Trump Appeals $454M Fraud Judgment, Claims 'Miscarriage of Justice'

July 24, 2024
Trump Appeals $454M Fraud Judgment, Claims 'Miscarriage of Justice'
  • New York Attorney General Letitia James accuses Trump of engaging in deceptive business practices and fraud, emphasizing the ruling's importance in safeguarding the marketplace's integrity.

  • Trump's attorney demands a complete reversal of the judgment, labeling it an 'outrageous miscarriage of justice' that necessitates restoring public faith in the New York judicial system.

  • Former President Donald Trump is appealing a $454 million civil fraud judgment against him and his company.

  • The civil fraud case accuses Trump of inflating his wealth to secure loans and deals, resulting in a substantial penalty and business restrictions.

  • Manhattan Judge Arthur Engoron ordered Trump and his company to pay a $464 million penalty in the civil business fraud trial.

  • The fraud ruling was based on allegations of Trump inflating his net worth to gain financial advantages.

  • Trump, the Republican nominee for president, denies any wrongdoing and criticizes the case and judgment.

  • Trump's lawyers seek to overturn the $454 million civil fraud judgment against him, arguing errors in the ruling.

  • Trump's attorneys claim the case lacks victims, proven injuries, or losses justifying the hefty monetary penalty.

  • Trump's legal team argues that seven of the ten loan transactions in the case should have been dismissed based on the statute of limitations, potentially reducing the judgment by over $350 million.

  • If Trump loses the appeal, he faces paying the full $454 million, risking seizure of his real estate portfolio by New York Attorney General Letitia James.

  • The appeal process includes upcoming oral arguments in September, with uncertainty on the ruling's timing before the November election.

Summary based on 7 sources


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