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Trump accused of reaping $1bn from fraud as New York civil trial starts
Tuesday, 3 October 2023
Former President Donald Trump's fraud lawsuit began on Monday, with New York state lawyers accusing him of providing banks and insurers with inaccurate financial information for a decade. They claim he did this to obtain better loan terms and lower insurance premiums, resulting in over $1 billion of illegal financial benefits. Trump's lawyer countered by stating that his financials were legal and there was no intent to defraud.
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