NBC News reports:
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.” Judge Arthur Engoron 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.
Read the full article.
Donald Trump appeals his $454 million New York civil fraud case https://t.co/xwcwaCUFNI
— ABC7 Eyewitness News (@ABC7) July 23, 2024