NY Appealing Dismissal of Trump’s $464 Million Fraud Penalty
Donald Trump and his lawyers attend the Trump Organization civil fraud trial at New York State Supreme Court in New York.
Photographer: Shannon Stapleton/Getty ImagesNew York Attorney General Letitia James is asking the state’s highest court to reinstate a nearly half-billion dollar fraud penalty against President Donald Trump and his company in a civil fraud lawsuit after an intermediate appeals court tossed out the massive fine.
James filed a notice appeal on Thursday indicating she’ll take the case to the New York Court of Appeals in Albany. A five-judge panel last month vacated the $464 million penalty, saying it was excessive, even as it upheld a finding that Trump was liable for inflating the value of his real estate assets for years to get better terms on loans.