New York Attorney General Letitia James holds a press convention following a ruling in opposition to former U.S. President Donald Trump ordering him to pay $354.9 million and barring him from doing enterprise in New York State for 3 years, within the Manhattan borough of New York City on Feb. 16, 2024.
David Dee Delgado | Reuters
Engoron dominated that Trump and different defendants overstated the purported worth of actual property property owned by the Trump Organization to inflate Trump’s internet value. In flip, these bogus valuations helped Trump’s firm get higher phrases on loans and different monetary advantages, the choose dominated.
Engoron cited these findings in imposing the huge high quality on Trump and different defendants.
The discover of enchantment filed on Thursday is transient and doesn’t element the arguments for why James believes the choice ought to be overturned. Those arguments shall be specified by future filings.
A spokeswoman for James had no touch upon the submitting.
A spokesman for Trump’s authorized group, in an announcement, stated, “New York AG Letitia James’ political crusade against President Trump, which is barred by the Statute of Limitations, where she valued Mar-a-Lago in Palm Beach, FL, which is worth at least $2 billion dollars, at a ridiculous $18 million, and engaged in a ton of other fatal errors, was already annihilated by the New York Appellate Division, First Department.”
“Tish James should focus on her own problems and stop wasting New York State taxpayers’ hard earned dollars on her failed Witch Hunt against President Trump, his family, and the magnificent business that he built,” the spokesman stated.
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