Trump's attorneys argue that his business partners were 'delighted' in new briefs filed in New York civil fraud appeal

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Manhattan Supreme Court Judge Arthur Engoron today ruled the former President must pay more than $350 in total penalties plus interest for fraudulently inflating his net worth. He also barred Mr. Trump from running a business in New York for three years, a stunning blow to his N.Y.C. real estate empire. NBC News' Laura Jarrett reports.

Lawyers for former president Donald Trump filed two briefs with the Appellate Division First Department in New York, arguing that the civil fraud case prosecuted against Trump earlier this year was flawed, that there were no victims and that the case had passed the statute of limitations. The two briefs, filed late Friday night, included many of the same arguments Trump's lawyers have made in the past in this case. “President Trump’s business partners were delighted with these transactions.

” As they forcefully did during the three-month trial, Robert and Habba disputed the court’s valuation of Mar-a-Lago at between $18 million and $27 million. The lawyers said the property is valued at over one billion dollars. They also said that the statements of financial condition that were at the center of state Attorney General Letitia James' case against Trump underestimated the values of President Trump’s assets, arguing that his net worth is far greater than the statements reflect.

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