ow Donald Trump Reportedly Inflated His Net Worth to Lenders
By Matt Stieb
... moreow Donald Trump Reportedly Inflated His Net Worth to Lenders
By Matt Stieb
Donald Trump in 2013. Photo: Susan Watts/NY Daily News via Getty Images
Whether he’s pretending to be his own PR person, questioning the accuracyof a damning quote caught on tape, or exaggerating the middle-class benefits of corporate tax cuts, Donald Trump has always had a loose relationship with the truth. According to a new report from the Washington Post, Trump’s shaky connection to factual reality also applied to business deals, in which the real-estate mogul — already known for stiffing on the bill— misreported his assets to convince lenders to provide him with funding.
According to the Post, if Trump wanted to impress a business partner or journalist, he would send over a folder called the “Statements of Financial Condition,” documents that ran up to 20 pages and were frequently packed with mistakes. In his 2011 version of the doc, ... less