They got his taxes and have Weiselbwrg and Cohen assisting. I’d say they can prove some things.
She recently declined a deal offered by Trump org a few weeks ago. Leads me to believe they can prove what they need to or else they would have settled.
As someone who deals with this type of thing regularly with Real Estate developers, the biggest things here is how incompetent DB was in this whole thing. How do you as a major bank, let this kind of thing happen? Surely there will be some sort of charges against them too. The loan compliance department must be in complete shambles because they spend years working on the due diligence of these types of deals.
1) The appraisal of the property is immaterial to this. These sorts of things are done on purchase of the property, and the allocation of the purchase price is done immediately and follows pretty standard guidelines for that area. So there really shouldn't be anything there, other than maybe Trump allocated a disproportionate amount to the building to take advantage of the depreciation in comparison to the land portion which doesn't get any depreciation.
2) The crux of this all is the misrepresentations made by Trump Co. The profitability of the properties was likely investigated for occupancy rates and signed agreements supporting the rent roll amounts. If Trump had shady tenants, or tenants with alternative arrangements these would not be on any supporting schedules for the rent roll. Likely leading to a discrepancy, but wouldn't be material unless there was a decent portion of the tenants part of this.
3) There is likely arrangements that are between multiple Trump co's as tenants that were used to beef up the total rents at these locations. But on tax filings these related co's likely didn't record the same rent figure on their financial statements.
4) The fact the accountants are participating in this is the complete death knell to this case. If he had a shred of credibility they would have been on his side, but they had to release statements saying they were dropping him as a client. I will be interested to see if Trump can find any expert witnesses to try and come up with a valuation to support his figures.
tldr - he is getting GG'd because he and his family are incompetent criminal morons who couldn't run the business his father gifted him. He had to resort to criminal behavior because his other business ventures were so bad that he had to commit fraud on properties in the most valuable spots in the world. Saying this was done for "political misdirection" is copium, a lawsuit like this is built on hard evidence and not brought without that.