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Trump’s Civil Fraud Trial Unravels Backstory of up to $125 Million Loan From Deutsche Bank

Posted on AllSides October 11th, 2023
From The Center
LUDOVIC MARIN/AFP via Getty Images

Deutsche Bank’s former risk manager testified on Wednesday morning that he believed Donald Trump’s claims about his net worth were “broadly accurate” when he signed off on an up to $125 million loan to the then-real estate mogul in 2011.

Nicholas Haigh, who headed the German lender’s risk management division until 2018, said that he let Trump use one of his prized golf courses as collateral on the loan because of the former president’s claims about his personal wealth. 

“Deutsche Bank would not make loans just on collateral,” Haigh testified...

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