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1h ago

New York Appeals Court Voids Half‑Billion Trump Civil Fraud Penalty

The court said the disgorgement was an excessive fine under the Eighth Amendment.

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In the initial ruling against Trump, Engoron ordered the US President to pay a civil penalty of $464 million, including interest.
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Overview

  • The Appellate Division dismissed the monetary disgorgement in full but kept the fraud findings and injunctive remedies in place, with enforcement paused during appeals.
  • Judge Arthur Engoron’s ruling that Trump and his company inflated asset values stands, including temporary bans on Trump, Donald Trump Jr. and Eric Trump serving in New York corporate leadership.
  • A sharply divided five‑judge panel filed more than 300 pages of concurring and dissenting opinions, exposing rifts over the penalty’s calculation, the attorney general’s authority, and trial rulings.
  • Engoron had ordered $355 million, which grew with interest to more than $515 million; combined penalties for all defendants topped roughly $527 million, and Trump had posted a $175 million bond to stay collection.
  • Attorney General Letitia James said she will seek review by the New York Court of Appeals, and Trump called the decision a “total victory” in statements on social media.