I think they are saying he defrauded the banks by overstating his net worth which in turn got him more favorable loan terms. Which is completely bogus bullshit as every bank does their own due diligence and would know exactly what his net worth was worth in their own opinion.
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Reddit is probably the biggest source of disinformation online. A lot of people talk about Facebook being horrible and run by leftists, Reddit is 10x worse. It’s indoctrinating so many people with its bullshit lies and miss truths.