Judge Engoron ruled that Trump padded his net worth by billions of dollars by hugely overvaluing his assets on his annual financial statements.
A New York appeals court is set to hear arguments in Donald Trump 's fight to overturn a civil fraud judgment that could disrupt his real estate empire and cost him close to a half-billion dollars.
The judge issued his verdict after a 2 1/2-month trial that saw testimony from 40 witnesses, including Trump. He decided the case because state law doesn't allow for juries in this type of lawsuit and neither side asked for one. A five-judge panel will hear the case. Each side has been allotted 15 minutes to argue. It is also expected to be livestreamed.
Trump says he didn't lie about his wealth or the value of his properties, and that no one was harmed by his actions. He has decried the verdict as "election interference" and "weaponization against a political opponent." He has complained that he was being punished for "having built a perfect company, great cash, great buildings, great everything." James and Engoron are Democrats.
Trump, his company and top executives including Eric and Donald Trump Jr. "created and used financial statements rife with blatant misrepresentations and omissions to maintain loans worth more than half a billion dollars and to generate over $360 million in ill-gotten profits," Magy wrote.
Appeal Fraud Judgment New York Engoron Attorney General Penalties
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