10 things you need to know today: October 3, 2023

Trump calls fraud case a 'sham' as trial starts, Matt Gaetz files resolution seeking to oust McCarthy, and more

Donald Trump in court for New York fraud case
Donald Trump in court for New York fraud case
(Image credit: Stephanie Keith / Bloomberg via Getty Images)

1. Trump attends opening of his New York fraud trial

Former President Donald Trump on Monday attended the opening day of his New York fraud trial. State Attorney General Letitia James sued Trump, his company and top executives, including his two adult sons, accusing them of lying about his net worth and property values to get favorable loans and insurance. Judge Arthur Engoron, adjudicating the case without a jury, has already ruled that Trump committed fraud. The trial could result in Trump's loss of control over key properties, including Trump Tower. Trump said the trial was a "sham" designed to "hurt me in an election." Prosecutors told the court that Trump and the Trump Organization "were lying year after year after year" and that Trump reaped $100 million from fraud. The Associated Press

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.