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LetMyPeopleVote

(168,872 posts)

1. Trump $464 Million NY Civil Fraud Penalty Vacated on Appeal

Reply to BumRushDaShow (Original post)

Thu Aug 21, 2025, 11:02 AM

Aug 21

Link to tweet

https://news.bloomberglaw.com/us-law-week/trump-464-million-ny-civil-fraud-penalty-vacated-on-appeal

A New York appeals court struck down a $464 million fraud penalty against President Donald Trump and his company in a civil suit over his asset valuations, but upheld his liability in the case, handing him a financial victory over the state’s attorney general.

The decision Thursday vacates a massive penalty from February 2024 by a Manhattan judge who found Trump illegally enriched himself for a decade by inflating the value of his assets on financial documents to get better terms on loans. The appeals court found the penalty “excessive” but maintained that Trump broke the law.

The long-awaited ruling by an intermediate state appeals court wipes out one of Trump’s biggest financial liabilities. It also puts fresh legal pressure on New York Attorney General Letitia James, who has become the focus of a federal probe into whether her lawsuit violated Trump’s legal rights.

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Highlight:

Trump half-billion-dollar civil fraud penalty thrown out by appeals court [View all] BumRushDaShow Aug 21 OP

Trump $464 Million NY Civil Fraud Penalty Vacated on Appeal LetMyPeopleVote Aug 21 #1

Well, I'd have bet half a billion that this was inevitable Orrex Aug 21 #2

Why wouldn't the judge just reduce the judgement, Bayard Aug 21 #3

Because we are now a colony of Russian. orangecrush Aug 21 #4

Because they couldn't get a majority to agree on an amount FBaggins Aug 21 #5

WTF makes these judges more expert on what's "unconstitutionally excessive" than the AG and her team?! ancianita Aug 21 #7

I put the link to the ruling in the OP comments BumRushDaShow Aug 21 #9

Thanks. Forgot to look. ancianita Aug 21 #12

I get the frustration... but the answer is "almost everything" FBaggins Aug 21 #11

Thank you RoseTrellis Aug 21 #13

Justice ?? chuckle chuckle republianmushroom Aug 21 #6

He's still liberalgunwilltravel Aug 21 #8

THERE IS NO JUSTICE IN THIS COUNTRY IF YOU ARE EXTREMELY WEALTHY OR HAVE A LOT OF POWER!!!! sdfernando Aug 21 #10

You're so right about that Fernando. Justice, and the entire system, is rigged for the wealthy. BComplex Aug 21 #15

Ever notice that only the creeps and criminals in the US get all the breaks? Bev54 Aug 21 #14

i am gonna declare all my property is worth $1 pimpbot Aug 21 #16

Not all is lost, yet (?) BaronChocula Aug 21 #17

Statement from AG James LetMyPeopleVote Aug 21 #18

How many appeals to the appeals of the appeals of the other appeals... Justice matters. Aug 21 #19

The fraud finding was upheld, it is just the amount that is in question. mackdaddy Aug 22 #20

Deadline: Legal Blog-The Trump civil fraud case is a mess. Another round of appeal could clean it up. LetMyPeopleVote Aug 22 #21

The judicial system working as planned. n/t TheFourthMind Aug 22 #22