Appeals Court Tosses Trump’s Half-Billion-Dollar Fraud Penalty
The New York Supreme Court’s Appellate Division upheld the ruling that Donald Trump and others committed business fraud by inflating the value of real estate assets. While the court upheld non-monetary sanctions, it voided the $464 million fine imposed on the defendants, stating that the calculation of the disgorgement was not a reasonable approximation. The decision, delivered by a five-judge panel, prompted a mixed response, with one judge dissenting and the Attorney General planning to appeal the fine ruling to the state’s highest court. Trump and his son, Eric Trump, celebrated the partial victory on social media.
John Q. Hosedrinker