Please ensure Javascript is enabled for purposes of website accessibility
Donald Trump Appeals $454 Million Judgment in New York Civil Fraud Case
gvw_ap_news
By Associated Press
Published 1 year ago on
February 26, 2024

Share

Getting your Trinity Audio player ready...

Trump appeals $454 million fine for deceptive business practices.

Legal battle to persist into presidential primary season.

Trump faces multiple legal challenges, including criminal charges.


NEW YORK — Donald Trump has appealed his $454 million New York civil fraud judgment, challenging a judge’s finding that he lied about his wealth as he grew the real estate empire that launched him to stardom and the presidency.

The former president’s lawyers filed notices of appeal Monday asking the state’s mid-level appeals court to overturn Judge Arthur Engoron’s Feb. 16 verdict in Attorney General Letitia James’ lawsuit and reverse staggering penalties that threaten to wipe out Trump’s cash reserves.

Trump’s lawyers wrote in court papers that they’re asking the appeals court to decide whether Engoron “committed errors of law and/or fact” and whether he abused his discretion or “acted in excess” of his jurisdiction.

Trump’s appeal won’t automatically halt enforcement of the judgment.

The Republican presidential front-runner has until March 25 to secure what’s known as a stay, a legal mechanism pausing collection while he appeals. Trump would receive an automatic stay if he puts up money, assets or an appeal bond covering what he owes. Trump’s lawyers could also ask the appeals court to grant a stay without obtaining a bond or with a bond for a lower amount.

Response from Trump’s Lawyers

Trump’s lawyers did not immediately respond to a reporter’s questions Monday asking if he had posted an appeal bond or if he was in the process of securing one.

In a statement issued through a spokesperson, Trump lawyer Alina Habba addressed only the appeal itself, saying: “We trust that the Appellate Division will overturn this egregious fine and take the necessary steps to restore the public faith in New York’s legal system.”

Messages seeking comment were left with the New York attorney general’s office and a spokesperson for the state’s court system.

Implications of the Judgment

Engoron found that Trump, his company and top executives, including his sons Eric and Donald Trump Jr., schemed for years to deceive banks and insurers by inflating his wealth on financial statements used to secure loans and make deals. Among other penalties, the judge put strict limitations on the ability of Trump’s company, the Trump Organization, to do business.

The appeal ensures that the legal fight over Trump’s business practices will persist into the thick of the presidential primary season, and likely beyond, as he tries to clinch the Republican presidential nomination in his quest to retake the White House.

If upheld, Engoron’s ruling will force Trump to give up a sizable chunk of his fortune. Engoron ordered Trump to pay $355 million in penalties, but with interest the total has grown to nearly $454 million. That total will increase by nearly $112,000 per day until he pays.

Trump’s Financial Status

Trump maintains that he is worth several billion dollars and testified last year that he had about $400 million in cash, in addition to properties and other investments. James, a Democrat, told ABC News that if Trump is unable to pay, she will seek to seize some of his assets.

Trump’s appeal was expected. Trump had vowed to appeal and his lawyers had been laying groundwork for months by objecting frequently to Engoron’s handling of the trial.

Trump said Engoron’s decision, the costliest consequence of his recent legal troubles, was “election interference” and “weaponization against a political opponent.” Trump complained he was being punished for “having built a perfect company, great cash, great buildings, great everything.”

Trump’s lawyer Christopher Kise said after the verdict that the former president was confident the appeals court “will ultimately correct the innumerable and catastrophic errors made by a trial court untethered to the law or to reality.”

If the decision stands, Habba said, “it will serve as a signal to every single American that New York is no longer open for business.”

Next Steps in the Legal Process

Trump wasn’t able to appeal the decision immediately because the clerk’s office at Engoron’s courthouse had to file paperwork known as a judgment to make it official. That was done on Friday, starting a 30-day window for Trump to pay up or file an appeal and seek a stay.

If Trump were to pay the penalty at this stage instead of obtaining a stay, the money would be held in a court escrow account while the appeal plays out. If the court overturns the verdict, the money would be returned to Trump.

During the trial, Trump’s lawyers accused Engoron of “tangible and overwhelming” bias. They’ve also objected to the legal mechanics of James’ lawsuit. Trump contends the law she sued him under is a consumer-protection statute that’s normally used to rein in businesses that rip off customers.

Trump’s lawyers have already gone to the Appellate Division at least 10 times to challenge Engoron’s prior rulings, including during the trial in an unsuccessful bid to reverse a gag order and $15,000 in fines for violations after Trump made a disparaging and false social media post about a key court staffer.

Trump’s lawyers have long argued that some of the allegations are barred by the statute of limitations, contending that Engoron failed to comply with an Appellate Division ruling last year that he narrow the scope of the trial to weed out outdated allegations.

The Appellate Division could either uphold Engoron’s verdict, reduce or modify the penalty or overturn the decision entirely. If Trump is unsuccessful at the Appellate Division, he can ask the state’s highest court, the Court of Appeals, to consider taking his case.

Other Legal Challenges

The appeal is one of Trump’s many legal challenges. He has been indicted on criminal charges four times in the last year. He is accused in Georgia and Washington, D.C., of plotting to overturn his 2020 election loss to Democrat Joe Biden. In Florida, he is charged with hoarding classified documents.

