Trump's $454M Fraud Fine Under Review: Court Questions Key Defense Arguments ⚖️

A New York appeals court is scrutinizing Donald Trump's appeal against a massive $454 million fraud penalty, raising doubts about parts of his defense in this high-stakes case.

Benzinga833 views0:42

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A New York appeals court reviewed Donald Trump’s appeal regarding a $454 million fine imposed for business fraud, showing skepticism towards elements of the case brought by the state's attorney general. The five-judge panel questioned key aspects, including the application of a consumer fraud statute and the justification for the financial penalty. The defense argued that there were no victims or complaints, and the sophisticated nature of the transactions should exempt Trump from certain fraud claims. The state countered that Trump's inflated financial statements were essential to securing loans and should be penalized despite the profitability of the deals.

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833

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0:42

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Published
Sep 27, 2024

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