A retired bank official testified that former president Donald Trump obtained hundreds of millions of dollars in loans based on financial statements that have since been deemed fraudulent. 

<div class="block">A retired bank official testified that former president Donald Trump obtained hundreds of millions of dollars in loans based on financial statements that have since been deemed fraudulent. </div>

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Former Banker Testifies Trump Used Fraudulent Statements to Get Loans

Latest from Donald Trump's New York fraud trial. Yesterday, a retired bank official testified that the former president obtained hundreds of millions of dollars in loans based on financial statements that have since been deemed fraudulent. The statement led to approval of 100 and $25 million loan for his golf resort in Florida, a $107 million loan for a Chicago hotel and condo. In turn, those loans enabled Trump to obtain larger loans and of course lower interest rates. One banking official said they did not always fully appraise Trump's properties but did perform what they called sanity checks on the numbers. Trump has continued to deny any wrongdoing.