Source link : https://las-vegas.news/trumps-civil-fraud-penalty-scrapped-5-takeaways/
A half-billion-dollar judgment against President Trump and his business empire was thrown out by a divided appeals court Thursday, though the fraud case against him was left intact.
It’s a stunning turn in the battle between the president and New York Attorney General Letitia James (D), who accused the real estate mogul of inflating his net worth for tax and insurance benefits in a 2022 lawsuit that threatened his billionaire status and company.
Here are five takeaways from the pivotal decision.
‘Excessive’ fine gone; other penalties remain
Though the judges were deeply split otherwise, they agreed that the financial penalty imposed on the Trump Organization by the trial court was unlawfully excessive.
Judge Arthur Engoron had ordered the defendants — Trump, his eldest sons and top executives — to pay $464 million, plus interest, the bulk of which Trump bears. The total had climbed to more than $527 million, including interest, as of Thursday.
The wiped-away financial penalty is an undeniable victory for Trump. But the ruling is not a complete success for his business.
On top of the fine, Engoron barred Trump from serving in top roles at any New York company for three years and his sons, Donald Trump Jr. and Eric Trump, for two years. He also installed an independent monitor at the Trump Organization to keep watch over its business practices, which was allowed to go into effect as the appeal moved forward.
The appeals panel gave those penalties the…
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Author : LasVegasNews
Publish date : 2025-08-21 22:06:00
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