"Trump and Associates Appeal $454 Million Civil Fraud Judgment in New York"

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Source: Reuters
"Trump and Associates Appeal $454 Million Civil Fraud Judgment in New York"
Photo: Reuters
TL;DR Summary

Donald Trump has appealed a judge's ruling that he must pay $454 million in penalties and interest for fraudulently exaggerating his net worth and property values to secure better loan terms. The ruling, part of a civil fraud lawsuit brought by New York Attorney General Letitia James, also limits Trump's ability to do business in New York state. Trump denies wrongdoing and has accused James and the judge of political bias. The appeals court could potentially put the ruling on hold during an appeals process that may last a year or longer. This case is one of several legal troubles Trump faces, including criminal charges in four separate cases, though none have diminished his lead in the race for the Republican nomination.

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