Subject: Re: Trump's "fraud" in NY
Actually, if the allegations are true, then there is an injured party. However, those parties should have done their own independent appraisals. So it is their stupidity for not doing that, and relying on the Trump organization to supply accurate numbers. But just because you're stupid doesn't mean someone didn't commit a fraud against you. That you got lucky and didn't lose any money is, apparently in terms of the laws on the books, irrelevant. IANAL, but that's how I understand it.

They also perpetrated (potentially) a fraud against the government(s) since they tried to undervalue their assets for tax purposes, and overvalue them for collateral/loan purposes.