Home » World » Trump’s $500 Million Civil Fraud Penalty Tossed by NY Appeals Court

Trump’s $500 Million Civil Fraud Penalty Tossed by NY Appeals Court

by Priya Shah – Business Editor

Here’s a breakdown of the provided text, summarizing‍ the key facts:

Key Points:

Appellate Court Ruling: A New York appellate ‍court has overturned a‌ lower court ‍ruling​ that found Donald Trump and his company liable for ‌fraud. Two judges agreed ⁤to join the majority decision ‍to ensure⁢ the case could ⁣be appealed to the state’s highest‍ court.
Trump’s ⁢reaction: Trump called the decision a “TOTAL VICTORY” and claimed the court had the “Courage”‌ to overturn an “unlawful and disgraceful Decision.”
The Lawsuit: New York Attorney ‍General Letitia James alleged that⁤ Trump, his‌ sons, and former CFO⁣ Allen ⁣Weisselberg inflated the value ‌of Trump Organization properties to secure favorable loan terms.
previous Ruling: A lower court judge, Arthur⁤ Engoron, had already ‌found the Trumps⁣ liable ⁤on some counts before the ⁢full trial.
the Trial: The trial itself (October 2023 – January 2024) ​was⁣ unusual,⁢ lacking a​ jury⁤ and featuring moments of levity and unusual behavior from those ‍involved (Trump Jr.’s jokes, a ⁣courtroom artist request,⁢ an arrest).
No Comment from AG: representatives for the New York Attorney General’s ⁣office‌ have not yet commented on the ruling.

In essence, the case isn’t over. The ⁣ruling‌ allows Trump to ​appeal to the highest court in New ⁣York State.

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