{"id":7745,"date":"2024-09-27T11:03:08","date_gmt":"2024-09-27T15:03:08","guid":{"rendered":"https:\/\/greatamericanewsdesk.com\/?p=7745"},"modified":"2024-09-27T11:05:49","modified_gmt":"2024-09-27T15:05:49","slug":"new-york-appeals-court-poised-to-overturn-trumps-454-million-fine","status":"publish","type":"post","link":"https:\/\/greatamericanewsdesk.com\/featured\/new-york-appeals-court-poised-to-overturn-trumps-454-million-fine\/phouck\/2024\/09\/","title":{"rendered":"New York Appeals Court Poised To Overturn Trump’s $454 Million Fine"},"content":{"rendered":"\n

An appeals court in New York appears set to issue a favorable ruling for former President Donald Trump after the state’s Attorney General’s Office controversially applied an anti-fraud law to his real estate practices. The case resulted in a hefty $454 million fine, which now faces potential reduction or reversal.<\/p>\n\n\n\n

During Thursday’s hearing, justices from the New York Supreme Court expressed concern about the judgment, with one justice labeling the fine “troubling.”<\/p>\n\n\n\n

The New York Post reports<\/a>:<\/p>\n\n\n\n

\n

A panel of New York appeals court judges appeared skeptical about the gargantuan $454 million civil fraud judgment Donald Trump was dealt after he was\u00a0found liable for business fraud<\/a>\u00a0\u2014 with one jurist calling it \u201ctroubling.\u201d<\/p>\n\n\n\n

The former president is attempting to reverse or reduce the judgment of $354 million \u2014 plus an additional $100 million in interest \u2014 after a judge sided with New York Attorney General Letitia James, who argued in a lawsuit that Trump inflated his net worth by billions to get better loan and insurance terms.<\/p>\n\n\n\n

Trump\u2019s lawyers, who have called Judge Arthur Engoron\u2019s February ruling \u201cdraconian, unlawful, and unconstitutional,\u201d appeared before a five-judge panel of a Manhattan appeals court Thursday to plead their case.<\/p>\n<\/blockquote>\n\n\n\n

\"\"
Donald Trump via Gage Skidmore Flickr<\/figcaption><\/figure>\n\n\n\n
\n

Judge Peter Moulton questioned whether James\u2019 lawsuit turned into \u201csomething it was not meant to do.\u201d<\/p>\n<\/blockquote>\n\n\n\n

In a post-verdict interview, Attorney General Letitia James stated<\/a> that if Trump cannot pay the judgment, her office would pursue asset seizure, including Trump\u2019s iconic properties like the 40 Wall Street skyscraper. “We will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets,” she told ABC News.<\/p>\n\n\n\n

Fox News Legal Analyst Johnathan Turley criticized the ruling<\/a>, calling it “astronomical” and accusing James of engaging in “mob justice” by threatening Trump’s assets.<\/p>\n\n\n\n

James filed a civil fraud lawsuit against the former president and his three adult children in September 2022, on the heels of a years-long civil investigation into the Trump family\u2019s real estate business, the Trump Organization.<\/p>\n\n\n\n

The investigation centered on whether the former president\u2019s company misled investors and tax authorities by inflating property values to get investments and subsequently deflating them to get tax and loan benefits.<\/p>\n\n\n\n

Trump continues to deny any wrongdoing.<\/p>\n\n\n\n

READ NEXT: House Republicans Subpoena Dishonored Anti-Trump Prosecutor \u2013 They Never Expected This<\/a><\/strong><\/p>\n\n\n\n

Sponsored<\/p>Take Action Now: Support the Fight to Protect Wrongly Accused Officers!<\/a><\/span><\/strong><\/center><\/div>\n","protected":false},"excerpt":{"rendered":"

An appeals court in New York appears set to issue a favorable ruling for former President Donald Trump after the state’s Attorney General’s Office controversially applied an anti-fraud law to his real estate practices. The case resulted in a hefty $454 million fine, which now faces potential reduction or reversal. During Thursday’s hearing, justices from […]<\/p>\n","protected":false},"author":12,"featured_media":7746,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2,26,29],"tags":[995,8,120,84],"class_list":["post-7745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-news","category-politics","tag-business-fraud","tag-donald-trump","tag-letitia-james","tag-new-york"],"yoast_head":"\nNew York Appeals Court Poised To Overturn Trump's $454 Million Fine - Great America News Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/greatamericanewsdesk.com\/featured\/new-york-appeals-court-poised-to-overturn-trumps-454-million-fine\/phouck\/2024\/09\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New York Appeals Court Poised To Overturn Trump's $454 Million Fine - Great America News Desk\" \/>\n<meta property=\"og:description\" content=\"An appeals court in New York appears set to issue a favorable ruling for former President Donald Trump after the state’s Attorney General’s Office controversially applied an anti-fraud law to his real estate practices. 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