New York state attorneys have urged an appeals court to uphold a $500 million civil fraud judgment against Donald Trump, arguing that there is overwhelming evidence that he inflated his wealth to secure loans and profits. The appeal, which Trump has called “erroneous,” seeks to overturn a February ruling that found him guilty of extensive fraud. If the judgment is upheld, it could significantly impact Trump's personal wealth and his business operations. Oral arguments are scheduled for September, with a decision potentially arriving before the presidential election concludes.
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00:00It's Benzinga, and here's what's on the block.
00:02New York state attorneys have urged an appeals court to uphold a $500 million civil fraud
00:07judgment against Donald Trump, arguing that there is overwhelming evidence that he inflated
00:12his wealth to secure loans and profits.
00:14The appeal, which Trump has called erroneous, seeks to overturn a February ruling that found
00:19him guilty of extensive fraud.
00:21If the judgment is upheld, it could significantly impact Trump's personal wealth and his business
00:26operations.
00:27Oral arguments are scheduled for September, with a decision potentially arriving before
00:31the presidential election concludes.
00:33For all things money, visit Benzinga.com.