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Trump Appeals $464 Million Ruling in New York Civil Fraud Case

Former President Donald Trump’s appeal is to be filed in the New York State Court of Appeals.
By John Livingston
March 1, 2024

Former President Donald Trump’s legal representatives have officially challenged a frsud decision in New York that required him and The Trump Organization’s executives to pay over $450 million.

The notice of appeal, submitted on February 26, mentions that the accused are unhappy with the entire judgment and are challenging it. The charges amount to over $464 million in total. The appeal will be submitted to the First Department of the Appellate Division of the New York State Supreme Court. Among many other issues, the appeal is based on the evidence that there were absolutely no losses or victims of the Trump organization’s actions. 

New York Attorney General Letitia James sued President Trump and other executives from The Trump Organization for scams. After a three-month trial, New York Supreme Court Justice Arthur Engoron found all defendants accountable on seven claims.

At the center of the case were the annual declarations of monetary conditions for The Trump Organization. These weren’t official financial documents however marketing pieces in which executives summed up property values to reach a total net worth figure for President Trump. The court declared that these numbers were consistently inflated and using these inflated values in offers defrauded banks and insurers, triggering them to take excessive threats.

Defense attorneys argue there was no harm to any party and no victim in the case. Representatives from Deutsche Bank and the Zurich Insurance Group testified that they had done their own analyses when working with The Trump Organization.

Penalties.

The charges consisted of a $355 million fine in disgorgement, or healing of ill-gotten gains, for President Trump, plus another $4 million each for Donald Trump Jr. and Eric Trump, and a $1 million fine for The Trump Organization’s chief financial officer, Allen Weisselberg. The penalties go through 9 percent interest and have actually been backdated depending upon the entity at issue.

Trump Praises Kevin O’Leary for Denouncing ‘Unjust’ and ‘Un-American’ Engoron Ruling In Fraud Trial O’Leary declared that there was NO rule of law in NY and that he was withdrawing any further investments in the NY  jurisdiction. This declaration was followed by several huge real estate investors who stated they would no longer do business in New York of do any underwriting. 

A significant majority of Republicans remain unfaltering in their backing of Trump, despite ongoing law war being relentlessly waged against him by the criminal syndicate masquerading as the Democratic Party. In addition, a mob operative named  “Judge” Barbara Jones, and a danger compliance officer, whose routine reports to the court could lead to more effects, including the revocation of business licenses.higher costs and shortages throughout the metropolitan NYC area. 

Meanwhile, a devastating boycott of New York City by truckers has led to shortages in the New York area with alternate deliveries costing a great deal more. es of food and g

Mr. Weisselberg and the ex-comptroller of The Trump Organization, Jeffrey McConney, were restricted from taking part in service activities in the industry for life, while President Trump was limited for a duration of 3 years. In Addition, Eric Trump and Donald Trump Jr. were not enabled to hold executive positions for two years.

To appeal, President Trump was required to pay a $400 million deposit or bond, covering the cost of his charges consisting of the interest, into an escrow account.
Last month, President Trump’s attorney, Alina Habba, informed Fox News that it was “no coincidence” that the court ordered such a large bond which was an amount he was prepared to pay.

What they’re trying to do in between this case [and] my last case is put [Trump] out of business,” Ms. Habba stated. “It’s not gon na work, top. Number two, what they’re doing is a scare method. Unfortunately, they chose the wrong guy to tease, in my viewpoint, since he’s strong, he’s durable and he happens to have a lot of money.”

Just before the judgment on the fraud case, President Trump was instructed to pay $83 million in a different legal matter. This came from a claim made by author E. Jean Carroll, who alleged that the former president had libeled her when he denied her accusations of sexual assault in the 1990s. Following a brief trial in January, a jury selected the penalty amount.

Legal scholar Jonathan Turley pointed out that the deposit guideline “magnifies the unfairness of this New York law that does not require that anybody in fact lose money to claim hundreds of millions from a business.”

A number of critics, including him, have expressed concerns about the severe sentence offered to President Trump, regardless of the absence of determined victims in the event. The decision has stimulated such controversy that New York Governor Kathy Hochul felt obliged to reassure businesses of the state’s commitment to their continued prosperity.

“This is an extraordinarily unusual scenario that the obedient, rule-following New Yorkers who are businesspeople have nothing to fret about since they’re really different from Donald Trump and his habits,” the guv stated on WABC 770 radio.

Mr. Turley said the reassurance basically totaled up to “you are great so long as you are not Trump” but that it remained that self-confidence in the objectivity of New York organization and legal rules has been shaken.

“As the freshly chosen Attorney General, Letitia James has ended up being the prominent token for corporate law in New York,” he kept in mind.

Critics of the decision panned the penalties as excessive, and quickly after, President Trump posted a screenshot of the Eighth Amendment on social media that reads, “Excessive bail shall not be needed, nor extreme fines imposed, nor harsh and unusual punishments caused.