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Ex-UNC hoops player on trial in fraud

Courtney Dupree, a former University of North Carolina basketball player who hosted a pricey 2008 fundraiser for the Obama campaign, defrauded a bank out of $18 million by cooking the books at his Long Island City lighting supply company, prosecutors said in opening statements Tuesday in federal court in Brooklyn.

Dupree, 42, of Manhattan, and co-defendant Thomas Foley, 43, a lawyer, are charged...

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