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Appeals Court Overturns $500 Million Fraud Penalty Against Trump. A New York appeals court has overturned a $500M civil fraud penalty against President Donald Trump. The case involved allegations that Trump inflated property values to obtain larger loans, boosting his wealth on paper. While the court confirmed Trump’s liability for fraud, it found the financial penalty to be excessive and likely unconstitutional. The original penalty, set at $355 million by Judge Arthur Engoron, had grown to over $500 million after interest. Other sanctions remain, including a three-year ban on Trump leading New York companies or obtaining loans in the state. Judges on the appeals court disagreed on the merits but unanimously chose to overturn the penalty for finality. The New York Attorney General's office announced plans to appeal the decision to the state's highest court. The 2023 lawsuit found Trump overstated assets, including inflating his Trump Tower penthouse size. Trump has dismissed the case as politically motivated, vowing to continue fighting the charges. The case underscores the difficulty of prosecuting a former president for fraud and leaves the final outcome uncertain.
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