Appeals Court Overturns Trump’s Nearly $500 Million Civil Fraud Penalty
TL;DR Summary
A New York appeals court has overturned a $500 million civil fraud penalty against Donald Trump and his company, ruling that the fine was an excessive punishment violating the Eighth Amendment, while maintaining other non-monetary penalties. The case, initiated by NY Attorney General Letitia James, involved allegations of overvaluing assets and business fraud, but the court found the monetary penalty to be disproportionate and subject to appeal.
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