Trump appeals civil fraud judgment against his company in New York case

  • 📰 NBCNewsHealth
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

News News

Canada Canada Latest News,Canada Canada Headlines

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 Donald Trump on Monday appealed a civil fraud judgment from February that found the former president and his company liable for business fraud. The 95-page appeal, filed in the New York Supreme Court Appellate Division, accuses state Attorney General Letitia James of an “unauthorized, unprecedented power-grab” and says several loans cited by prosecutors should not have been considered in the case.

Every loan payment was made on time, and all the loans were repaid in full—some before they came due,' Trump's lawyers wrote. Trump’s lawyers further argued that under a proper application of the statute of limitations, seven of the 10 loan transactions should not have been allowed in the case, because the closing dates for those deals were too old.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 707. in CA

Canada Canada Latest News, Canada Canada Headlines