Former President Donald Trump on Monday appealed a ruling in his New York civil fraud case that left him owing nearly $355 million plus interest for misstating the value of his assets, leaving the 2024 GOP frontrunner with $440 million in legal fines from three civil cases and faces a litany of legal hurdles in the run-up to the presidential elections.
Former President Donald Trump appealed the verdict in his New York civil fraud case, after being ... [+]
Trump and his co-defendants in the civil fraud case were ordered to pay $364 million—plus interest—last week, after a judge in New York ruled the former president, his adult children and executives at the Trump Organization fraudulently inflated the value of Trump and the Trump Organizations’ assets, a claim Trump has repeatedly and vehemently denied.
New York Judge Arthur Engoron—a frequent subject of Trump’s attacks on social media—had found defendants liable for fraud by misstating the value of their assets for favorable business deals, a ruling made worse for Trump last week after New York’s Democratic Attorney General Letitia James said she is prepared to seize Trump’s properties if he failed to fork up the $354.9 million fine he owed.
$440 million. That’s how much Trump owes in legal fees as a result of the verdict in his New York civil fraud case, as well as the $83.3 million he was ordered to pay in a separate defamation case to writer E. Jean Carroll, who accused the former president of raping him in a department store and then denying her allegations.
This is a developing story and will be updated.
James Says She’ll Seize Ex-President’s Buildings If He Can’t Pay Up (Forbes)