The reality of this case is that real estate values, whether for tax purposes, or if used as loan collateral, will be independently investigated and set by the taxing authority, or by the bank in the course of due diligence.
No matter what Trump said, the values used in the end are set independently of Trump.
The financial institutions made the loans, they were repaid.
Where is the fraud in that?
I could run around claiming to be a millionaire all day.
As long as that does not cost anyone else money, nor result in direct personal gain, how is that claim "fraud".
If I honor my obligations, financially and otherwise, as I have agreed, where is the crime?
As defined: Fraud: wrongful or criminal deception intended to result in financial or personal gain.