Trump appeals civil fraud judgment against his company in New York case
Lawyers for Donald Trump on Monday appealed a civil fraud judgment from February that found the former president and his company liable for business fraud.
Lawyers for Donald Trump on Monday appealed a civil fraud judgment from February that found the former president and his company liable for business fraud.
The 95-page appeal, filed in the New York Supreme Court Appellate Division, accuses state Attorney General Letitia James of an “unauthorized, unprecedented power-grab” and says several loans cited by prosecutors should not have been considered in the case.
It also argues that James “seeks to unwind and penalize complex, highly successful transactions between Appellants and sophisticated Wall Street banks that left all parties deeply satisfied and had no impact on the public interest."
Manhattan Judge Arthur Engoron oversaw the civil business fraud trial and ordered Trump and the Trump Organization to pay a $354 million penalty. The judgment, which was at $464 million as of late February, continues to accrue interest.
He also barred Trump from running any New York company for three years and prohibited his sons Donald Jr. and Eric from running any business in New York for two years.
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