Question for Old Guy  

Okay Old guy - You sit on a the board of a bank ... so let me ask you ...

You feel some people overstate the value of their property to either get favorable rates etc ...

So, if you had someone come to you for a commercial loan of 200 million dolllars , and this is what you found

2010: Valued at 80 Million and 10,800 square feet

2012: Values at 320 Million and 30,000 square feet

This was an asset-based loan, so the aforementioned property was used as collateral 

Next, your client stops paying the note on the 200 million dollar loan

You go to reposess (or put a lean on) the "320 Million dollar property" ... only to find that the real market value is, well, 80 million ... and it is not 30,000 square feet, but rather, 10,800 square feet ... 

Was there any fraud committed?