Former President Donald Trump has submitted an appeal notice on Monday regarding the New York civil judgment that found him responsible for fraudulently inflating his net worth on financial statements spanning several years.
This judgment has restricted both his and the Trump Organization’s operations in New York, as well as their ability to seek loans from state-registered financial institutions.
Trump is seeking an overturn of the ruling issued by Justice Arthur Engoron on February 16, which was part of a civil fraud lawsuit initiated by New York Attorney General Letitia James in 2022, according to Reuters.
New York Attorney General Letitia James’ office has confirmed that Trump’s post-judgment interest is accumulating at a rate of $111,984 per day until the judgment is settled, as reported by CBS News.
James sought to essentially bankrupt Trump by calling for a $370 million fine and a lifetime disbarment from the real estate industry in New York State. Trump’s announcement follows through with his trial comments when he declared during closing arguments, “This is a case that should have never been brought, and I think we should be entitled to damages, as Breitbart News reported.
Constitutional scholar Jonathan Turley called the ruling “confiscatory, extreme, and abusive.” The judgment is the second this year in which Trump was found guilty and required to millions.