He is scheduled to go on trial March 25 in Manhattan for falsifying business records related to hush money paid to porn actor Stormy Daniels on his behalf.

In January, a jury ordered Trump to pay $83.3 million to writer E. Jean Carroll for defaming her after she accused him in 2019 of sexually assaulting her in a Manhattan department store in the 1990s. That’s on top of the $5 million a jury awarded Carroll in a related trial last year.

RELATED TOPICS:

DON'T MISS

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

DON'T MISS

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

DON'T MISS

US Urges China to Dissuade Iran From Closing Strait of Hormuz

DON'T MISS

Fresno County Supervisors to Vote on Dog Breeding Ordinance

DON'T MISS

US House Speaker Johnson Says It Is Not Time to Consider War Powers Resolution

DON'T MISS

Oil Falls 6% as Iran Focuses Retaliation on US Military Base

DON'T MISS

World Central Kitchen Resumes Gaza Operations After Nearly 7-Week Pause

DON'T MISS

6 Dead After Boat Capsizes on Lake Tahoe

DON'T MISS

Americans Worry Conflict With Iran Could Escalate, Reuters/Ipsos Poll Finds

DON'T MISS

No Iranian Missiles Hit US Base in Qatar, U.S. Official Tells Reuters

DON'T MISS

Zelenskyy Arrives in UK After Russian Attack on Kyiv Kills at Least 8

DON'T MISS

Trump Slams Medvedev for Claiming Nations May Supply Iran With Nuclear Warheads

UP NEXT

Fresno County Supervisors to Vote on Dog Breeding Ordinance

UP NEXT

US House Speaker Johnson Says It Is Not Time to Consider War Powers Resolution

UP NEXT

Oil Falls 6% as Iran Focuses Retaliation on US Military Base

UP NEXT

World Central Kitchen Resumes Gaza Operations After Nearly 7-Week Pause

UP NEXT

6 Dead After Boat Capsizes on Lake Tahoe

UP NEXT

Americans Worry Conflict With Iran Could Escalate, Reuters/Ipsos Poll Finds

UP NEXT

No Iranian Missiles Hit US Base in Qatar, U.S. Official Tells Reuters

UP NEXT

Zelenskyy Arrives in UK After Russian Attack on Kyiv Kills at Least 8

UP NEXT

Trump Slams Medvedev for Claiming Nations May Supply Iran With Nuclear Warheads

UP NEXT

Iran Says It Fires Missiles at US Airbase in Qatar, Explosions Heard Over Doha

Oil Falls 6% as Iran Focuses Retaliation on US Military Base

42 minutes ago

World Central Kitchen Resumes Gaza Operations After Nearly 7-Week Pause

45 minutes ago

6 Dead After Boat Capsizes on Lake Tahoe

47 minutes ago

Americans Worry Conflict With Iran Could Escalate, Reuters/Ipsos Poll Finds

59 minutes ago

No Iranian Missiles Hit US Base in Qatar, U.S. Official Tells Reuters

1 hour ago

Zelenskyy Arrives in UK After Russian Attack on Kyiv Kills at Least 8

2 hours ago

Trump Slams Medvedev for Claiming Nations May Supply Iran With Nuclear Warheads

2 hours ago

Iran Says It Fires Missiles at US Airbase in Qatar, Explosions Heard Over Doha

2 hours ago

Putin Says US Strikes on Iran Are Pushing World to ‘Very Dangerous Line’

2 hours ago

Israel Signals Iran Campaign Can End Soon but Much Hinges on Tehran

2 hours ago

US Urges China to Dissuade Iran From Closing Strait of Hormuz

WASHINGTON – U.S. Secretary of State Marco Rubio on Sunday called on China to encourage Iran to not shut down the Strait of Hormuz aft...

4 minutes ago

Secretary of State Marco Rubio speaks at the American Compass fifth anniversary gala at the National Building Museum in Washington, D.C., U.S., June 3, 2025. (Reuters File)
4 minutes ago

US Urges China to Dissuade Iran From Closing Strait of Hormuz

20 minutes ago

Fresno County Supervisors to Vote on Dog Breeding Ordinance

House of Representatives Speaker Mike Johnson (R-LA) looks on, after President Donald Trump delivered remarks on tariffs, in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025. (Reuters File)
29 minutes ago

US House Speaker Johnson Says It Is Not Time to Consider War Powers Resolution

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. (Reuters File)
42 minutes ago

Oil Falls 6% as Iran Focuses Retaliation on US Military Base

45 minutes ago

World Central Kitchen Resumes Gaza Operations After Nearly 7-Week Pause

Lake Tahoe Capsized Boat
47 minutes ago

6 Dead After Boat Capsizes on Lake Tahoe

Iran's and U.S.' flags are seen printed on paper in this illustration taken January 27, 2022. (Reuters/Dado Ruvic/Illustration)
59 minutes ago

Americans Worry Conflict With Iran Could Escalate, Reuters/Ipsos Poll Finds

The S-200 missile system is displayed during the Iranian defence week, in a street in Tehran, Iran, September 24, 2024. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS/File Photo
1 hour ago

No Iranian Missiles Hit US Base in Qatar, U.S. Official Tells Reuters

Help continue the work that gets you the news that matters most.

Search

Send this to a friend