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The Independent UK
The Independent UK
National
Oliver O'Connell

Trump’s net worth claims were vital for loans, witness says - live

AP

This is where Donald Trump’s legal cases stand now

Donald Trump made a series of wild claims about President Joe Biden and the violence in the Middle East as he gave a speech in West Palm Beach, Florida, on Wednesday night.

At an event attended by MAGA Republican Matt Gaetz, the former president baselessly accused Mr Biden of taking drugs.

“‘You know what happens after about 20 minutes the stuff that he’s taking wears off. So he gets a little groggy,” he claimed.

Mr Trump claimed again the attack on “best friend” Israel would not have happened under his watch.

“If the election wasn’t rigged there would be nobody even thinking about going into Israel,” he claimed.

The same day, a New York court at his $250m civil fraud trial heard how Mr Trump’s claims about his net worth became a crucial factor in securing loans from Deutsche Bank.

Former risk management specialist Nicholas Haigh testified that given the niche market for some assets used as collateral — such as golf courses — the backing of a “financially strong person” was vital.

Mr Haigh said he believed the financial statements provided to the bank “were broadly accurate”. The New York attorney general’s office maintains they were based on false data.

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