Trump half-billion dollar civil penalty thrown out by appeals court

volsrocks

volsrocks

Verified User
A New York state appeals court voided a more than $500 million civil fraud penalty imposed on President Donald Trump.


Manhattan Supreme Court Judge Arthur Engoron in February 2024 ordered Trump to pay around $454 million in total penalties after holding him liable for business fraud.

“Total victory in the sham NY Attorney General case!!! After 5 years of hell, justice prevailed!” wrote Eric Trump, who, with his brother Donald Trump Jr., operates the Trump Organization.




So up your ass Judge Engoron ...Trump wins again
 
volsrocks said:
A New York state appeals court voided a more than $500 million civil fraud penalty imposed on President Donald Trump.


Manhattan Supreme Court Judge Arthur Engoron in February 2024 ordered Trump to pay around $454 million in total penalties after holding him liable for business fraud.

“Total victory in the sham NY Attorney General case!!! After 5 years of hell, justice prevailed!” wrote Eric Trump, who, with his brother Donald Trump Jr., operates the Trump Organization.




So up your ass Judge Engoron ...Trump wins again
Click to expand...
Appeals court upholds ruling that Trump committed fraud!
But allows him to keep his ill gotten gains.



In this appeal, we have before us an actual record which demonstrates clearly
that defendants committed fraud and illegality squarely within the ambit of Executive
Law § 63(12).
[snip]
In any event, even if we were to apply the clear and convincing burden of proof,
we would find that the evidence presented by the Attorney General on summary
judgment and at trial amply satisfies that standard.
[snip]
The Attorney General established, prima facie, that the fraudulent SFCs had the
capacity and tendency to deceive a sophisticated party (i.e., a sophisticated bank).21 The
SFCs had this deceptive quality because the inflated estimated current values were
calculated based on undisclosed false facts and fallacious assumptions known to the
Trump Organization but kept from its counterparties.
 
Poor Richard Saunders said:
Appeals court upholds ruling that Trump committed fraud!
But allows him to keep his ill gotten gains.



In this appeal, we have before us an actual record which demonstrates clearly
that defendants committed fraud and illegality squarely within the ambit of Executive
Law § 63(12).
[snip]
In any event, even if we were to apply the clear and convincing burden of proof,
we would find that the evidence presented by the Attorney General on summary
judgment and at trial amply satisfies that standard.
[snip]
The Attorney General established, prima facie, that the fraudulent SFCs had the
capacity and tendency to deceive a sophisticated party (i.e., a sophisticated bank).21 The
SFCs had this deceptive quality because the inflated estimated current values were
calculated based on undisclosed false facts and fallacious assumptions known to the
Trump Organization but kept from its counterparties.
Click to expand...
Trump can continue his appeals on the fraud ruling.
 
"Eric Trump, the president’s son, and one of the defendants in the lawsuit, reacted to the decision in a social media post.

“Total victory in the sham NY Attorney General case!!! After 5 years of hell, justice prevailed!” wrote Eric Trump, who, with his brother Donald Trump Jr., operates the Trump Organization.

In a concurring opinion with the decision, Appellate Division Judge Peter Moulton wrote that James “did not carry her initial burden” of establishing the rough total of the profits “causally connected” to the defendants’ violations.

“Indeed, the calculation of the disgorgement in this case was far from a reasonable approximation,” Moulton wrote.
From the link


Perhaps President Trump can sit in at Jame's trial.
 
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