Appeals Court Makes Critical Ruling In Letitia James’ Civil Fraud Case Against Trump

A New York appeals court tossed a nearly half-billion-dollar civil fraud penalty against President Donald Trump on Thursday.

The penalty, which now stands at over $515 million with interest, is “excessive,” a panel of five judges found.

Judge Arthur Engoron ordered Trump last year to pay $355 million in penalties in the case brought by New York Attorney General Letitia James, who alleged Trump inflated his net worth to secure better loans.

“While the injunctive relief ordered by the court is well crafted to curb defendants’ business culture, the court’s disgorgement order, which directs that defendants pay nearly half a billion dollars to the State of New York, is an excessive fine that violates the Eighth Amendment of the United States Constitution,” Justice Peter H. Moulton wrote in a concurring opinion joined by Justice Dianne Renwick.

Trump wrote on Truth Social that he “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.”

“This was a Case of Election Interference by the City and State trying to show, illegally, that I did things that were wrong when, in fact, everything I did was absolutely CORRECT and, even, PERFECT,” he wrote. “Every single Dollar was thrown out, even the penalties imposed on 🇺🇸US