Overview
- The Appellate Division in New York on Aug. 21 annulled the $464 million civil penalty imposed in February 2024 in the Trump Organization fraud case.
- Judges deemed the sanction excessive under the U.S. Constitution’s Eighth Amendment, which bars disproportionate punishments.
- New York Attorney General Letitia James announced she will seek review before the state’s top court.
- The underlying civil case had found Trump and his sons Donald Jr. and Eric liable for inflating valuations of skyscrapers, luxury hotels and golf courses to secure better loan and insurance terms.
- Trump hailed a “TOTAL VICTORY” on Truth Social, Donald Trump Jr. celebrated on X, and records reflect a prior February rejection of Trump’s $100 million bond offer.