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Trump and the Trump Organization submitted false financial statements to secure better loan terms and lower taxes. Some of the falsified information includes:

- Valued a plot of land at $161 million when it was worth $5.5 million (SFC)

- Valued a golf course as though 2,500 homes had already been built at £83,164. No homes had been built, the government only permitted 500, and they were appraised at £33,296.

- Tripled the square footage of Trump's apartment

- Overvalued apartments at Trump Park Avenue by 700%

- Valued a development at $101 million despite a $45 million appraisal, and kept the higher valuation despite the number of units reduced from 71 to 31

- Continued to value Mar-a-Lago as a single-family residence, despite having signed away that right in exchange for lower taxes

Trump's former lawyer, Michael Cohen, testified Trump would arbitrarily decide on his net worth and indirectly task Cohen and other to reverse engineer finances to achieve that number.

Trump and his companies were ordered to return $354.8 million in ill-gotten gains, with interest of an extra $100 million.

References

• Summary Judgment (ny.gov)