Donald Trump’s financial statements were key to getting loans, ex-bank official tells fraud trial

Published October 11, 2023 2:27 PM

By MICHAEL R. SISAK and JENNIFER PELTZ
Associated Press

NEW YORK (AP) — Donald Trump obtained hundreds of millions of dollars in loans using financial statements that a court has since deemed fraudulent, a retired bank official has testified at the former president’s New York civil fraud trial. Trump’s statements of financial condition were key to his approval for a $125 million loan in 2011 for his Doral, Florida, golf resort and a $107 million loan in 2012 for his Chicago hotel and condo skyscraper, former Deutsche Bank risk management officer Nicholas Haigh testified.

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