https://www.losangelescriminallawyer.pro/california-penal-code-section-532-pc-theft-by-false-pretenses.html#:~:text=Depending%20on%20the%20value%20of,petty%20theft%20charges%20would%20apply.

Trump enterprise routinely inflates or deflates its value for financial gain, a practice that had to be punished.
And there are laws related to it.

Falsifying financial statement is not the same as asset value fluctuation, his lawyers can try their best, but the routine theft activity is not innocent at all.

And "no damage" is not relevant here.