Donald Trump also faces 91 criminal charges in four criminal cases.
New York:
Former U.S. President Donald Trump is appealing a $355 million fine imposed by a New York court after he was found to have manipulated the value of his property to fraudulently obtain favorable loan terms, court documents filed on Monday showed.
Trump, who is almost certain to be the Republican presidential nominee this November, has vowed to challenge Judge Arthur Engoron’s ruling.
The order also bans him and his sons from doing business in New York: three years for Trump and two years for his son.
According to appeal documents filed in the New York Supreme Court, Trump is liable to pay $454,156,783.05, including 9% pretrial interest, and will continue to pay interest until the full amount is paid.
The appeal means the case and the significant financial crisis it creates will continue through the presidential campaign and possibly beyond the November vote.
Trump, who also faces 91 criminal charges in four criminal cases, has used his legal woes to incite supporters and denounce his likely opponent, President Joe Biden, claiming the cases are “just to hurt me in the election.” a method”.
In his Feb. 16 ruling, Ngolon said Trump’s actions justified the financially devastating penalties.
“Their complete lack of remorse and remorse borders on the pathological,” Ngolon said of Trump and his two sons, who were also defendants, in his scathing ruling.
“Donald J. Trump, President, Donald J. Trump Jr., Eric Trump, Ellen Weisselberg… hereby appeal to the Appellate Division,” Monday’s appeal said.
Trump built his public profile as a real estate developer and businessman in New York and used it as a springboard into the entertainment industry and eventually the presidency.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
