“The New York Supreme Court of Appeal has decided to cancel a fine of more than $ 500 million, imposed on the head of the White House Donald Trump in a fraud with an overestimation of real estate prices. Source: “European Truth” with reference to the decision of the House.”, – WRITE: www.pravda.com.ua
Source: “European Truth” with reference to the decision of the House.
Details: It is a civil claim in a fraud of the current US President with real estate, filed in September 2022 by the New York State Prosecutor General James.
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The New York Prosecutor’s Office has charged Trump with seven accusations, including fraud, forgery, and false financial statements.
At the beginning of 2024, the court ruled that Trump Trump Organization’s business empire overstated the value of its real estate, thus receiving more profitable bank loans.
Trump was awarded a fine of $ 355 million, which has now increased to more than $ 500 million, taking into account penalties, and banned him and his two sons for three years to occupy leadership positions in any company of New York.
In its decision, the New York Chamber of Appeal stated that “the court’s decision on compulsory penalty, which obliges the defendants to pay nearly half a billion dollars in New York, is an excessive fine that violates the eighth amendment to the United States Constitution.”
At the same time, the court did not cancel the sentence itself and restrictions on the business activity of Donald Trump and his sons.
After the election of Trump by US President in 2024, all criminal cases against him were actually terminated.
In January 2025, only one of them was made guilty in January 2025: Trump was found guilty of the so-called “porn ghost” case, but not awarded any actual punishment.