Staff Reports
Former President Donald Trump is fighting back against a New York court decision that slapped him with a whopping $355 million in fines and banned him from doing business in New York. The court found him guilty of exaggerating his net worth to secure more favorable loans, and now he’s appealing the decision like a boss.
The ex-president, accompanied by his legal squad, is taking the fight to the next level by asking the state appellate court to overturn Justice Arthur Engoron’s ruling. Trump’s legal eagles are aiming to prove that Engoron totally messed up and that he had no right to drop the hammer on the former president.
Trump begins appeal of $454 million civil business fraud ruling https://t.co/ro3LflxXrb via @dcexaminer
— J. Metz (@Metz1245John) February 26, 2024
The Justice reportedly claimed that Trump and his crew cooked up a scheme to fib about his wealth to banks and insurers for years. Nevertheless, no evidence was presented during the trial that any banks or insurers actually lost any cash while working with Trump. It’s like they’re accusing Trump of stealing candy and forgetting to actually prove it was stolen.
To add insult to injury, the court is making Trump sit on the sidelines for three whole years, preventing him from doing businesses in the state. They even went ahead and slapped him with a court-appointed monitor to keep an eye on things. It’s like being grounded, but for grown-ups.
And if you thought the $355 million in fines was staggering, get a load of this: the interest on that puppy is racking up at a whopping $111,984 per day. According to the state Attorney General Letitia James, Trump’s looking at a bill of over $99 million just in interest. That’s like trying to pay off a colossal credit card bill, but with even more drama.
Now, this whole mess is happening while Trump is eyeing another run for the White House. Yep, you heard that right. He’s the frontrunner expected to snag the Republican nomination to go head-to-head with President Joe Biden. Not to mention, he’s also caught up in not one, not two, but four separate criminal indictments. Talk about a wild rollercoaster ride!
