Appeals Court Reviews Trump's $450 Million Fraud Fine

Judges question the severity of the penalty and the state's authority in the high-profile case against the former president and his business associates.

A five-judge panel is considering whether to uphold a ruling that found Trump and his associates liable for fraudulently inflating asset values.
The original ruling by New York State Judge Arthur Engoron imposed a $464 million fine, which has grown to $478.3 million with interest.
Trump's lawyers argue that the ruling should be overturned as no financial harm was caused to the businesses involved.
New York Attorney General Letitia James' office maintains that harm need not be proven under the statute and that the penalties are justified by the extensive fraud.
If the ruling is upheld, Trump and his associates could face additional penalties, including a temporary ban on running businesses in New York.