NY appeals court on Thursday to hear arguments on Trump’s $454 million civil fraud judgment
CNN
A New York appeals court is set to hear arguments Thursday in former President Donald Trump’s bid to have the $454 million civil fraud judgment against him dismissed.
A New York appeals court is set to hear arguments Thursday in former President Donald Trump’s bid to have the $454 million civil fraud judgment against him dismissed. The appellate hearing is yet another legal development for Trump playing out the same time as his presidential campaign hits the homestretch. In addition to the civil fraud appeal, Trump’s lawyers have argued to dismiss the guilty verdict in the New York criminal case, the federal election interference case in Washington, DC, and the E. Jean Carroll defamation verdict – all in the past month. On Thursday, Trump’s lawyers are seeking to overturn the $454 million judgment levied by state Judge Arthur Engoron in February, who found that Trump, his sons Donald Trump Jr. and Eric Trump, and his business liable for fraud, as well as issuing false financial statements and false business records. Engoron ruled that Trump and his co-defendants inflated the value of the former president’s assets in order to obtain more favorable loan and insurance rates. Trump is not expected to attend Thursday’s hearing, sources told CNN. He posted a $175 million bond in April while the appeal is ongoing. The judgment against Trump was for $354 million, with an additional $100 million in interest that had accrued when the judge’s ruling was issued in February. The interest is still accruing at a rate of nearly $112,000 per day while Trump appeals, and the amount had surpassed $478 million as of Thursday, according to a person familiar with the judgment.
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