Comment by FireBeyond

> Generally speaking, if you want to lie about your net worth you are choosing between tax fraud and insurance fraud.

Funnily enough there is (was?) legal activity about exactly this with our current POTUS.

Real estate assets when being accounted for tax purposes: "Worth: $x"

Same real estate assets when being accounted for loan collateral: "Worth: $10x".

But of course like most legal activity against POTUS, it's just been "abandoned".