump.
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I'm going to bow out of this conversation because I don't want to spend a ton of time on it but to give you a brief response;
What happens to the loans is largely irrelevant. Trump may claim he paid them and maybe he did maybe he didn't... doesnt matter... the fraud is the act prior to the loan being executed if that occurred.
Simple non-finance example; I claim to be a doctor but I'm not. I Tell you I'm a doctor and then perform a surgery. No matter the outcome of the surgery, live, die, heal, get sicker... you can sue the hell out of me because I lied to you.
Fraud works on the same principles and even if the lenders don't bring the suit the state reserves the right to bring them as well. At least they could in Michigan and finance is significantly more regulated in New York.