In 2015, the journalist authored articles about the former president's hang-up with where he landed on the magazine’s annual list of wealthiest people.
AdvertisementLane’s disclosure is the clearest indication yet that Manhattan prosecutors investigating Trump are zeroing in on whether he committed fraud by exaggerating his wealth, not only to Forbes but to banks to secure more favorable loan terms.
Lane said he was questioned for about 20 minutes by Mark Pomerantz, a former mafia prosecutor assisting in the probe, and was asked to confirm various things, including the methodology of the magazine’s list of richest Americans and Trump’s statements in the article that “I look better if I’m worth $10 billion than if I’m worth $4 billion” and that a higher net worth “was good for financing.
While grand jury proceedings are secret, there is nothing barring witnesses called before them from talking about their testimony. Cohen said Trump would inflate values to gain favorable loan terms and minimize them to reap tax benefits.
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