Donald Trump Appeals $450 Million Fraud Judgment in New York. Lawyers for the Former President Call the Judgment 'Draconian.'
Donald Trump and his lawyers filed an appeal on Monday to overturn a fraud judgment against him in New York, amounting to just under half a billion dollars. In February, Judge Arthur Engoron found that Trump and his company committed fraud by inflating his assets on financial statements.
Category
🗞
NewsTranscript
00:00It's Benzinga, and here's what's on the block.
00:02Donald Trump and his lawyers filed an appeal on Monday to overturn a fraud judgment against
00:07him in New York, amounting to just under half a billion dollars.
00:11In February, Judge Arthur Engeron found that Trump and his company committed fraud by inflating
00:15his assets on financial statements.
00:18Engeron ruled that Trump must pay over $350 million that was obtained through ill-gotten
00:22gains plus $100 million in interest.
00:26Trump's lawyers argue that the case violates centuries of New York case law and that the
00:29judgment is draconian.
00:31They claim the New York Attorney General lacked authority to bring the lawsuit and that there
00:35was no victims or losses from the deals in question.
00:38For all things money, visit Benzinga.com.