Trump challenges $454m penalty in New York civil fraud case

Trump challenges $454m penalty in New York civil fraud case
Trump challenges $454m penalty in New York civil fraud case

We show you our most important and recent visitors news details challenges $454m penalty in New York civil fraud case in the following article

Hind Al Soulia - Riyadh - NEW YORK — Donald Trump is appealing against a New York judge's ruling that he must pay $454m (£360m) in penalties and interest in a civil fraud case.

This month's judgement was $355m, but the amount has soared with interest, which will keep accruing by at least $112,000 per day.

New York Attorney General Letitia James has said if Trump does not pay, she will seek to seize some of his assets.

He was found to have inflated property values to obtain better loan terms.

Judge Arthur Engoron also banned the former US president from doing business in the state for three years.

Monday's appeal from the Republican presidential frontrunner means yet another legal case of his will drag further into election season as he prepares for a likely rematch against Democratic President Joe Biden in November.

Trump had said all along he planned on appealing against the ruling, calling it a political witch hunt.

His lawyer, Alina Habba, said on Monday they hope the appeal court "will overturn this egregious fine and take the necessary steps to restore the public faith in New York's legal system".

In their court filing, the attorneys said they were asking the appeals court to decide whether Judge Engoron's court "committed errors of law and/or fact" and whether it "abused its discretion" or "acted in excess of its jurisdiction".

Trump's legal team has previously challenged rulings by the judge at least 10 times, including a gag order.

The former president's appeal is expected to focus on alleged bias from Judge Engoron, a Democrat.

Trump's lawyers also argue that he was wrongly sued under a consumer-protection statute typically used to rein in businesses that rip off customers.

The 43-day civil trial that began in October focused mostly on determining penalties against Trump since Judge Engoron had already ruled Trump liable for business fraud. — BBC

These were the details of the news Trump challenges $454m penalty in New York civil fraud case for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Saudi Gazette and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Major arrests at NYU campus as Gaza protests spread
NEXT Barrage of Russian attacks aims to cut Ukraine's lights

Author Information

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]