I thought this “misleading claims of property values for attaining loans” garbage had already been put to bed. Anyone could be charged with the same...isn’t that why banks do appraisals? It’s a matter of opinion unless a property is on the market and gets multiple bids...then sells - that is what it is worth. Everything outside of a sales process is nothing more than an estimate.
It is even crazier than that in that there are different values depending on the system of accounting used and any adjustments that apply. Thus book value, tax value, market value, depreciated value, and so on may legitimately yield different valuations.