One down, three to go. Sanity returns to the legal system.
Meanwhile, the lowlife who imposed it, is likely on the way to a felony indictment, for ACTUAL mortgage fraud.
Hilariously ironic....
An appellate court has thrown out the $500 million civil fraud penalty against President Donald Trump in the high-profile case brought by New York Attorney General Letitia James.
The New York Appellate Division overturned the penalty, ruling the disgorgement was an excessive fine that violates the Eighth Amendment.
The five-member panel all upheld findings that Trump and his company were liable, affirming that James acted within her authority and that injunctive relief to curb Trump Organization practices was appropriate.
The ruling leaves liability intact but eliminates the massive financial penalty of $364 million plus interest, which rises to around $500 million.
Trump took to Truth Social to declare a "total victory" and rail against James and the original trial judge, Arthur Engoron.
"TOTAL VICTORY in the FAKE New York State Attorney General Letitia James Case!" Trump wrote.
"I greatly respect the fact that the Court had the Courage to throw out this unlawful and disgraceful Decision that was hurting Business all throughout New York State. Others were afraid to do business there. The amount, including Interest and Penalties, was over $550 Million Dollars. It was a Political Witch Hunt, in a business sense, the likes of which no one has ever seen before."
www.foxnews.com
Meanwhile, the lowlife who imposed it, is likely on the way to a felony indictment, for ACTUAL mortgage fraud.
Hilariously ironic....
NY appeals court throws out $500M penalty against Trump in Letitia James civil case
The court ruled the disgorgement was an excessive fine that violates the Eighth Amendment
An appellate court has thrown out the $500 million civil fraud penalty against President Donald Trump in the high-profile case brought by New York Attorney General Letitia James.
The New York Appellate Division overturned the penalty, ruling the disgorgement was an excessive fine that violates the Eighth Amendment.
The five-member panel all upheld findings that Trump and his company were liable, affirming that James acted within her authority and that injunctive relief to curb Trump Organization practices was appropriate.
The ruling leaves liability intact but eliminates the massive financial penalty of $364 million plus interest, which rises to around $500 million.
Trump took to Truth Social to declare a "total victory" and rail against James and the original trial judge, Arthur Engoron.
"TOTAL VICTORY in the FAKE New York State Attorney General Letitia James Case!" Trump wrote.
"I greatly respect the fact that the Court had the Courage to throw out this unlawful and disgraceful Decision that was hurting Business all throughout New York State. Others were afraid to do business there. The amount, including Interest and Penalties, was over $550 Million Dollars. It was a Political Witch Hunt, in a business sense, the likes of which no one has ever seen before."
NY appeals court throws out $500M penalty against Trump in Letitia James civil case
An appellate court has thrown out the nearly $500 million civil fraud penalty against former President Donald Trump in the high-profile case brought by New York Attorney General Letitia James.
www.foxnews.com
