Trump $464 Million NY Civil Fraud Penalty Vacated On Appeal
Published on: Aug. 21, 2025, 9:07 p.m. | Source: NDTV Profit
A New York appeals court struck down a $464 million fraud penalty against President Donald Trump and his company in a civil suit over his asset valuations, but upheld his liability in the case, handing him a financial victory over the state’s attorney general. The decision Thursday vacates a massive penalty from February 2024 by a Manhattan judge who found Trump illegally enriched himself for a decade by inflating the value of his assets on financial documents to get better terms on loans.
