#civil-fraud

#civil-fraud

Donald Trump scored another judicial victory Thursday when a New York appeals court overturned the ruling that required the U.S. president and his family to pay $454 million in a civil fraud case. Judge Arthur Engoron had determined that the Republican magnate had fraudulently exaggerated the value of his properties and other assets to bolster his family business. The announcement of the ruling in February 2024, in addition to imposing the fine, had limited the Trump Organization's ability to borrow money.

A New York appeals court on Thursday threw out President Donald Trump's massive civil fraud penalty while upholding a judge's finding that he exaggerated his wealth for decades. The ruling spares Trump from a potential half-billion-dollar fine but bans him and his two eldest sons from serving in corporate leadership for a few years. The decision came seven months after the Republican returned to the White House.

A New York appellate court has tossed a massive civil fraud penalty against President Donald Trump and the Trump Organization, granting a significant legal win to the president. After a three-month bench trial, a Manhattan judge last year ordered the Trump Organization, Trump, and a group of other executives to pay $454 million. Trump had been ordered to forfeit the vast sum after a trial that revealed his decadelong pattern of lying to banks about his worth.