Trump Challenges $454M Fraud Judgment Amidst Presidential Bid
February 26, 2024Former 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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Sources
The Guardian • Feb 26, 2024
Donald Trump appeals $454m ruling in New York civil fraud case – liveBBC News • Feb 26, 2024
Trump challenges $454m penalty in New York civil fraud case