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Trump Indicted on 34 Felony Counts
Indictment Details Alleged Scheme to Defraud New York State
Former President faces multiple charges, including falsifying business records and conspiracy
Prosecutors in New York unsealed an indictment and statement of facts Tuesday against former President Donald Trump and more than a dozen of his associates, alleging a scheme to defraud the state of New York by manipulating the value of Trump's assets.
The indictment details 34 felony counts, including falsifying business records, conspiracy, and grand larceny. The charges stem from an investigation by the New York Attorney General's office into the Trump Organization's financial practices.
According to the indictment, Trump and his associates allegedly inflated the value of Trump's assets to obtain favorable loan terms and insurance coverage. They also allegedly understated the value of his assets to reduce his tax liability.
The indictment is the culmination of a three-year investigation by the New York Attorney General's office. It is the first time that Trump has been indicted on criminal charges since leaving office.
Trump has denied any wrongdoing and has called the investigation a "witch hunt."
The indictment is a major development in the ongoing legal battles surrounding Trump. It is unclear whether Trump will face any additional charges or if he will be convicted on the current charges.
Stay tuned for updates as this story develops.
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