attorneys for Donald Trump applied on Monday civil fraud trial Since February, the former president and his company is liable for business fraud.
In a 95-page appeal filed in the Appellate Division of the New York Supreme Court, state Attorney General Letitia James accuses James of an “unauthorized, unprecedented seizure of power” and says several debts cited by prosecutors should not have been considered in the case.
It also alleges that James seeks to “resolve and punish complex, highly successful transactions between Petitioners and sophisticated Wall Street banks that are deeply satisfying to all parties and have no impact on the public interest.”
Manhattan Judge Arthur Engoron presided civil business fraud litigation and ordered the former president and the Trump Organization to pay $354 million in fines. Judgment, which It amounted to 464 million dollars It continues to accumulate interest as of the end of February.
It also banned Trump from running any New York company for three years, and his sons Donald Jr. and Eric from running any business in New York for two years.
James sued Trump and his business in 2022, alleging he lied on financial statements, including inflating the value of assets, to make more money — in one example cited in the lawsuit, Trump was accused of triple appraising his three-story home in Trump Tower in New York. its true size and value.
Trump’s lawyers argued in Monday’s filing that these were private transactions.
“Neither party ever filed a complaint or alleged any default. Each loan payment was made on time and all loans were paid in full — some before they were due,” Trump’s lawyers wrote.
Trump’s attorneys later argued that a proper application of the statute of limitations should have prevented seven of the 10 loan transactions because their closing dates were too old.
“The application of the proper statute of limitations eliminates $350,980,057 of the $464,576,229 judgment,” they wrote, adding that Engoro ignored an earlier appellate decision that indicated which claims were “time-barred.”
James’ office did not immediately respond to a request for comment Monday night.
Trump, now the official Republican presidential nominee, has criticized the case and the civil verdict, insisting he did nothing wrong. James said that he cheated the system by deliberately exaggerating his wealth by billions of dollars, that Trump is not above the law and that “everyone should play by the same rules.”
“We have a responsibility to protect the integrity of the market,” James said after winning the civil suit. “And for many years, Donald Trump engaged in deceptive business practices and massive fraud.”
James said the scam defrauded banks and insurance companies, and the judge ruled not just in favor of his office, but “in favor of every hard-working American who plays by the rules.”
It was Trump some success with him court cases After the Supreme Court’s ruling on the president’s immunity, however, his lawyers did not cite the ruling in their appeal on Monday.