On February 26, 2024, Donald Trump and his legal team filed an appeal regarding the $364 million decision in the New York civil fraud case. The appeal seeks to overturn the decision, arguing that the ruling was based on a flawed and politically motivated investigation.
The case, which was led by New York State Attorney General Letitia James, involved allegations of fraudulent business practices and misrepresentation of the value of Trump’s assets. The lawsuit claimed that the Trump Organization, which includes various real estate holdings and other businesses, inflated the value of its assets in order to obtain loans and other financial benefits.
Trump’s legal team has consistently maintained that the investigation and subsequent lawsuit were politically motivated and that the findings were based on a flawed and biased process. They argue that the decision to award the $364 million in damages was not supported by the evidence presented in the case and that the process was tainted by political influence.
As the appeal moves forward, it remains to be seen how the legal system will respond to Trump’s claims and whether the decision will ultimately be overturned.
Former President Trump is challenging the $364 million fine a New York judge handed down for his company’s fraudulent business practices, multiple outlets reported.
Why it matters:ÂIn legal filings Monday, the former president formally signaled his intent to appeal New York Judge Arthur Engoron’s ruling, which will trigger a lengthy process that will likely delay its enforcement.
Catch up quick: In addition to the $364 million in penalties, Engoron also barred Trump from running a business as an officer or director in New York for three years.
- Trump told reporters at the time of the ruling that he’d appeal the decision, and “if we’re not successful, New York State is gone.”
Background: Engoron found Trump liable for financial fraud in September. The January trial was to determine what penalties the former president and his business empire would face.
- New York Attorney General Letitia James sought a $370 million penalty from Trump for allegedly committing decades of financial fraud.
- She also wanted to bar Trump and his two sons from being able to do business in New York ever again.
Zoom out: The case is just one of several that Trump is facing as he seeks to clinch the Republican presidential nomination.
Go deeper:ÂWhat Trump stands to lose in his New York civil fraud trial
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