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Trump accused of reaping over $1bn from fraud as trial begins
October 03, 2023
|Hindustan Times
Donald Trump is accused by New York attorney general Letitia James of inflating his assets and his own net worth from 2011 to 2021
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NEW YORK: Donald Trump gained more than $1 billion by lying about the value of his assets to banks and insurers, lawyers for the New York state attorney general told a judge on Monday in a civil fraud case that could deal a major blow to the former president's real estate empire.
Kevin Wallace, a lawyer in state Attorney General Letitia James' office, said in his opening statement in a downtown Manhattan courtroom that Trump described his finances to banks and insurers in a "materially inaccurate way" for a decade.
Wallace said Trump did this to get better loan terms and lower insurance premiums, illegally generating more than $1 billion of financial benefits.
هذه القصة من طبعة October 03, 2023 من Hindustan Times.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Hindustan Times
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