Trump’s NY Civil Fraud Fine of $500 Million Thrown Out by Appeals Court
The New York Appellate Division in Manhattan had previously been skeptical of the case brought by New York AG Letitia James and the ruling by Manhattan Supreme Court Justice Arthur Engoron. There were no victims in the case.
Engoron levied a $464 million judgment against President Trump and his companies. With interest accruing, the end result was a ridiculous fine in excess of $500 million and the removal of Eric Trump and Donald Trump Jr from the company.
The appeals court in Manhattan has thrown out the $500 million punitive award, and suspended Engoron’s ruling that blocked Eric and Don Jr from the company.
NEW YORK (Reuters) – A New York state appeals court threw out on Thursday an approximately half-billion dollar penalty that Donald Trump had been ordered to pay after a judge found that the U.S. president fraudulently overstated the value of his properties and other assets to bolster his family business.
The decision by a five-judge panel of the Appellate Division in Manhattan represented a defeat for New York Attorney General Letitia James, whose office brought the civil fraud lawsuit against Trump in 2022.
Judges on the appellate court had signaled skepticism toward the case during oral arguments last September. (more)
As we noted in October of 2023. There are no elements to this farce of a judicial proceeding which will survive appellate court review. The entire motive and process is easily identified by any intellectually honest person as a complete sham and legal clown show, intended to advance extreme ideological Lawfare.
All the banks and lenders did their own due diligence on financing terms with Donald Trump. All operational loans and Trump Org. business loans were paid back. There were no defaults or banking interests adversely impacted. There are no victims of what the State called “fraud.”
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