📝 usncan Note: Trump’s $450 Million Civil Fraud Judgment Overturned By Appeals Court
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Topline
President Donald Trump is no longer liable for the more than $450 million he had been ordered to pay in the civil fraud case against him and his business associates, as a New York appeals court ruled Thursday that the nine-figure judgment for misstating the value of his assets was “excessive”—though it still agreed with the ruling finding him liable for fraud.
Former President Donald Trump appears in the courtroom for the third day of his civil fraud trial at New York State Supreme Court on October 4, 2023 in New York City.
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Key Facts
A panel of New York appeals judges ruled in favor of lower court Judge Arthur Engoron’s ruling that Trump and his business associates fraudulently inflated the value of assets in order to obtain better business deals and reflect a higher net worth for Trump, but struck down the massive fine levied as part of Engoron’s judgment.
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