How Donald Trump's Inflated Property Values Led to a $453 Million Fine

The crux of the case is that Donald Trump provided inflated values of his properties when seeking to obtain loans from major financial institutions These financial institutions were well-versed in their business performed their own assessments of value and all of these loans were repaid in full By claiming a higher value for his properties the judge found that Donald Trump was able to benefit from lower interest rates than he would otherwise receive The fine of four hundred and fifty three million dollars was meant to recapture these quote unquote ill-gotten gains And as these transactions happened years ago Part of that fine is for interest being charged from the dates of the transactions until today

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