Trump Challenges $454M Fraud Judgment Amidst Presidential Bid

February 26, 2024
Trump Challenges $454M Fraud Judgment Amidst Presidential Bid
  • Former President Donald Trump and his adult sons are appealing a $454 million civil fraud judgment in New York.

  • The appeal challenges the judge's ruling that Trump inflated his assets to secure loans and contracts.

  • The original ruling found Trump and his company guilty of deceiving banks and insurers by overstating wealth.

  • The judgment includes a three-year restriction on Trump's business activities in New York.

  • It is unclear if Trump will seek to suspend the judgment while the appeal is in process.

  • If the ruling stands, Trump may lose a significant portion of his wealth, with fines increasing over time.

  • Trump's appeal comes amid ongoing legal challenges and his campaign for the 2024 Republican presidential nomination.

Summary based on 23 sources


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