Former US President Donald Trump, his two sons and former Trump Organization CFO Allen Weisselberg have appealed a fine of nearly $355 million imposed by a New York court.
Previously, the court concluded that Mr. Donald Trump had inflated the value of his assets to obtain preferential loans from banks. Ms. Alina Habba, a lawyer for Mr. Donald Trump, expressed confidence that the appeals court would reverse the ruling and take the necessary measures to “restore public confidence in the New York legal system.”
At the end of a controversial three-month trial in Manhattan on February 16, the court ruled that the former US President must pay a fine of $354.9 million for the above violations. If interest accrued on fraudulent business activities before the trial opened, the fine would be more than $454 million. In addition to the civil lawsuits, Mr. Donald Trump also faces 91 charges in four criminal cases, as he tries to become the Republican candidate for the White House in 2024.
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