Trump reaped over $100 million through fraud, New York says as trial starts | Reuters
The article discusses Donald Trump’s New York civil fraud trial, where prosecutors seek $370 million over alleged fraud and aim to bar him from conducting business in the state. Despite warnings from the judge, Trump turned closing arguments into a campaign attack, accusing prosecutors of hindering his political comeback. The trial is one among several legal challenges Trump faces, including rape allegations and conspiring to overturn the 2020 election.
The accusations involve inflating or deflating property values for favorable loans or insurance. The prosecution claims deceptive schemes, citing an example where Mar-a-Lago’s value allegedly used inflated “asking prices.” Trump’s lawyer denies intent, acknowledging potential errors in financial statements but disputing fraud claims. The judge aims to reach a decision by January 31, and if found liable, the payment amount will be disclosed later.
The article highlights the intersection of Trump’s legal battles and his political ambitions, portraying the courtroom as both a legal arena and a campaign platform. Trump faces multiple trials in different states, with charges ranging from election interference to racketeering, showcasing the complexity of his legal situation.
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